The Trump administration is asking for a four-month delay in tariff refunds

The Trump administration warned that the refund of tariffs would "take time," as the Justice Department formally requested a court-ordered delay of up to four months.

According to The Guardian , on February 27, the administration of US President Donald Trump warned that the process of refunding the tariffs recently declared invalid by the US Supreme Court would not happen immediately, but "will take time," amid a wave of businesses filing for refunds.

According to filings submitted to the court by the U.S. Department of Justice (DOJ), the government acknowledges having to process a very large volume of tax refund requests. The agency requested that the court allow up to 120 days before establishing a tax refund schedule, citing the "complex nature" of the case.

Many businesses, including FedEx, have filed lawsuits seeking refunds for taxes that the court determined were imposed illegally. However, the DOJ stated that any current financial losses are “recoverable” through future payments with interest, thereby easing concerns about immediate liquidity pressure.

Meanwhile, Trump continued to publicly criticize the court's ruling. On the Truth Social platform, Trump warned that refunds could cost the budget hundreds of billions of dollars.

"I'm absolutely certain the Supreme Court didn't take this into account!"

"It's absurd that countries and companies that have taken advantage of us for decades, receiving billions and billions of dollars they shouldn't have received, are now getting an undeserved and unprecedented windfall, all because of this disappointing ruling," Trump wrote, questioning the possibility of a "retrial."

However, the DOJ affirmed that it has no plans to ask the Supreme Court to reopen the trial.

This ruling is seen as a major blow to a pillar of Trump's hardline economic policy, as the court concluded that the 1977 national emergency law did not provide sufficient legal basis for much of the global tariffs his administration had imposed.

Following the ruling, the Trump administration sought to find other legal grounds and temporarily imposed a 10% tariff on imports from several countries. This measure was implemented under the Trade Act of 1974, allowing for a maximum application period of 150 days.

Source: The Youth News