A highly anticipated Supreme Court decision on President Donald Trump’s legal authority to impose tariffs on America’s trading partners may be imminent, as companies intensify bids to collect refunds if the justices rule in their favor.
The court is set to reconvene Friday, drawing close scrutiny from the administration, foreign governments, and US businesses who have paid billions in combined customs duties.
Trump has relied heavily on a 1970s law — the International Economic Emergency Powers Act — to impose tariffs on scores of US trading partners, with few limits. The Supreme Court agreed to consider Trump’s IEEPA authority on ...