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Stock impact report

Companies are entitled to Trump tariff refunds, trade court rules [Yahoo! Finance]

Bausch + Lomb Corporation Common Shares (BLCO) 
Company Research Source: Yahoo! Finance
Judge Richard Eaton of the U.S. Court of International Trade in New York said that U.S. importers were "entitled to benefit" from the high court's February 20 decision that President Trump lacked the authority to impose sweeping tariffs last year under the International Emergency Economic Powers Act (IEEPA). Eaton was ruling specifically on a case brought by Atmus Filtration, a Nashville, Tennessee, company that makes filters and other filtration products, claiming a right to a tariff refund. Second legal defeat this week A federal appeals court on Monday declined to delay implementation of the Supreme Court ruling striking down most of the Trump administration's tariffs, clearing the way for the Court of International Trade to begin the process of crafting relief for businesses Eaton also wrote in his decision that he alone "will hear cases pertaining to the refund of IEEPA" tariffs. The Supreme Court did not address the issue of refunds in its 6-3 decision last month. Tra Show less Read more
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