How should businesses approach tariff refunds? [FOX Business Network]
JP Morgan Chase & Co. (JPM)
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Source: FOX Business Network
The Supreme Court ruling that struck down the Trump administration's tariffs imposed under an economic emergency declaration could open the door to billions of dollars in tariff refunds for businesses, though the ruling didn't specify a process for handling those refunds. The Supreme Court ruled that President Donald Trump's tariffs enacted under the International Economic Emergency Powers Act (IEEPA) were illegal because the underlying law doesn't authorize the president to impose tariffs. Striking down the tariffs sends the issue back to the lower courts, which could weigh in on the refund process. However, businesses are already able to file "post-summary corrections" with Customs and Border Protection (CBP), which collects tariffs for the Department of Homeland Security that are remitted to the Treasury Department, while the U.S. Court of International Trade (CIT) has authority over appeals. Mike Snarr, partner at BakerHostetler and co-leader of the firm's International Tra
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- Illiquid loans, investor demands: Blue Owl's software lending triggers another quake in private credit [CNBC]CNBC
- Will refunds be issued after Supreme Court ruling on Trump tariffs? [FOX Business Network]FOX Business Network
- Epstein estate reaches settlement of up to $35 million with survivors [CNN]CNN
- Market Outlook: Tech rotation broadens gains beyond mega caps [BNN Bloomberg (Canada)]BNN Bloomberg
- JPMorgan cut Li Auto Inc. (LI) to Underweight from Neutral [Yahoo! Finance]Yahoo! Finance
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- 2/20/26 - Form 424B2
- 2/20/26 - Form 424B2
- JPM's page on the SEC website