In the latest episode of “Talking Trade,” Michael Best Strategies Partner Sarah Helton says uncertainty persists after the recent U.S. Supreme Court tariffs decision.
“It’s nice that we have clarity around where the Supreme Court lands on the president not having authority under IEEPA to impose tariffs, but we are in a kind of part two of a world of uncertainty,” Helton said.
After the nation’s highest court ruled the president can’t use the International Emergency Economic Powers Act to impose tariffs, undercutting a key element of the Trump administration’s trade policy, questions remain about the potential for refunds for affected businesses.
“I think all eyes are on what the Court of International Trade is going to do next related to refunds and relief for importers for IEEPA tariffs paid,” Helton said, adding “for the thousands of lawsuits that have been filed to date, those essentially have been put on stay right now.”
She said that stay is expected to be lifted soon, but added it’s “not clear” what a framework for getting refunds would look like.
“The soonest that we can get direction from the court, the more clarity there will be on the next steps forward and how soon relief will be provided,” she said.
Helton also weighs in on alternative tariff routes the administration has been using as well as how they could be leveraged going forward.
Talking Trade is hosted by E.M Wasylik Associates Managing Director Ken Wasylik and M.E. Dey & Co. President and Managing Director Sandi Siegel.
