00:00It's Benzinga bringing Wall Street to Main Street.
00:02The U.S. administration said Friday that businesses seeking refunds after the Supreme Court invalidated
00:07$133 billion in tariffs will face delays, according to Benzinga.
00:12The Supreme Court last week struck down many emergency law tariffs imposed by Trump.
00:17The ruling did not specify how the federal government should return the funds collected
00:22from importers.
00:23In a post on Truth Social, President Trump questioned whether the case could be re-heard
00:27and warned that dismantling existing trade agreements could trigger much higher duties.
00:32The Department of Justice said in a court filing that processing refunds will take time, The
00:37Guardian reported.
00:38The department did not indicate plans to seek reconsideration.
00:41Dozens of companies have sought reimbursement since the ruling, joining hundreds that had
00:45filed lawsuits earlier.
00:47For all things money, visit Benzinga.com.
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