00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The Supreme Court ruled on February 20th that emergency tariffs exceeded Trump's authority,
00:07according to Reuters. About 2,000 companies, including FedEx, Costco, and L'Oreal,
00:12sued for refunds in the U.S. Court of International Trade.
00:16Small businesses paid about $55 billion of the $175 billion in tariffs collected in 2025,
00:23according to the Penn-Wharton budget model.
00:25Many owners say pursuing refunds could take months or years and divert resources from operations.
00:31Some banks and hedge funds are buying refund claims at about 40 cents on the dollar.
00:35Others are waiting for clarity on the court process,
00:38while some say they may absorb losses rather than fund costly litigation.
00:42For all things money, visit Benzinga.com.
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