00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The Trump administration moved Friday to appeal a federal court order
00:06that extended tariff refund eligibility to all U.S. importers, according to Benzinga.
00:12The Department of Justice notified Judge Richard K. Eaton of the planned appeal,
00:16which targets an order allowing any company that paid the invalidated duties to seek refunds.
00:22Before the filing, the refund process had moved forward.
00:26Victor Schwartz, CEO of VOS Selections, received $110,000 in the first payout wave,
00:32and CBP confirmed it had begun directing $35.46 billion to the U.S. Treasury.
00:39The Supreme Court ruled in February that Trump lacked constitutional authority
00:43to impose sweeping import taxes using the 1977 IEEPA.
00:49Analysis cited by BOK Financial Projects that most of the $166 billion
00:54in potential repayments will stay on corporate balance sheets rather than reach consumers
00:59who have no legal standing to file claims.
01:01For all things money, visit Benzinga.com.
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