A significant setback for the Trump administration's tariff approach has been delivered by a federal trade court. Following the Supreme Court's rejection of emergency-power tariffs, a judge has instructed Customs and Border Protection to process refunds, allowing numerous US businesses to recover billions. From small manufacturers to major corporations like FedEx, companies are seeking full reimbursements, while the administration scrambles to replace the tariffs with a new global rate. The outcome of this situation has the potential to transform the entire US trade landscape.
