New tariffs, same uncertainty for retailers
The Supreme Court’s IEEPA ruling could benefit the retail industry through refunds, but the timing is unclear and new Section 122 levies could dampen those gains.
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The apparel conglomerate beefed up its “fashiontainment” roster, while retailers are getting their money back on import levies canceled by the Supreme Court.
Supreme Court invalidates Trump tariffs based on emergency powers
In a 6-3 decision, the court rejected President Trump’s claim that a 1977 law gave him the authority to impose broad tariffs globally.
Organized retail crime bill passes House in bipartisan vote, heads to Senate
Industry groups have lobbied Congress to pass this legislation for years. But the impact on retailers’ efforts to prevent inventory loss remains unclear.
CBP says it can’t comply with court order for tariff refunds yet
The agency is confident it can implement a process that streamlines returns for now-defunct Trump administration levies in 45 days, according to a court filing.
Carter’s interim CEO: ‘We’re in line for our refund’
Richard Westenberger said that the company has filed for around $130 million in refunds from the government due to IEEPA-related tariff charges.