Lose-lose: Even if the Supreme Court strikes down Trump's tariffs, consumers likely wouldn't see a dime from refunds

EconomyTariffs and tradeLose-lose: Even if the Supreme Court strikes down Trumps tariffs, consumers likely wouldnt see a dime from refundsBy Paul WisemanBy The Associated PressBy Paul WisemanBy The Associated Press Consumers, if some tariffs are declared illegal, would not have recourse to ask for refunds for the higher prices they had to pay.Natalia GdovskaiaPresident Donald Trump likes to boast about how much money the U.S. Treasury is raking in from the massive taxestariffshes slapped this year on imports from almost every country in the world. We have trillions of dollars coming into our country, Trump said Wednesday. If we didnt have tariffs, we would be a very poor nation and we would be taken advantage of by every other nation in the world, friend and foe. But two courts have now ruled that his biggest and boldest import taxes are illegal. If the Supreme Court agrees and strikes them down for good, the federal government could have to pay back many of the taxes its already collected from companies that import foreign products into the United States. Were talking about hundreds of billions of dollars potentially in refunds affecting thousands and thousands of importers, said trade lawyer Luis Arandia, a partner with the law firm of Barnes Thornburg. Unwinding all that will be the largest administrative effort in U.S. *Reporting by Fortune.*