Tyler Kendall

thousand importers.

And every company that wants a refund would need a distinct claim in court.

Perhaps we'll likely see a class action lawsuit that could maybe put this a little bit more broad-based.

But when we're looking at just the massive amount of revenue that was raised by these IEPA tariffs alone, of course the Trump administration has

other tariff authorities that are already in place, Section 232 related to national security, for example.

Those IEPA broad-based tariffs brought in last year more than $134 billion for the U.S.

government.

So it's going to be a complicated process.

It likely would leave the question of refunds to a lower court, most likely the Court of International Trade, which first took up

uh this case there's a few different wonky points that i had written down here on how this could ultimately end up happening one thing to know is that there's something known as the liquidation process which basically is the statute of limitation that a company can ask for its money back that's 314 days so some of those tariffs imposed on china have actually been uh imposed longer than that so those companies wouldn't get those back but by and large i think we're still within

that timeframe for these companies to ask for those requests.

Right.

And we've already heard telegraphed from the administration that they're going to pull on these other federal authorities.

Some of them are already in place.

We talk a lot about Section 232, those national security tariffs that the administration has put forward on some of those

Critical sectors, steel, aluminum, critical minerals, and a lot of those other areas that have been a focus of the Trump administration when it comes to countering China.

We could also see Section 301 investigations.

That's over unfair trade practices.

We saw a lot of those imposed on China under the first Trump administration.

Think allegations of IP protection violations.