Tariff Refund Fight Could Hurt Small Businesses: Scott Lincicome

The Supreme Court’s decision invalidating President Donald Trump’s “emergency” tariffs was a landmark victory for the rule of law. But it leaves a huge economic question unresolved: What happens to the roughly $175 billion that the federal government illegally collected from US companies?

The answer could be simple, fast and equitable — and keep a promise the Trump administration has already made. Unfortunately, it appears to have had a change of heart, to the detriment of thousands of small businesses that deserve restitution.

A quick recap: The court held that the International Emergency Economic Powers Act (IEEPA) doesn’t allow ...