Close Menu
Fin Street NewsFin Street News
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech

Subscribe to Updates

Get the latest finance and business news and updates directly to your inbox.

Trending
Kalshi’s response to its .2 million Iran mess: More fine print

Kalshi’s response to its $2.2 million Iran mess: More fine print

March 5, 2026
Tax Haven, USA

Tax Haven, USA

March 5, 2026
Major US trade groups are pressing the Trump administration to distribute tariff refunds ‘en masse’

Major US trade groups are pressing the Trump administration to distribute tariff refunds ‘en masse’

March 5, 2026
Jensen Huang says a 0 billion investment in OpenAI is ‘probably not in the cards’

Jensen Huang says a $100 billion investment in OpenAI is ‘probably not in the cards’

March 5, 2026
The State Department says it’s boosting flights across the Middle East to get Americans home. Here’s what to know.

The State Department says it’s boosting flights across the Middle East to get Americans home. Here’s what to know.

March 5, 2026
Facebook X (Twitter) Instagram
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
March 5, 2026 5:01 am EST
|
Facebook X (Twitter) Instagram
  Market Data
Fin Street NewsFin Street News
Newsletter Login
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
Fin Street NewsFin Street News
Home » Major US trade groups are pressing the Trump administration to distribute tariff refunds ‘en masse’
Major US trade groups are pressing the Trump administration to distribute tariff refunds ‘en masse’
Markets

Major US trade groups are pressing the Trump administration to distribute tariff refunds ‘en masse’

News RoomBy News RoomMarch 5, 20261 ViewsNo Comments

US trade groups are pressing President Donald Trump and his administration to quickly pay tariff refunds to small businesses.

In a joint press release, the Consumer Technology Association and the US Chamber of Commerce said they had filed a brief on Wednesday in V.O.S. Selections, Inc. v. Trump, a lawsuit by small businesses seeking refunds from Trump’s sweeping tariffs.

“The brief argues that an efficient, orderly process to deliver refunds is in the best interest of all parties — the Administration, the courts, and American businesses,” the press release wrote.

“On behalf of the hundreds of thousands of businesses, especially small businesses, that are now owed refunds, the Chamber and CTA are asking the court to establish an efficient, orderly process to deliver refunds en masse,” Neil Bradley, the Chamber’s executive vice president,  said in the release.

He added that the trade organizations were concerned that other parties might try to benefit from the refund process, and “the last thing our system needs is for the trial bar to be profiting off refunds owed to small businesses.”

“While this matters for every American company, refunds are existential for the many smaller businesses and startups who shouldered the tariff burden,” Ed Brzytwa, CTA’s vice president of international affairs, said in the release.

The trade groups’ filing comes after the Supreme Court ruled, in a 6-3 decision in February, that Trump’s tariffs were illegal and that his justification for invoking the International Emergency Economic Powers Act was invalid.

And on Wednesday, Judge Richard K. Eaton of the US Court of International Trade ruled that US businesses that were subjected to tariffs are “entitled to the benefit” of the Supreme Court ruling.

Even before Eaton’s ruling, companies had started demanding refunds. Major companies like Costco, Toyota, BYD, and FedEx filed lawsuits against the administration, seeking billions of dollars in tariff duties since they were imposed last April.

Representatives for the Trump administration did not respond to a request for comment from Business Insider.



Read the full article here

Share. Facebook Twitter LinkedIn Telegram WhatsApp Email

Keep Reading

Tax Haven, USA

Tax Haven, USA

Jensen Huang says a 0 billion investment in OpenAI is ‘probably not in the cards’

Jensen Huang says a $100 billion investment in OpenAI is ‘probably not in the cards’

The oil price spike won’t fix Russia’s strained finances, an analyst says

The oil price spike won’t fix Russia’s strained finances, an analyst says

‘Survivor’ host Jeff Probst spends his downtime watching real-life police interrogation videos

‘Survivor’ host Jeff Probst spends his downtime watching real-life police interrogation videos

How FBI Undercover Actually Works, According to a Former Agent

How FBI Undercover Actually Works, According to a Former Agent

Morgan Stanley cuts 2,500 jobs across all divisions in workforce reduction

Morgan Stanley cuts 2,500 jobs across all divisions in workforce reduction

Morgan Stanley is cutting 3% of its workforce in core business lines, including banking, trading, and wealth

Morgan Stanley is cutting 3% of its workforce in core business lines, including banking, trading, and wealth

Judge clears path for refunds on Trump’s tariffs that the Supreme Court ruled unlawful

Judge clears path for refunds on Trump’s tariffs that the Supreme Court ruled unlawful

My city was filling up with digital nomads, so I converted my family home into a business

My city was filling up with digital nomads, so I converted my family home into a business

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Tax Haven, USA

Tax Haven, USA

March 5, 2026
Major US trade groups are pressing the Trump administration to distribute tariff refunds ‘en masse’

Major US trade groups are pressing the Trump administration to distribute tariff refunds ‘en masse’

March 5, 2026
Jensen Huang says a 0 billion investment in OpenAI is ‘probably not in the cards’

Jensen Huang says a $100 billion investment in OpenAI is ‘probably not in the cards’

March 5, 2026
The State Department says it’s boosting flights across the Middle East to get Americans home. Here’s what to know.

The State Department says it’s boosting flights across the Middle East to get Americans home. Here’s what to know.

March 5, 2026
The oil price spike won’t fix Russia’s strained finances, an analyst says

The oil price spike won’t fix Russia’s strained finances, an analyst says

March 5, 2026

Latest News

‘Survivor’ host Jeff Probst spends his downtime watching real-life police interrogation videos

‘Survivor’ host Jeff Probst spends his downtime watching real-life police interrogation videos

March 5, 2026
How FBI Undercover Actually Works, According to a Former Agent

How FBI Undercover Actually Works, According to a Former Agent

March 4, 2026
Morgan Stanley cuts 2,500 jobs across all divisions in workforce reduction

Morgan Stanley cuts 2,500 jobs across all divisions in workforce reduction

March 4, 2026

Subscribe to News

Get the latest finance and business news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2026 © Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.