Two months after the U.S. Supreme Court struck down some of President Donald Trump’s tariffs, roughly $8 billion in collected duties, plus interest, could be returned to the Illinois businesses that paid them.
U.S. Customs and Border Patrol began the process of returning tariffs it collected on imports from companies over the past year Monday.
Dan Anthony, Executive Director of We Pay the Tariffs, a coalition of small businesses against the tariffs, said refunds could be relieving, but uncertainty looms for businesses as the Trump administration still seeks to impose new tariffs as soon as July.
Machinery, electrical and communications equipment were the top three most impacted imports for Illinois, bringing in a combined total of $1.52 billion, according to Anthony.
Illinois Manufacturers Association President and CEO Mark Denzler said he feels a sense of stability compared to a year ago.
He cautioned Illinois companies to work with their attorneys, accountants and importers of record when filing for refunds.
Story from Illinois Radio Network
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