finance
Wine Importer Receives $110,000 Tariff Refund After Supreme Court Ruling
Victor Schwartz, CEO of VOS Selections, received a $110,000 refund from the U.S. government. The payment follows a Supreme Court decision that invalidated tariffs imposed under the International Emergency Economic Powers Act. The Treasury Department has begun processing refunds totaling $35.46 billion for affected importers.
May 14, 3:41 AM·1m read1 source
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U.S. government.
The Treasury Department has begun refunding importers who paid the tariffs. Schwartz was among the small business leaders who challenged the tariffs in the Supreme Court.
On Tuesday, the agency told a federal judge that the first batch of refunds had been approved and sent to the Treasury Department for payment. 46 billion in refunds. The total is expected to increase as additional claims are reviewed and approved.
“absolutely starting to flow.”
