U.S. tariffs continue to attract major mainstream momentum in any case. In the latest tariff lawsuit, the Manhattan International Trade Court has thwarted President Trump’s “liberation day” tariffs, causing a quick shock to the market. This development could overturn the US tariff policy regime and force all countries to reimburse in worst-case scenarios.
Trump’s tariff dilemma: What happened
The Manhattan International Trade Court issued a block of tariffs for Trump’s release date. This block is placed primarily because the courts consider these tariffs illegal and lack authority under Ieepa.
“The International Trade Court on Wednesday determined that President Donald Trump has exceeded his authority to impose tariffs on all imports and immediately suspend his signature trade war. policy. ”
Destruction: The Manhattan-based International Trade Court reportedly blocked the “liberation day” tariffs proposed by President Trump.
– Cobessie’s Letter (@kobessiletter) May 28, 2025
What is the worst thing that can happen? Probably a refund?
According to Kobeissi’s letter, Trump could be issued a refund and will return tariff funds to all countries involved if the court “backs” the bloc with Trump’s tariffs.
“After the ‘mutual tariffs’ have been cast into the court, what is next? If the International Trade Court’s ruling on “mutual tariffs” is promoted. All customs duties collected after April 2 must be refunded.
The amount returned to the country would be around $10 billion. This also includes the country’s 10% baseline tariffs.
At the same time, the US will reimburse $3.5 billion to China alone if the development gains momentum in the near future.
“Based on calculations that assume US import levels in 2024, this would result in around $10 billion in tariff revenue, including a 10% baseline fee in all countries, and the US owes about $3.5 billion in China alone.
What happens next after “mutual tariffs” are struck by the court?
If the International Trade Court’s ruling on “mutual tariffs” is upheld, all duties collected since April 2 must be refunded.
Based on calculations that assume our 2024 level…
– Cobessie’s Letter (@kobessiletter) May 29, 2025
