Utility Dive•2 days ago
Trump administration clarifies scope of tariff refunds ahead of Supreme Court ruling
Key Takeaway
A pending Supreme Court decision on IEEPA tariffs could lead to substantial refunds for past levies, offering a potential financial boon or cost recovery for developers and large consumers impacted by these trade measures.
AI Summary
- •Government lawyers have clarified that if the Supreme Court rules IEEPA tariffs illegal, the administration would issue refunds for all levies imposed under the statute.
- •This potential for widespread tariff reimbursements could significantly impact project economics for developers and large power consumers who paid these levies on imported equipment or components.
- •The outcome of the Supreme Court ruling represents a major policy and financial risk/opportunity, potentially freeing up capital or reducing past project costs for affected entities.
Topics
policy
Article Content
Government lawyers said in a separate case that if the Supreme Court determines IEEPA tariffs to be illegal and orders refunds, the administration would make reimbursements for all levies instituted under the statute.