2026

Judge Orders Government to Begin Refunding More Than $130 Billion in Tariffs

Thousands of companies filed lawsuits to reclaim tariffs after the Supreme Court invalidated the duties, forcing the government to begin refunding billions.

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US Firms Likely to See Relief From Global Minimum Tax Dilemma

American companies are feeling the pinch of the global minimum tax, but their bills will shrink after a US exemption from the levy kicks in and countries begin to offer new tax incentives to maintain foreign investment.

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The Unexpected Winners From Trump’s New Global Tariff

The president’s flat 10 percent tariff on imports could reshape global trade patterns, benefiting some countries that previously faced higher tariff rates while raising questions about the broader impact on imports.

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Sales of Heavy Equipment Fall Under Tariff Pressures

An industry report shows that tariffs, high interest rates and reduced infrastructure spending are slowing growth and reducing jobs in the heavy equipment manufacturing sector.

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Consumers Paid Tariffs on Overseas Items. Now They Want a Refund.

Businesses and consumers who paid tariffs on imported goods are now seeking refunds after certain duties were ruled unlawful, highlighting the financial consequences of trade policy decisions.

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Who is paying for Donald Trump’s tariffs?

This article examines who ultimately bears the economic cost of tariffs imposed by the Trump administration and how markets and international trade partners respond to those policies.

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Trump Faces 2,000 Tariff Lawsuits Following Supreme Court Loss

In the days since the US Supreme Court declared most of President Donald Trump’s global tariffs illegal, more than 100 companies filed new lawsuits, underscoring widespread concerns that the administration won’t readily refund the billions of dollars it’s already collected.

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The Awkward Implications of an Undertaxed Profits Rule

The article explores the potential awkward legal outcomes of adopting the UTPR as an income tax, which could allow countries to tax activities they do not control or have authorized. The article considers alternative approaches to implementing the UTPR, such as civil penalty regimes or taxing deductible payments, to avoid these inconsistencies. It also examines the practical application of UTPR under the OECD's GLOBE rules and discusses its implications for multinational enterprises, particularly in cases like India, Australia, and Kenya.

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America First, Global Tax Deal Clash in Irreconcilable Conflict

President Donald Trump effectively upended a global minimum tax deal signed by nearly 140 countries on his first day back in office, declaring other countries shouldn’t decide how US multinationals will be taxed.

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The $130 Billion Race for Companies to Get Their Tariff Money Back

This article examines widespread corporate litigation seeking refunds of tariffs imposed under executive authority later curtailed by the Supreme Court. The piece highlights the fiscal exposure facing the federal government and explores how invalidated cross-border levies functioned as de facto revenue measures with significant implications for international trade taxation.

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