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US Politics

Businesses Got Squeezed by Trump’s Tariffs. Now Some of Them Want Their Money Back

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President Donald Trump imposed a 125 percent tariff on Chinese imports last month .

On May 12 , Trump reached a 90-day trade-war truce with China , cutting the minimum China tariffs to just 30 percent .

Businesses that had to pay the higher rate believe they were unfairly ensnared in Trump ’s hasty negotiations.

Some initial rulings are possible within days , but final decisions and any resulting refunds may be years away.

Oregon attorney general Dan Rayfield says if he wins, the federal government must give back “every cent of the illegal tariffs collected” If the court cases fail, then businesses could resort to a last-minute plea in about 16 months .