Apr. 21 at 2:12 PM
The president again complained about the 6-3 Supreme Court decision that voided those tariffs. That ruling, he griped, did not include a sentence that said, “You don’t have to pay back tariffs that have already been received.”
“So, I’m not happy with the Supreme Court, I’ll be honest with you,” Trump said.
Major U.S. retailers have been crushed by Trump’s trade war and stand to benefit materially from refunds.
Earlier this month, Levi Strauss
Chief Financial Officer Harmit Singh told CNBC that the company expects to receive around
$80 million in refunds for tariffs it paid on importing denim and other apparel items from manufacturers around the world.
Gap
, the retail giant whose brands include its namesake, Old Navy, Banana Republic, and Athleta, also has said that it stands to benefit from potential tariff refunds, but did not reveal an amount when the company reported fourth-quarter earnings in March.
$LEVI $GAP