In February, the U.S. Supreme Court ruled that tariffs enacted by President Donald Trump's administration, and using the International Emergency Economic Power Act, were illegal. In light of the ruling, the president quickly enacted other tariffs, but the Supreme Court's decision did not go unnoticed. Several international companies, such as Costco, Nintendo, Dole Fresh Fruit Co. and Memphis' own FedEx, want refunds on the billions in duties they've paid over the past year.
Today we're joined by business reporter Steve Bohnel to talk about what the companies are doing to get their money back and what it might mean, way in the future, for the American consumer.
Plus:
- 'Homes not Hudge Funds' passes the state senate
- The Tradition plans to serve Houston's-inspired chicken tenders
- The County Commission fills Ford's former seat
- The NAACP says Mississippi is moving too fast on the xAI permit decision
- Memphis is moving on from women's basketball coach Alex Simmons
- The Standard's tax incentive fails