Tariff paradox
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The US Supreme Court is expected to rule any day now on whether the administration lawfully invoked the International Emergency Economic Powers Act (IEEPA) to impose sweeping tariffs on imports.

The constitutional question has consumed most of the oxygen in legal commentary. But a second question, less dramatic but potentially more consequential for the freight industry, lurks behind the headline: if the Court strikes down IEEPA tariffs, who actually gets the money back?

The answer is less obvious than it appears, and ...

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