Aussie Companies Seek Refunds on Trump Tariffs
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Australian Companies Seek Refunds on Trump Tariffs: Rio Tinto Leads the Charge
Australian companies, including Rio Tinto, SPC, Santos, Breville, Nufarm, Incitec Pivot, and Orica, are suing in a US court to recover money from tariffs imposed by Donald Trump. The US Supreme Court ruled these tariffs unlawful in February, and now companies are seeking refunds on the tariffs paid last year. Rio Tinto is leading the charge, claiming their US subsidiaries paid tariffs on imported goods, though only a portion qualifies for refunds. These moves come with risks, especially for big names like Rio, as Trump might notice. The US collected $129 billion in tariffs from April to December last year, and companies must file fast to beat strict deadlines and tough government defenses. Hundreds of firms worldwide are joining these claims, and Australian players hope their cases get bundled together for cheaper legal fights and low-profile cover.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/4d06dee5821bd6dd