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Apple CEO Tim Cook said the company is seeking refunds for tariffs it previously paid under tariffs Donald Trump announced last year.
Apple is pursuing refunds for tariffs paid under Trump-era measures recently overturned by the Supreme Court.
KEY POINTS
- The Supreme Court's 6–3 decision found that IEEPA does not authorize broad presidential tariffs.
- Businesses could recover up to $166 billion in duties collected under the now-invalidated tariff framework.
- Apple plans to reinvest any tariff refunds into new U.S. innovation and advanced manufacturing projects.
COMPANIES
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