뉴스

JSSSTU Open Day attracts over 20,000 students and parents

Trump plans to appeal order on tariff refund

NEW YORK: Businesses big and small have started receiving tariff refunds after the U.S. Supreme Court ruled that President Donald Trump lacked the constitutional authority to impose higher import taxes on goods from nearly every other country.The process could grind to a halt, however, after the Trump administration said Friday that it intended to appeal a federal judge's order to allow all companies that paid the invalidated duties to seek refunds, not just the ones that filed lawsuits.Until the Department of Justice informed the judge of its planned appeal, the refund system overseen by U.S. Customs and Border Protection had been working fairly smoothly. Refunds reached the bank accounts of the first successful applicants on May 12, about three weeks after importers and their customs brokers could start submitting claims through an online system, according to CBP.Applications for refunds totaling $85 billion - more than half of the $166 billion the agency estimated the government owes to companies that paid the tariffs on imported goods - were accepted for processing as of May 22, CBP reported in a legal filing earlier in the week. It said it had so far directed the Treasury Department to issue $20.6 billion in refunds.Also read | US probes Reid Hoffman group over funding lawsuits against Trump, source saysThe administration revealed its appeal preparations while objecting to a demand by Judge Richard K. Eaton for CBP Commissioner Rodney Scott to appear in the U.S. Court of International Trade to answer questions about how long it would take to repay all 330,000 importers that might be eligible for refunds. The judge scheduled a June 9 hearing on why he shouldn't require the government do whatever it takes to speed up the process.Justice Department lawyers asked Eaton to allow one or two of Scott's deputies to appear in his place, arguing that as a high-ranking presidential appointee, the CBP chief could not be compelled to testify. They also argued that Eaton exceeded his authority when he determined in March that the Supreme Court's ruling entitled "all importers of record'' to refunds."For that reason, defendants intend to appeal the court's universal injunction," the lawyers wrote, adding that CBP would continue to move "as quicky as it can to process refunds in a phased approach" for businesses that filed legal complaints asserting their rights to refunds.In a written reply, Eaton said he needed to hear directly from Scott whether the government would return all of the money it collected between when Trump put what he called "reciprocal" tariffs on most countries in April 2025 and when the Supreme Court struck them down in late February."It is undisputed that the remedy for this unlawful collection is for the United States government to refund the unlawfully collected duties," the judge wrote.Refunds coming in phasesMore than 1,000 companies, including large ones like Costco, Goodyear Tire, banana and pineapple distributor Dole Fresh Fruit, and department store chain Kohl's, filed lawsuits to recoup their tariff costs. The judge said Wednesday he intended to allow cases he put on hold while CBP figured out how to handle refund claims - they numbered 485 in mid-March - to proceed.Also read | Minority union at Samsung Electronics to challenge pay deal in courtCustoms and Border Protection is handling refund claims in phases, focusing first on payments that weren't finalized before the Supreme Court handed down its 6-3 decision. CBP officials have said those later payments were more straightforward to process.Importers are required to make estimated tariff payments when goods enter the U.S. The declared items then enter a process called "liquidation," in which CBP determines how much in import taxes was owed. The decision becomes final after 180 days unless the payer contests the bill.In Friday's filing, the Justice Department said the agency did not have the technological ability or the legal authority to recalculate liquidated accounts without "importer-specific orders" in each lawsuit.Price cuts promisedSome national retail chains said they planned to use their tariff refunds refunds to lower customer prices on some items. Walmart Chief Financial Officer John David Rainey told analysts last week that the company would implement price cuts even though the maximum refund it might be eligible for represented less than half of 1% of Walmart's $483 billion in annual U.S. sales.Costco intends to return the tariff costs that it passed on to members, CEO Ron Vachris said. How much of its refund the big-box retail chain redistributes, when and in what form, depends on factors such as the size of the refund, when it arrives, and developments in a lawsuit seeking tariff compensation for Costco customers, Vachris told investors Thursday.Consumers could first see refunds from shipping companies such as FedEx, UPS and DHL, which acted as customs brokers when they delivered products ordered from overseas. The companies charged either the sellers that shipped the packages or the buyers who received them and turned the tariffs they collected over to CBP.All three promised to return any refunds they get to the customers that paid the import taxes. Last week, FedEx said it was "working to swiftly process refunds and return them to the shippers and consumers who originally bore those charges."Putting refunds back into the businessThe Supreme Court invalidated only the country-by-country tariff rates Trump set by citing the 1977 International Emergency Economic Powers Act. Others he imposed under different rationales remain in effect. Trump also has moved to introduce new tariffs since the court's Feb. 20 ruling.Some smaller companies told The Associated Press that the tariff refunds they've received so far would go toward paying remaining or future tariffs or getting back on solid financial footing after more than a year of uncertainty and additional costs.Jay Foreman, CEO of toy company Basic Fun, said he received about $450,000, or 7% of his total claim, over two consecutive days. He took the repayment as a positive sign but said that after having less than $10,000 refunded since then, the process seemed like a "total slow roll.""It's time to release the funds back into the economy, especially given how much we and others need these funds to support our businesses and fund our operations," Foreman said.Men's grooming brand Manscaped has received about 30% of the $12 million in refunds it applied for, President Kevin Datoo said. He said the San Diego company deferred investments and took on debt to pay tariffs on imports from Indonesia, China and elsewhere in Asia last year."We need to shore up the balance sheet because there's still a whole second chapter here," Datoo said.Melkon Khosrovian, who owns Greenbar Distillery in Los Angeles, said he applied for a tariff refund of about $90,000 for 17 different shipments and has received $18,000 covering four of them. Certain types of herbs, spices and packaging are hard to find domestically, so Khosrovian said he imports them.The tariffs were "painful," he said. He invested money to automate his bottling process last year so he wouldn't have to pay as many workers. The move allowed him to reduce his 13-person staff by three, but Khosrovian noted that the White House had argued the tariffs would create more U.S. manufacturing jobs."Our choices were bad and worse: raise prices and lose customers, or keep prices the same and not make any money," he said.

Tank blast rocks Washington mill town

LONGVIEW, Wash: From his living room window, Washington state Sen. Jeff Wilson can see the paper mill where a chemical tank ruptured this week in Longview, killing 11 people. He used to perform work there as the owner of an environmental cleanup company, and when he heard the sirens go past, he called his son, who works on the larger industrial site, to make sure he was safe."I personally have been inside that tank and near that tank many times," said Wilson, who has lived in Longview for 56 years. "I can assure you that we all know somebody there. ... The casualties are our friends and neighbors."The tank, which contained more than 500,000 gallons (1.9 million liters) of a mixture used to break down wood for making paper, collapsed Tuesday morning at the Nippon Dynawave Packaging Co. The rupture expelled a flood of caustic chemicals powerful enough to overturn pickup trucks and damage buildings at the site.Also Read: Six dead, several injured as part of under-construction bridge collapses in Uttar PradeshThe chemical disaster, one of the deadliest U.S. workplace accidents in recent decades, has struck at the heart of a community where generations of families have worked in local mills. Longview itself was founded by a timber baron to support the first mills established there, and over its roughly century-long history, residents' lives have become intertwined with the lumber and paper industries.Supporting victims and worrying about the futureAmid immediate concern about supporting grieving families, there is also worry about what the accident could mean for the future of the plant: It provides crucial jobs in an industry that once powered the forested region but has dwindled in recent decades.The plant's parent company, Tokyo-based Nippon Paper Group, said in a statement that it was assessing the accident's impact on its financial performance."Last night at the vigils, people who work in mills told me that they're proud of their jobs and they're proud of their work, and they don't want to lose it," U.S. Rep. Marie Gluesenkamp Perez, whose district includes Longview, told reporters Wednesday.Residents who spoke with The Associated Press similarly highlighted how important those jobs are for the city."If you're a waitress, a grocery store worker, a teacher, a paraeducator as I was for 30 years - every walk of life here knows somebody and is related to somebody from these mills," Cindy Stiebritz said in the antiques store where she volunteers.Generations in the millsStiebritz said her husband's parents met while working at the lumber company owned by the city's founder, Robert A. Long."Those mills, that is the backbone of this town," Stiebritz added. "You feel like you've lost part of your family."Longview's industrial zone lies along the Columbia River and hosts timber, paper and chemical businesses. Many residents in the city of nearly 40,000 can see the facilities or the steam from the boilers from their homes, or smell the sulfuric odor of the pulp and paper industry.The city's mill history is also imprinted on its downtown, where R. A. Long Square serves as a central landmark and gathering place, including for the vigil held after the disaster. A park around a man-made lake, another project of Long, features a burst of greenery where pedestrians enjoy its walking paths or the nearby tree-lined streets.Authorities said the cause of the tank's collapse is still under investigation. The facility, which dates to 1953 and employs about 1,000 people, makes material for tissues, printing paper, cups, plates, cartons and other goods.According to fundraisers organized for the victims' families, those who lost their lives include a grandfather who was always willing to help anyone; two brothers, one of whom was the sole provider for his partner and three children; and a husband who left behind two children and a wife with a baby on the way.Brianna Pesio, a server at the Mill City Grill downtown, said her father has worked at the plant for over 30 years. She described the fear Tuesday morning when her brother, who works at the lumber mill next door, told her he couldn't get a hold of him."I just didn't know if I lost my dad or not," said Pesio, whose husband also works in a paper mill. "I drove over to my dad's house and pounded on his door until he did wake up. He had just gotten off shift at 5 a.m."At the nearby Country Folks Deli, longtime server Gayle Leavitt said her in-laws also worked at the mill for decades, adding: "That's how this town has survived."'This is not the virtual world'Officials representing the area echoed the pride residents take in the mills and the economic importance of their good-paying jobs in a region where other areas have been hit hard by the decline of the timber industry."This is a place where real people make real things. This is not the virtual world," state Rep. Jim Walsh said at a news conference at the plant on Tuesday. "Real things and real industry always carries risks. But it's our job to make sure that risk like this is well managed and, to the extent it can be, controlled."Stiebritz, the antiques shop volunteer, said she hopes authorities find out the cause "so it never happens again.""If anything comes out of it, I hope lives can be saved," she said, tearing up as she thought of the children who have lost their parents."This town is family. It's one big family," she added. "But we'll make it though. We're strong. We've got a lot of love."

A game of thorns for gaming co directors

Mumbai: After a crushing court defeat, India's money gaming fraternity is now dreading whether the taxman would come after the companies' directors.The law allows the goods and service tax (GST) authorities to recover dues from board members of private limited companies if unpaid tax, interest, or penalty cannot be salvaged from the entities.Most real money gaming platforms were run by closely-held companies. While a director can escape personal liability if he demonstrates that the unpaid tax was not caused by gross neglect and wilful misstatement, many show cause notices, which triggered the legal feud, allege fraud and suppression of facts.Also read | Billionaire's FOMO: Ultra-rich pouring money into AI stackIn cases of frauds, the tax office can levy penalty of 100% of the tax demand. Platform managements are hoping for some relief from the fine print in Wednesday's Supreme Court (SC) judgement which upheld GST authorities stand to impose 28% tax on full value of bets. The ruling is yet to be released.By validating the SCNs, the SC effectively overturned earlier lower court rulings favouring gaming companies and dismissed the argument that 'games of skill' require different tax treatment under the GST framework for actionable claims.The GST Act provides for extended limitation period, enabling the department to issue SCNs up to five years from the due date of filing the relevant annual return in cases of fraud.131377275According to Ritesh Kanodia, partner, Aurtus Consulting, "There is strong legal support, including Supreme Court rulings, that when a matter involves a complex interpretation of the law, it cannot be treated as fraud or suppression. In this case, there was genuine ambiguity on whether GST applies at all and, if it does, on what value. Even the Karnataka High Court had earlier ruled in favour of taxpayers, which shows that the issue was debatable. Because of this, there is a strong argument that the 100% penalty may not be justified, thoughthe normal penalty (around 10%) may still apply."Ashish Karundia, founder of the eponymous CA firm, agreed that notices invoking the extended limitation period can certainly be challenged. "To sustain demands under Section 74, the department must establish fraud, wilful misstatement, or suppression with intent to evade tax. Gaming companies are likely to argue that their operations, filings, and transaction trails were fully disclosed, and that the dispute pertains purely to legal interpretation rather than any concealment of facts," said Karundia.If the department eventually chases the directors, it has to send separate notices and examine their roles individually.Also read | A blueprint for West Bengal’s evolution from an entrepot to a production hubHowever, for earlier periods (July 2017 to March 2020), companies may be eligible for the Government's amnesty scheme, which provides a full waiver of interest and penalties, provided fraud is not established (i.e., a Section 74 notice [100% penalty] gets converted into a Section 73 Notice [10% penalty]). So, in many cases, companies may ultimately end up paying only the tax amount, said Kanodia.The companies have sought 12 weeks to reply to the adjudication panel in the GST department which would be followed by final tax demands and appeals before higher courts.The GST law was amended in 2023 to make online gaming, casinos, and horse racing taxable at 28% on the full face value of bets, regardless of whether it's game of skill or chance. These changes, applied retrospectively, imposed liabilities for past periods when the law was not explicit. Before 2023 companies were paying 18% tax on the fees platforms collected.Last year, the government hurriedly enacted the Promotion and Regulation of Online Gaming (PROG) Act, 2025 that completely prohibits online money games. The SC order on Wednesday not only puts a large financial burden on gaming companies but may also weaken their argument that since gaming is a state subject, the activity cannot be banned by a central law.