Business & Finance
Not Done Yet Refunding Tariffs or Realizing AI’s Promise
Key Points
Not Done Yet Refunding Tariffs or Realizing AI’s Promise Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I’m David Westin, and this week we told the stories of small companies’ journey to get tariff refunds and of corporations figuring out how to use AI. If you’re not yet a subscriber, sign up here for this newsletter.
Not Done Yet Refunding Tariffs or Realizing AI’s Promise
Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I’m David Westin, and this week we told the stories of small companies’ journey to get tariff refunds and of corporations figuring out how to use AI. If you’re not yet a subscriber, sign up here for this newsletter.
When the Supreme Court struck down President Trump’s “Liberation Day” tariffs, US importers had already paid over $160 billion, all of which needs to be returned to those who paid it. But that’s easier said than done. Wine importer Victor Schwartz, a lead plaintiff in the case, says “it was kind of head spinning. What was coming next? When was it coming?” Schwartz was represented by the Liberty Justice Center, whose head, Sara Albrecht, hasn’t been surprised by the difficulty of what followed the win: “I knew the biggest battle was going to be after we left the courtroom.”