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The Supreme Court struck down approximately $166 billion in import levies that the Trump administration collected under the International Emergency Economic Powers Act (AIPA).
Acting Attorney General Todd Blanch stated that the Justice Department is not moving forward with the 'anti-weaponization fund'.
Representative Rosa DeLauro asserted that as part of a deal related to the 'anti-weaponization fund', the IRS agreed to drop all pending and future probes of Donald Trump and his family, providing an estimated $100 million in tax immunity.
A jury found short seller Andrew Left guilty on 13 of 17 counts of using social media posts to manipulate stocks.
Andrew Left made over $20 million in trading profits from the stocks at issue in his market manipulation case between 2018 and 2023.
The Trump administration has filed a notice to appeal a court order that compels customs authorities to recalculate all import taxes collected under the International Emergency Economic Powers Act (AIPA).
Customs and Border Protection has refunded or is processing refunds for about $85 billion in AIPA tariffs for entries that were never finalized, but claims it lacks authority to refund finalized entries without a court order.
The Court of International Trade struck down the 10% universal tariffs imposed under Section 122 in a 2-to-1 decision.
The Trump administration is expected to replace the expiring Section 122 tariffs with new tariffs under Section 301 of the Trade Act, aiming to have them in place by July 24th.
The Trump administration's proposed $1.77 billion 'anti-weaponization fund' is being held up in the courts to determine its legality.
Andrew Left intends to appeal his conviction on the grounds that it is a free speech matter.
Legal experts believe the conviction of Andrew Left will have a chilling effect on the short-selling industry.