Federal judge rules US companies entitled to tariff refunds

NEW YORK (KYMA, CBS) - A ruling on Wednesday said tariff refunds may go back to U.S. companies.

The ruling stated U.S. companies that paid tariffs invalidated by the Supreme Court are legally entitled to refunds.

This follows the high court's decision from February, stating President Trump lacked the authority to impose tariffs under the International Emergency Economic Powers Act.

While answering questions at the White House on Tuesday, President Trump said, "We've instituted a 15% on everybody...Honestly, it's made us very rich as a country, right, so it's been doing good."