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A US judge warned that the Justice Department's appeal could disrupt Trump's tariff refund process.

According to Mars Finance, on June 5th, a federal trade judge made a rare public statement regarding the Trump administration's appeal against its tariff refund order, escalating the legal battle between the two sides over the authority to issue refunds. U.S. Court of International Trade Judge Richard Eaton responded directly to the Justice Department's appeal in an open letter on Wednesday, questioning the government's legal position and warning that intervention by the appeals court could impact the online application system that has already processed at least $85 billion in refunds. The Justice Department subsequently responded that day, stating that it established the online refund system "in its own authority," attempting to distance itself from Judge Eaton's tariff refund ruling. The core argument of the Justice Department's formal appeal this week is that CBP has no legal right to reopen "finally cleared" import declarations, and Eaton has no right to issue refund orders to importers who did not independently file lawsuits in the trade court. The outcome of this case directly affects whether approximately 330,000 importers who paid disputed tariffs can successfully receive refunds, with particular attention focused on the application obstacles faced by small and medium-sized enterprises.
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07-02 17:03Important

The US Department of Justice extradited members of the Scattered Spider hacking group involved in a cryptocurrency ransomware attack that exceeded $100 million.

According to Mars Finance, on July 2nd, the U.S. Department of Justice announced the extradition of 19-year-old Peter Stokes, a dual U.S. and Estonian citizen, from Finland. He is accused of being a member of the hacking group Scattered Spider (also known as Octo Tempest, UNC3944, and 0ktapus). Prosecutors allege that the group committed over 100 cyber intrusions, obtaining over $100 million in cryptocurrency ransom and causing millions of dollars in business disruptions, evidence collection, and system recovery losses. The indictment states that Peter Stokes was arrested in Finland in April 2026 under an Interpol Red Notice, extradited to the United States last week, and made his first court appearance in Chicago federal court on July 1st. He currently faces multiple charges, including conspiracy, unlawful intrusion into computer systems, and fraud. Prosecutors also allege that Peter Stokes participated in an attack on a luxury jewelry retailer in May 2025, stealing company data and demanding approximately $8 million in cryptocurrency ransom. The victimized company did not pay the ransom, but still suffered losses exceeding $2 million due to business disruptions and system repairs. The U.S. Department of Justice stated that this case was part of the FBI's "Operation Riptide" operation against cybercrime, reflecting the ongoing efforts by law enforcement to strengthen international cooperation in combating ransomware and cybercrime using cryptocurrencies.

07-02 08:02

The U.S. Treasury Department released the investment portfolio of the "Trump Account," which primarily invests in broad-based S&P 500 ETFs.

PANews reported on July 2nd that, according to Jinshi, the U.S. Treasury Department announced today the investment portfolio for the "Trump Account," including the initial default investment plan to be launched, and four additional low-cost index fund options to be available to stakeholders in the coming months. Upon account launch, all funds deposited into the "Trump Account" will be invested in the State Street SPDR Portfolio S&P 500 ETF (SPYM).

06-27 00:26

Trump: If European countries impose digital services taxes on American companies, they will be subject to 100% tariffs.

Odaily Odaily reports that US President Trump stated that many European countries have been discussing imposing a digital services tax on US companies. Some of these countries are close to implementation. He hereby declares that any country imposing such a tax will immediately impose a 100% tariff on all goods exported to the United States. (Jinshi)

06-25 23:11

A US judge halted Trump's executive order on mail-in voting.

Odaily Odaily reports that a federal judge in the Boston area has halted the implementation of President Trump's executive order aimed at tightening mail-in voting rules, preventing it from taking effect before the November election that will determine control of Congress. U.S. District Judge Indira Talwani supported the argument of a Democratic-led coalition of states that Trump is attempting to illegally interfere with states' administration of federal elections. The judge pointed out that the president has no authority to compile voter lists for each state, and the U.S. Postal Service has no legal authorization to set binding rules for mail-in voting. According to the U.S. Constitution, the responsibility for administering federal elections rests with the states. (CCTV)

06-24 19:54

The U.S. Department of Justice seized accounts belonging to HSBC suspected of laundering billions of dollars.

Mars Finance reports that the U.S. Department of Justice has announced the seizure of an account that provided backend infrastructure for a subsidiary of Cambodia's Huione Group. Prosecutors stated that the account assisted in operating the Telegram marketplace Huione Guarantee, which facilitated data theft, money laundering services, and tools for Southeast Asian fraud operators. Additionally, FinCEN took action on the same day to extend the existing Huione ban to its successor entity, H-Pay Service PLC, to prevent the group from circumventing U.S. restrictions. According to court documents, the escrow services operated by the account also assisted criminals, including money launderers, in cryptocurrency transactions. The case is currently being investigated jointly by the FBI's San Francisco office and the IRS Criminal Investigation Department.

06-24 18:44Important

Trump makes a series of major statements in 24 hours: pressuring Iran, attacking oil companies, and proposing an investigation into high oil prices.

According to Mars Finance, on June 24th, US President Trump made a series of statements in the past 24 hours regarding the situation in Iran, the energy market, and government personnel appointments. On the Middle East issue, Trump stated that the US is pushing for a "fair agreement" with Iran to end the conflict in the Strait of Hormuz, and reiterated that "Iran cannot possess nuclear weapons." He claimed that Iran has agreed to long-term, even permanent, top-level nuclear inspections, and warned that if Iran refuses inspections, there will be no further negotiations. Meanwhile, regarding Iran's denial of arranging visits by IAEA inspectors, Trump responded that Iran's statement was "wrong," and that inspectors will enter Iran at the appropriate time. Trump also criticized the US Senate's push for a vote on the War Powers Act, which limits presidential war powers, saying that this sends a weak signal to Iran and increases the difficulty of subsequent negotiations. On the energy front, Trump accused major oil companies of failing to fully pass on the drop in crude oil prices to gas station retail prices, claiming that consumers are being "ripped off," and stated that he has instructed the US Department of Justice to immediately launch an investigation. Furthermore, according to sources, White House domestic policy advisor Heidi Overton has been identified as a candidate for commissioner of the U.S. Food and Drug Administration (FDA). Separately, the FIFA president revealed that Trump will attend the World Cup final in New Jersey on July 19th and present the trophy to the winning team.