The U.S. Supreme Court struck down the sweeping tariffs President Donald Trump imposed in a series of executive orders, but what happens to the more than $130 billion in import taxes collected?Stay up-to-date: The latest headlines and weather from WPBF 25″It’s a lot of money, and there’s hundreds of thousands of U.S. companies that will receive the money that they’ve already paid,” said Peter Quinter, the chair of the U.S. customs and international trade law group at Gunster law firm.Quinter is also a former employee of U.S. Customs and Border Protection.He said all U.S. importers should expect a pay day.”Mostly companies pay it. You know, the Costcos and Walmarts and Targets and others. And right down to your small mom-and-pop companies. They all pay customs duties. Some will get a few thousand dollars back, and some companies will get tens of millions of dollars back from the U.S. government,” Quinter said.Your neighborhood: Local coverage from WPBF 25 NewsHe said Florida’s companies can expect a big piece of the pie.”Florida’s, you know, the third largest state in the country. We have tens of thousands of import companies. All of those companies are entitled to refunds,” Quinter said. “It’s going to be great for the economy, $150 billion back to the U.S. economy.”As far as when companies can expect to get that money back, Quinter said the case is going to be sent back to the U.S. Court of International Trade, and then it could take anywhere from six months to a year and a half.Get the latest news updates with the WPBF 25 News app. You can download it here.

PALM BEACH GARDENS, Fla. —

The U.S. Supreme Court struck down the sweeping tariffs President Donald Trump imposed in a series of executive orders, but what happens to the more than $130 billion in import taxes collected?

Stay up-to-date: The latest headlines and weather from WPBF 25

“It’s a lot of money, and there’s hundreds of thousands of U.S. companies that will receive the money that they’ve already paid,” said Peter Quinter, the chair of the U.S. customs and international trade law group at Gunster law firm.

Quinter is also a former employee of U.S. Customs and Border Protection.

He said all U.S. importers should expect a pay day.

“Mostly companies pay it. You know, the Costcos and Walmarts and Targets and others. And right down to your small mom-and-pop companies. They all pay customs duties. Some will get a few thousand dollars back, and some companies will get tens of millions of dollars back from the U.S. government,” Quinter said.

Your neighborhood: Local coverage from WPBF 25 News

He said Florida’s companies can expect a big piece of the pie.

“Florida’s, you know, the third largest state in the country. We have tens of thousands of import companies. All of those companies are entitled to refunds,” Quinter said. “It’s going to be great for the economy, $150 billion back to the U.S. economy.”

As far as when companies can expect to get that money back, Quinter said the case is going to be sent back to the U.S. Court of International Trade, and then it could take anywhere from six months to a year and a half.

Get the latest news updates with the WPBF 25 News app. You can download it here.