"Trump's Tariff Payback: Supreme Court Ruling Sparks Massive Refund. In a stunning reversal, the US government has refunded nearly $100 billion in tariffs collected under the Trump administration's "liberation day" tariffs, which the Supreme Court later ruled were illegal. The massive refund, equivalent to 60% of the total $165 billion collected, is a significant blow to the Trump-era trade policies that sparked widespread controversy and trade wars. As the US government continues to grapple with the aftermath of the Supreme Court's decision, the refund highlights the complex and often contentious nature of international trade and the lasting impact of Trump's tariffs on the global economy."
More than half of tariff income refunded after supreme court ruled Trump’s levies were illegalBusiness live – latest updatesThe Trump administration has refunded about $100bn from the tariffs it collected before the US supreme court ruled them illegal, according to reports.The $100bn (£74bn) figure, which represents 60% of the total $165bn collected from Donald Trump’s “liberation day” tariffs, was reported by customs officials to the US court of international trade (CIT) on Tuesday, according to the Financial Times. Continue reading...
