Trump administration refunds $100 billion in IEEPA tariffs

Free daily briefing on global business news.

The $100 billion represents about 60% of the roughly $166 billion collected under the tariffs the Supreme Court struck down in February

Chen Mengtong/China News Service/VCG via Getty Images

The Trump administration has refunded approximately $100 billion in tariffs collected under the International Emergency Economic Powers Act before the Supreme Court struck down that authority in February, according to a court filing Tuesday.

Brandon Lord, executive director of the Trade Programs Directorate at U.S. Customs and Border Protection, disclosed the figure in a declaration filed with the U.S. Court of International Trade. Lord said the refunds — covering duties plus interest — have been certified and sent to the Treasury Department for disbursement. CBP's financial accounting system confirms that Treasury is regularly paying them out, he said.