Businesses can apply online through a portal for refunds expected to total $160bn.

A refund system for businesses that paid tariffs ruled unconstitutional by the U.S. Supreme Court is scheduled to launch Monday.

Follow the latest news on the major headlines of the day.

Trump administration launched online portal on Monday after supreme court struck down tariff policy earlier this year

The Trump administration will begin refunding $166 billion the government collected through tariffs the U.S. Supreme Court ruled illegal.

Businesses can apply online through a portal for refunds expected to total $160bn.

U.S. importers, such as Walmart and Target, could be in line for billions in tariff refunds as the government launches its claims-filing portal on Monday.

U.S. importers who paid tariffs the Supreme Court ruled illegal are nearing refunds, but shoppers who paid higher prices likely won’t see one.

More than $160 billion in tariff refunds are due for U.S. importers.