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Importers’ tariff refunds have been overstated by billions due to ‘inadvertent error’
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleA new report reveals the Trump administration inflated the value of its tariff refunds by over $10 billion. U.S. Customs and Border Protection (CBP) confirmed that approximately $20.6 billion in refunds are currently being processed for importers. An earlier estimate of $35.5 billion was found to be overstated by about $10 billion due to an "inadvertent error" in the data query, with the correct figure closer to $25 billion. These refunds stem from a Supreme Court ruling that struck down the president's authority to impose global tariffs, paving the way for billions in compensation. Economists have indicated that American companies and consumers largely paid for these tariffs, with the refunds primarily benefiting importers rather than individual consumers. In fullReport on how much of Trump tariffs have been refunded was overstated - by $10 billionThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
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supplychaindive.com
CBP raises accepted tariff refunds to $85B
As of May 22, about $20.6 billion in certified refunds with interest have been completed through Customs and Border Protection’s dedicated portal.
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CBP raises accepted tariff refunds to $85 billion
As of May 22, about $20.6 billion in certified refunds with interest have been completed through Customs and Border Protection’s dedicated portal.
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cryptobriefing.com
US Customs and Border Protection announces $20.6B in tariff refunds for importers
US Customs and Border Protection has certified $20.6B in tariff refunds to importers after the Supreme Court invalidated IEEPA tariffs, with up to $85B expected.
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thehindubusinessline.com
US says $20.6 billion of tariff refunds on the way to importers
US announces $20.6 billion in tariff refunds for importers using a new claims portal, despite earlier reporting errors.
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independent.co.uk
Report on how much of Trump tariffs have been refunded was overstated by $10 billion
US officials blamed ‘an inadvertent error’ for the inflated refund figure
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nbcnews.com
$20 billion in tariff refunds paid so far, with more on the way
The Trump administration said more than 4,000 importers who applied for refunds had not provided the bank information needed to process their refunds.
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Importers’ tariff refunds have been overstated by billions due to ‘inadvertent error’
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or…
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theguardian.com
Trump administration has paid $20bn in tariff refunds, with at least $65bn more to come
Refunds came after the supreme court ruled Trump overstepped his authority in enacting sweeping tariffs