This leaves just $66 billion left of the total tariff money that has not been refunded
U.S. refunds 100 billion USD in "Liberation Day" tariffs-
Government has so far returned $100bn to companies from levies that US supreme court struck down
The refunds follow a February US Supreme Court 6-3 ruling stating that Trump had acted beyond the Congress’ tax-setting authority and had no constitutional authority to impose these import taxes.
The Trump administration revealed it refunded about $100 billion in tariffs it collected before the Supreme Court ruled that doing so violated law.
Critics complain that refunds from the tariffs, which Trump has made a central pillar of his foreign and trade policies, are going to companies rather than American households.
The Trump administration has reimbursed 60% of the $165bn in tariffs deemed illegal by the US supreme court, returning $100bn to affected companies.
The Trump administration has taken steps to effectively re-create the IEEPA tariff regime using other legal authorities. They already face court challenges.
The $100 billion represents about 60% of the roughly $166 billion collected under the tariffs the Supreme Court struck down in February
That’s more than half of the $166 billion owed to thousands of American businesses who paid the tariffs that were struck down by the Supreme Court.
The refunded amount represents about 60% of the roughly $166 billion collected by the government under the tariffs
Donald Trump collected about $166 billion in tariffs the Supreme Court ultimately deemed illegal.
The Trump administration has refunded approximately $100 billion in tariffs. This action follows a Supreme Court decision that invalidated many of his duties. Importers who paid…
WASHINGTON, Aug 6 — US President Donald Trump’s administration has refunded about US$100 billion in tariffs since the Supreme Court struck down a wave of his duties this year,...
Move comes after the US Supreme Court struck down many of Trump's sweeping levies in February.
U.S. President Donald Trump's administration has refunded about $100 billion in tariffs since the Supreme Court struck down a wave of his duties this year, court filings show.
Donald Trump's administration has refunded about $100 billion in tariffs after the US Supreme Court struck down a broad set of duties imposed under an emergency economic law,…
The refunds follow a February US Supreme Court 6-3 ruling stating that Trump had acted beyond the Congress’ tax-setting authority and had no constitutional authority to impose…
The funds were sent to the Treasury Department for disbursement, marking a refund of over half of the billions collected in tariffs.