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Trump administration has paid back 60% of $165bn in tariff refunds

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Government has so far returned $100bn to companies that paid levies US supreme court ruled 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,...

Government has so far returned $100bn to companies that paid levies US supreme court ruled illegal

The 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.

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Originally published by The Guardian Business Read original →