Trump Administration Refunds $100 Billion in Tariffs Struck Down by Supreme Court
The Trump administration has refunded $100 billion in tariffs, dubbed 'Liberation Day' tariffs, to businesses after they were struck down by the US Supreme Court. This represents a significant portion of the total tariffs collected.
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Trump administration pays back $100bn in 'Liberation Day' tariffs to businesses
It represents roughly 60% of all tariff revenue collected under the policy, with billions still to be repaid.
Read full article →Trump administration has paid back 60% of $165bn in tariff refunds
Government has so far returned $100bn to companies that paid levies US supreme court ruled illegal Business live – latest updates 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,...
By Lauren Almeida
Read full article →Trump administration refunds $100bn in tariffs struck down by Supreme Court
Move comes after the US Supreme Court struck down many of Trump's sweeping levies in February.
Read full article →Trump admin. refunds $100 billion in 'liberation day' tariffs
The Trump administration has taken steps to effectively re-create the IEEPA tariff regime using other legal authorities. They already face court challenges.
Read full article →Trump administration refunds $100 billion in tariffs struck down by US Supreme Court
In a significant move, the Trump administration has reimbursed nearly one hundred billion dollars in tariffs after the Supreme Court ruled against wide-ranging duties. By July, around sixty percent of these tariffs were refunded to importers. The court's decision emphasized that the existing law did not provide blanket authority for imposing tariffs. Moving forward, Trump is leveraging alternative legal channels to impose new tariffs.
By TRISHA MAHAJAN
Read full article →US Refunds $100 Billion Of Trump's 'Liberation Day' Tariffs
The refunds constitutes about 60 percent of some $166 billion the Trump administration collected after invoking the International Emergency Economic Powers Act to impose duties.
Read full article →Trump’s ‘Liberation Day’ tariff refunds hit $100bn
Donald Trump’s administration has paid back $100bn (£78bn) in “Liberation Day” tariff refunds to businesses through US customs officials. This represents roughly 60% of all tariff revenue collected by the government under the policy, according to a recent court filing from US Customs and Border Protection. However, a significant chunk of money remains unpaid. Nearly […]
By Kenneth Darko
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