The Daily Beast
US · 18 mins ago
Trump Hit With $100 Billion Humiliation After SCOTUS Ruling
Evelyn Hockstein / REUTERS
The Trump administration has officially refunded about $100 billion in illegally obtained tariff revenue—and there’s still much more to be paid back.
The administration’s action is the result of the Supreme Court’s February ruling that the “reciprocal” tariffs Trump announced on “liberation day” under the 1977 International Emergency Economic Powers Act were unconstitutional.
For many companies that had to import costlier foreign goods, Tuesday marked their…
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