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South China Morning Post
South China Morning Post
AsiaPac · 1 hrs ago
US finalises US$35.5 billion in refunds for illegal Trump tariffs
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US finalises US$35.5 billion in refunds for illegal Trump tariffs
The US customs agency has ⁠processed refunds including interest ⁠worth US$35.46 billion as of ⁠May 11 for tariffs imposed by President Donald Trump last year that were deemed illegal, according to a Tuesday court filing. As of 7am on May 11, ‌the US Customs and Border Protection had received 126,237 applications for refunds covering an undisclosed number of shipments or entries, according to the court filing. The agency said it had validated 86,874 of those applications covering 15.1 million...
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