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 s

The repayments represent roughly 60% of all tariff revenue collected by the US government under the policy,

A group of 25 states have labelled the president's newest global tariffs as "arbitrary, capricious, and contrary to law."

The Trump administration has taken steps to effectively re-create the IEEPA tariff regime using other legal authorities. They already face court challenges.

More than half of tariff income refunded after supreme court ruled Trump’s levies were 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 represen