Trump administration has refunded 60% of $165bn taken in illegal tariffs
Government has so far returned $100bn to companies from levies that US supreme court struck down
Source excerpt
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.
Tariffs, which are taxes on imported goods, have been a key part of Trump’s economic plan since he took office again last year.
In February, the supreme court struck down a chunk of the extra tariffs Trump had imposed, forcing the government to return money to the companies that had paid them.
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