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Trump administration just handed out $100,000,000,000 in ‘Liberation Day’ tariff refunds, but another massive payout is trapped in a review
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Attack of the Fanboy
US Customs and Border Protection has processed and paid out $100 billion in Liberation Day tariff refunds to businesses across the country, according to a report from the BBC.
The court did not explicitly order immediate refunds, but the ruling effectively classified the collected tariffs as illegal, opening the door for businesses to file claims.
BREAKING: 🇺🇸 The Trump administration has refunded roughly $100 billion in “Liberation Day” tariffs, according to U.S. customs officials.
That’s about 60% of the $165 billion collected from American importers before the tariffs were struck down by the Supreme Court.
Following the February ruling, the Trump administration introduced a 10 percent universal tariff as a temporary measure.