US Customs Refunds $100 Billion in Trump Tariffs to Businesses

US Customs Refunds $100 Billion in Trump Tariffs to Businesses

The United States administration has refunded $100bn in “Liberation Day” tariffs to businesses through customs officials, representing roughly 60 percent of the total revenue collected under the policy. The massive payouts follow a February Supreme Court ruling invalidating the broad import levies introduced under emergency powers. The federal government has returned $100bn (£78bn) in tariff … Read more