Trump administration has paid $20bn in tariff refunds, with $65bn more to come (www.theguardian.com)

submitted 14 hours ago by MicroWave@lemmy.world to c/news@lemmy.world

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Refunds came after the supreme court ruled Trump overstepped his authority in enacting sweeping tariffs

US importers are expected to receive $85bn in tariff refunds after the supreme court struck down Donald Trump’s tariffs in February, according to US Customs and Border Protection (CBP), the agency that collects tariffs.

Importers and shippers have so far been refunded $20bn, according to court documents filed on Tuesday, with about $65bn more on the way.

After months of uncertainty and higher costs, American businesses largely welcomed the supreme court’s ruling that Trump overstepped his authority in enacting sweeping tariffs, including a baseline 10% tariff on all imports. It was the first time the highest court overruled Trump’s policies in his second term.

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[-] adarza@lemmy.ca 29 points 13 hours ago

Walmart said in an earnings call last week that it would probably put its tariff refunds toward lowering prices, pointing out that its lower-income customers were navigating increased financial distress.

yea, right. good one.

this post was submitted on 28 May 2026

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