Trump admin refunds $100 billion in 'liberation day' tariffs

Key Points:

• The Trump administration has refunded about $100 billion of the $166 billion collected from tariffs imposed under the International Emergency Economic Powers Act (IEEPA), following a Supreme Court ruling that struck down these tariffs.
• The tariffs, implemented in 2025, were scrapped after the Supreme Court ruled that IEEPA did not authorize them, and a federal judge ordered refunds to importers.
• The administration has introduced a system called Consolidated Administration and Processing of Entries (CAPE) to manage and deliver tariff refunds, processing over 25 million import entries and certifying nearly $129 billion in refunds so far.
• Despite the refund efforts, legal challenges continue as the Trump administration attempts to re-establish similar tariffs using other legal authorities, with ongoing court disputes over these new methods.
• A lawsuit filed by importer Freestyle World seeks class action status on behalf of smaller businesses facing difficulties obtaining refunds, but the government argues the request is untimely and invalid; overall, many importers still await refunds from the more than 53 million tariffed entries.