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Trump administration has refunded $100 billion in tariffs struck down by Supreme Court, filing shows
NBC News • • business
Key Points:
- The Trump administration has refunded about $100 billion in tariffs collected before the U.S. Supreme Court invalidated those duties, according to a court filing from the U.S. Court of International Trade.
- This refunded amount represents over half of the $166 billion in tariffs struck down by the Supreme Court in February.
- Critics, including Rep. Greg Casar, argue that the refunds have been directed to corporate importers rather than American consumers, calling for the money to benefit households instead.
- The Supreme Court ruled that the International Emergency Economic Powers Act (IEEPA) does not give the president authority to impose tariffs unilaterally, leading Trump to escalate trade measures by imposing new tariffs under a different legal basis.
- Trump has faced legal setbacks and criticism for his tariff policies but has maintained tariffs as a key element of his foreign and trade agenda.
