August 6, 2026 10:58 AM
US processes $100 billion in refunds after Supreme Court strikes down Trump’s ‘Liberation Day’ tariffs
The United States has processed refunds worth about USD 100 billion for tariffs imposed under President Donald Trump's "Liberation Day" trade measures after they were struck down by the US Supreme Court, according to a court filing by US Customs and Border Protection (CBP). The exercise marks one of the largest tariff refund efforts in the agency's history. The refunds relate to additional ad valorem duties imposed under the International Emergency Economic Powers Act (IEEPA), which the Supreme...


