Tariff Turbulence: A Lingering Legacy of Donald Trump's Trade Wars The Trump administration has agreed to repay $100 billion in "Liberation Day" tariff refunds to businesses, a move that has sparked relief among some importers and exporters but frustration among others.
The repayment accounts for about 60% of the total tariff revenue collected by the government under this policy, leaving nearly $40 billion unpaid.
The Supreme Court's February ruling that broad import tariffs introduced under economic powers were unlawful was seen as a major victory for businesses and consumers.