US refunds $100B in Trump-era tariffs
A legal document confirmed that the Trump administration had reimbursed approximately $100 billion in tariffs it had imposed before the Supreme Court canceled those tariffs, with the amounts sent to the U.S. Department of the Treasury by the end of July. This amount exceeded half of the total tariffs canceled by the court, which totaled $166 billion. Despite criticism from many analysts and Trump's continued escalation of his trade policies through new tariffs of 10% and tariffs under Section 301, legal prudence led to the cancellation of many of these tariffs. Critics, however, argue that the tariff revenues did not reach ordinary citizens but instead benefited importing companies.
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