Markets World Tech USA · World
Markets
Loading…
Live feed

Economy

US refunds $100bn of Donald Trump’s ‘liberation day’ tariffs

TradeNews USA US markets desk (2026-08-05): More than half of tariff income refunded after supreme court ruled Trump’s levies were illegal The Trump administration has refunded about $100bn from the… Primary source: original at The Guardian (theguardian.com).

· The Guardian

US refunds $100bn of Donald Trump’s ‘liberation day’ tariffs

More than half of tariff income refunded after supreme court ruled Trump’s levies were illegal

The Trump administration has refunded about $100bn from the tariffs it collected before the US supreme court ruled them illegal, according to reports.

The $100bn (£74bn) figure, which represents 60% of the total $165bn collected from Donald Trump’s “liberation day” tariffs, was reported by customs officials to the US court of international trade (CIT) on Tuesday, according to the Financial Times.

Continue reading...