The Trump administration has refunded roughly $100 billion out of $165 billion in tariffs collected before the US Supreme Court invalidated them, customs officials reported to the US Court of International Trade on Tuesday, according to the Financial Times. The refund represents 60% of the total amount collected from tariffs imposed under the administration’s “liberation day” policy.
The Supreme Court struck down a portion of the additional tariffs Trump had imposed in February, requiring the government to return funds to affected companies. Tariffs have been positioned as central to the administration’s economic strategy, with officials arguing they will stimulate domestic production, improve trade negotiations, and reduce the federal deficit. However, data shows the federal deficit has grown following narrowing in the previous year, reaching $1.37 trillion in the first nine months of the current fiscal year, a 2% increase from the same period in 2025.
Last month, the administration implemented a new round of tariffs on more than 80 countries ranging from 10% to 12.5%, affecting nations including the UK, Mexico, Canada, Australia, India, China, and EU member states. These levies were imposed under Section 301 of the Trade Act of 1974, which targets countries engaged in forced labor practices. Administration officials have stated these countries have not sufficiently addressed products made through forced labor.
A coalition of 25 US states filed suit against the administration this week, challenging the tariffs and requesting that the Court of International Trade declare them unlawful and order refunds of already-paid duties. The states argue the tariffs on 59 countries and the EU cover 99.4% of US imports. New York Attorney General Letitia James characterized the new tariffs as an attempt to “illegally raise taxes on families and businesses” following the administration’s February Supreme Court loss.
Article Attribution | Read More at Article Source
Article summary produced by Claude AI