Trump administration refunds $100bn in 'Liberation Day' tariffs to businesses
The Trump administration has repaid $100 billion in tariffs collected under its 'Liberation Day' trade policy, representing roughly 60% of all revenue gathered under the program. Billions more in refunds are still owed to businesses that paid the duties.
The Trump administration has repaid $100 billion in tariffs to US businesses collected under its sweeping 'Liberation Day' trade policy, officials said Wednesday. The refunds represent roughly 60% of all tariff revenue collected under the program so far.
The repayments follow a wave of legal challenges from businesses and trade groups arguing that the tariffs, imposed under emergency economic powers, exceeded the administration's authority. Billions of dollars in additional refunds remain outstanding as officials continue processing claims from affected companies.
The tariff program, unveiled earlier this year, imposed sweeping duties on imports from dozens of countries in an effort to reshape US trade relationships. Businesses have said the levies raised costs and disrupted supply chains, prompting many to seek reimbursement through pending litigation and administrative appeals.
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