North America

Trump Administration Refunds $100 Billion in 'Liberation Day' Tariffs

The Trump administration has begun refunding $100 billion in tariffs collected under its 'liberation day' program after legal setbacks. Officials are rebuilding a similar tariff regime through alternative legal authorities, which already face fresh court challenges.

Shipping containers stacked at a US port
Shipping containers stacked at a US portPhoto: Bilal Ahmed / Pexels
CNBC Top News1 h ago

US businesses have begun receiving refunds on $100 billion in tariffs collected under the International Emergency Economic Powers Act (IEEPA), the legal basis for the sweeping 'liberation day' duties announced last year. The refunds follow a wave of lawsuits from states and businesses challenging the tariffs' legal foundation.

Rather than abandon the policy, officials are moving to recreate a similar tariff structure using other statutory authorities, according to administration officials. The shift is intended to preserve the White House's leverage in ongoing trade negotiations while addressing the courts' objections to the original legal justification.

The new approach already faces fresh legal challenges from opponents who argue it amounts to the same policy under a different name. Businesses that paid the original tariffs are still awaiting details on how and when refunds will be processed.

TradeRegulationNorth AmericaCNBC Top News
This article is an AI-curated summary of the original story published by CNBC Top News. The illustration is a stock photo by Bilal Ahmed from Pexels and is not from the original story.

Read next