Companies Are Getting Tariff Refunds of up to $2 Billion From the Trump Administration

Corporate America Pockets Billions in Tariff Refunds After Supreme Court Strikes Down IEEPA Duties

More than 40 S&P 500 companies disclosed $9.6 billion in tariff refunds during the latest quarter, with Apple, Nike, FedEx, Amazon and General Motors among ... The post Corporate America Pockets Billions in Tariff Refunds After Supreme Court Strikes Down IEEPA Duties first appeared on [your]NEWS.

Companies are getting tariff refunds of up to $2 billion from the Trump administration

NPR's Danielle Kurtzleben speaks to Wall Street Journal business reporter Theo Francis about refunds some businesses are getting on the billions of dollars they've paid on President Trump's tariffs.

Who Gets the $170 Billion of Tariff Refunds?

This issue is what used to be called a sticky wicket. The Supreme Court has ordered that illegally imposed Trump tariff/tax revenues collected by the federal government must be refunded to those who paid the bill. Some $100 billion has been cleared for refunds with as much $70 billion more on the way. The law requires that the companies that have receipts proving they paid the taxes receive the refunds. But consumers argue that the shoppers who …