Retailers — Eager for Cash — Sell Off Rights to Potential Tariff Refunds
3 Articles
3 Articles
Trump Administration Refunds $100 Billion in Tariffs
“Donald Trump’s administration has paid out about $100 billion in tariff refunds since the U.S. Supreme Court struck down its use of emergency powers to levy duties on its trading partners earlier this year,” the Financial Times reports.
According to ChainCatcher, citing Jinshi, the Trump administration has paid out approximately $100 billion in tariff refunds since the U.S. Supreme Court ruled that its use of emergency powers to impose tariffs on trading partners was invalid. U.S. Customs officials reported to a judge at the U.S. Court of International Trade on Tuesday that this amount represents 60% of the $165 billion in tariffs collected under the president's "Liberation Day…
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