The Nations

U.S. Refunds $81 Billion in Trump Tariffs After Supreme Court Ruled Them Illegal

via The Guardian·Jul 14

The federal government has already paid back tens of billions of dollars in tariffs it collected before the Supreme Court ruled the levies illegal, according to budget figures released Monday. The Guardian reports the refunds total roughly $81 billion, unwinding a central pillar of President Trump's economic agenda and returning duties to companies that imported goods hit by the tariffs. The scale of the paybacks underscores how much revenue the administration had staked on import taxes now deemed unlawful.

Read Full Story at The Guardian
EconomyWorld

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