The Trump administration has refunded about $100bn from the tariffs it collected before the US supreme court ruled them illegal, according to reports.
The $100bn (£74bn) figure, which represents 60% of the total $165bn collected from Donald Trump’s “liberation day” tariffs, was reported by customs officials to the US court of international trade (CIT) on Tuesday, according to the Financial Times.
Consumers who paid increased prices because of Tariff Bpy's snit aren't going to see a nickel. But the middlemen and importers will make a bundle.
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