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Trump administration pays back $100bn in 'Liberation Day' tariffs to businesses

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25 states sue Trump administration over latest round of global tariffs

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#FPReels: Trump Imposes New 10% Tariffs on US Imports After Supreme Court Ruling U.S. President Donald Trump has announced an additional 10% tariff on imports into the United States, saying the new du

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Supreme Court kills Trump’s ‘Liberation Day’ tariffs — but 4 other laws could resurrect them

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Trumps Tariffs: What It Means for Your Wealth

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How Trumps Tariff Strategy Is Reclaiming US Industry From China

Guardian

US refunds $100bn of Donald Trumps liberation day tariffs

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Newsweek

Trump Admin Issues $100B Tariff Refunds as States Sue Over New Duties

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Trump administration refunds $100B in 'liberation day' tariffs - Breitbart

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Trump admin refunds $100 billion in ‘liberation day’ tariffs

Financial Times

Trump administration refunds $100bn in ‘liberation day’ tariffs

Metaculus

What will the effective US tariff rate on goods being imported into the United States be at the end of 2026?

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Good Judgment

David Schefter

"We expect to win."

"Odds are the Trump administration’s top lawyer defending the president’s tariffs Wednesday before the justices did not go home very optimistic about his chances [securing a favorable ruling]."

"My guess—and it is a guess—is that at least two, if not all three, will come out against the president’s position, producing a 5–4 or 6–3 decision in favor of the plaintiffs to some degree."

"Good Judgment Project Superforecasters assigned a 65–66% probability that the Court would rule reciprocal and trafficking tariffs unauthorized or unconstitutional."

"There is a 27% chance that the US Supreme Court will rule in favor of Trump's tariffs."

"Expectations are high that the U.S. Supreme Court will rule against the Trump administration’s use of the International Emergency Economic Powers Act (IEEPA) – the 1970s legislation that allows a president to declare a national economic emergency – to justify tariffs."

"There is a 23% chance that the US Supreme Court will rule in favor of Trump's tarriffs."

"There is a 78% chance SCOTUS will strike down Trump tariffs."

"Our initial assessment of the pointed questions posed by the majority of justices is that the Supreme Court will likely decide that the Executive branch may not impose import duties (i.e., tariffs) based on the International Emergency Economic Powers Act (‘IEEPA’)."

Will the Supreme Court rule against Trump's IEEPA tariff authority?

Reuters

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CBIZ

Robert Kuttner

Jamieson Greer

Aaron Powell

Sue Johnson

Sarah Wells

Matthew Seligman

John David Rainey

Sasha Rogelberg

"Maybe they'll get repaid, but I have no hope they're going to refund me."

“It would seem to be very complex and, by extension, probably not something that’s going to happen very quickly. We’ll certainly avail ourselves of the opportunity that we have to get a refund, but when that happens, remains to be seen.”

″[Importers] are pessimistic that the government is going to make this easy. They’re anticipating that the government is going to make it as difficult as possible to get their money back.”

"Officials have warned the process could be complicated given the scale."

"US companies that paid Trump-era IEEPA tariffs may be entitled to significant cash refunds — but only if they move quickly, get aligned with trade, and have their data act together"

"It’s not immediately clear how much each importer would recoup, though analysts suggest companies could receive billions of dollars."

"The Trump administration agreed to abide by the court ruling and announced plans for a system for people to collect."

"There is an 82% chance that the Court will force Trump to refund tarrifs."

"CBP has stated that importers and authorized brokers should anticipate valid IEEPA refunds to be issued within 60-90 days following acceptance of the CAPE Declaration. "

"We project that reversing the IEEPA tariffs will generate up to $175 billion in refunds."

Will the Trump Administration Disburse Full Tariff Refunds to Importers?

The Trump administration has paid out approximately $100 billion in tariff refunds to importers, representing around 60% of the $165 billion collected under "Liberation Day" tariffs, according to a filing by US Customs and Border Protection with the US Court of International Trade.

The Trump administration has paid out approximately $100 billion in tariff refunds to importers, representing around 60% of the $165 billion collected under "Liberation Day" tariffs, according to a filing by US Customs and Border Protection with the US Court of International Trade.

The Supreme Court ruled in February that Trump's use of the International Emergency Economic Powers Act to impose the tariffs was unlawful, after which a federal judge ordered CBP to refund the duties collected. CBP subsequently built a system called the Consolidated Administration and Processing of Entries to manage disbursements.

The Supreme Court ruled in February that Trump's use of the International Emergency Economic Powers Act to impose the tariffs was unlawful, after which a federal judge ordered CBP to refund the duties collected. CBP subsequently built a system called the Consolidated Administration and Processing of Entries to manage disbursements.

As of July 31, the CAPE system had received more than 250,000 tariff refund declarations covering over 25 million import entries, with roughly $129 billion in potential and certified refunds accepted for processing. More than 330,000 importers paid IEEPA tariffs across over 53 million shipments.

As of July 31, the CAPE system had received more than 250,000 tariff refund declarations covering over 25 million import entries, with roughly $129 billion in potential and certified refunds accepted for processing. More than 330,000 importers paid IEEPA tariffs across over 53 million shipments.

Amazon received approximately $600 million in refunds during the second quarter, with finance chief Brian Olsavsky stating some funds would be returned to customers where specific charges were applied and the rest used to support lower prices. Under US customs law, only direct importers of record can claim refunds.

Amazon received approximately $600 million in refunds during the second quarter, with finance chief Brian Olsavsky stating some funds would be returned to customers where specific charges were applied and the rest used to support lower prices. Under US customs law, only direct importers of record can claim refunds.

Following the Supreme Court ruling, Trump introduced a 10% universal tariff as a temporary measure. That was later replaced by new levies of between 10% and 12.5% on more than 60 trading partners, which the administration says target countries with insufficient bans on goods produced with forced labor.

Following the Supreme Court ruling, Trump introduced a 10% universal tariff as a temporary measure. That was later replaced by new levies of between 10% and 12.5% on more than 60 trading partners, which the administration says target countries with insufficient bans on goods produced with forced labor.

A coalition of 25 US states filed suit in the Court of International Trade challenging the new tariffs, calling the forced labor justification a pretext for reimposing duties similar to those struck down in February. The states asked the court to declare the levies unlawful and order refunds of duties already paid.

A coalition of 25 US states filed suit in the Court of International Trade challenging the new tariffs, calling the forced labor justification a pretext for reimposing duties similar to those struck down in February. The states asked the court to declare the levies unlawful and order refunds of duties already paid.

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