US refunds $81bn in Trump tariffs after supreme court ruled them illegal

AI Summary

The US government has refunded $81 billion in tariffs imposed under former President Trump's administration after the Supreme Court ruled these tariffs illegal. These refunds were paid to companies that had imported goods subjected to these tariffs.

Government had been forced to pay back duties to companies that imported goods into the US that were hit by Trump’s tariffs The US government has already paid back tens of billions of dollars in tariffs it collected before the supreme court ruled them illegal, according to budget figures released on Monday. Tariffs – taxes on imported goods – have been a key part of president Donald Trump’s game economic plan since he took office again last year. Continue reading...