• About us
  • Contact us
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank you
Profit News Report
No Result
View All Result
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
No Result
View All Result
Profit News Report
No Result
View All Result
Home Stock

Trump administration has refunded $100 billion in tariffs struck down by Supreme Court, filing shows

by
August 6, 2026
in Stock
0
Trump administration has refunded $100 billion in tariffs struck down by Supreme Court, filing shows
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

WASHINGTON — President Donald Trump’s administration has refunded about $100 billion from tariffs that it collected before the U.S. Supreme Court struck down those duties, a court filing showed.

The court filing in the U.S. Court of International Trade said that “refunds (duties plus interest) of approximately $100 billion have been completed using the Consolidated Administration and Processing of Entries Refund component, certified by the agency, and sent to the U.S. Department of Treasury for disbursement.”

The amount as of the end of July was noted in Tuesday’s filing by U.S. customs officials. It represented more than half of $166 billion collected in tariffs that the Supreme Court struck down in February.

Trump has made tariffs ​a central pillar of his foreign and trade policies despite legal setbacks and criticism from some analysts. Critics have complained that the refunds have not reached households but have instead gone to corporate importers.

“Trump is sending the ‘refunds’ to the companies, not working people. Every single cent of these refunds should go back to American consumers,” Rep. Greg Casar, D-Texas, said this week.

The Supreme Court ruled against most of Trump’s widest-ranging tariffs on Feb. 20, finding that the International Emergency Economic Powers Act (IEEPA) does not authorize the president to unilaterally impose tariffs on goods imported from trading partners.

Trump responded to that ruling by escalating his trade campaign, calling Supreme Court justices “disloyal” and issuing new temporary 10% tariffs under a different legal authority that, like IEEPA, no president had previously used to impose tariffs.

When those tariffs expired last month, the president issued another round of global tariffs imposed under Section 301 of the Trade Act of 1974, which is meant to combat unfair or discriminatory economic practices by other nations. Those tariffs are being challenged in court by small businesses as well as 25 states.

This post appeared first on https://www.nbcnews.com

Previous Post

Nvidia stock slips after five-day rally: what’s going on?

Next Post

U.S. suspends avocado inspections in Mexican state of Michoacan due to threat

Next Post
U.S. suspends avocado inspections in Mexican state of Michoacan due to threat

U.S. suspends avocado inspections in Mexican state of Michoacan due to threat

  • Trending
  • Comments
  • Latest
Top 2 reasons why Watches of Switzerland share price is soaring

Top 2 reasons why Watches of Switzerland share price is soaring

July 14, 2026
Why LinkedIn engagement is becoming one of the most valuable sales signals

Why LinkedIn engagement is becoming one of the most valuable sales signals

June 30, 2026
Coherent Lumentum stocks continues surge: how high can the AI trade go

Coherent Lumentum stocks continues surge: how high can the AI trade go

May 13, 2026
Why is Apple stock outperforming the broader market?

Why is Apple stock outperforming the broader market?

July 24, 2026
Evening digest: Alphabet bond raise, oil jumps as Hormuz risks return

Evening digest: Alphabet bond raise, oil jumps as Hormuz risks return

0
Tata Consumer shares hit 2-year high as analysts back strong growth outlook

Tata Consumer shares hit 2-year high as analysts back strong growth outlook

0
Is Wall Street becoming too dependent on AI-driven market gains?

Is Wall Street becoming too dependent on AI-driven market gains?

0
FTSE 100 edges higher as oil risks keep European markets cautious

FTSE 100 edges higher as oil risks keep European markets cautious

0
Evening digest: Alphabet bond raise, oil jumps as Hormuz risks return

Evening digest: Alphabet bond raise, oil jumps as Hormuz risks return

August 6, 2026
Figma stock dropped after earnings: here’s why it may rebound soon

Figma stock dropped after earnings: here’s why it may rebound soon

August 6, 2026
Honeywell Aerospace stock sinks 20% after guidance cut clouds outlook

Honeywell Aerospace stock sinks 20% after guidance cut clouds outlook

August 6, 2026
WATCH: GOP split over Rand Paul’s DOJ strategy in Fauci contempt push

WATCH: GOP split over Rand Paul’s DOJ strategy in Fauci contempt push

August 6, 2026

Recent News

Evening digest: Alphabet bond raise, oil jumps as Hormuz risks return

Evening digest: Alphabet bond raise, oil jumps as Hormuz risks return

August 6, 2026
Figma stock dropped after earnings: here’s why it may rebound soon

Figma stock dropped after earnings: here’s why it may rebound soon

August 6, 2026
Honeywell Aerospace stock sinks 20% after guidance cut clouds outlook

Honeywell Aerospace stock sinks 20% after guidance cut clouds outlook

August 6, 2026
WATCH: GOP split over Rand Paul’s DOJ strategy in Fauci contempt push

WATCH: GOP split over Rand Paul’s DOJ strategy in Fauci contempt push

August 6, 2026
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Disclaimer: Profitnewsreport.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.
Copyright © 2026 Profitnewsreport.com

No Result
View All Result
  • About us
  • Contact us
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank you

Disclaimer: Profitnewsreport.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.
Copyright © 2026 Profitnewsreport.com