Customs to Return $120 Billion in First Phase of Tariff Refunds
Federal officials will start repaying importers $120 billion in the first phase, part of an estimated $166 billion to be returned after the U.S. Supreme Court struck down former President Trump’s import taxes.
U.S. Customs and Border Protection will return $120 billion to importers in the first phase of tariff refunds. The repayments are part of a broader plan to return an estimated $166 billion after the U.S. Supreme Court struck down President Donald Trump’s sweeping import taxes.