Business Brief (April 16): U.S. to Refund $166 Billion in Tariffs to Importers

Starting April 20, U.S. Customs and Border Protection will begin the first phase of tariff refunds, returning $166 billion to importers. The U.S. Supreme Court ruled these tariffs illegal in February. However, a survey shows that about half of responding chief financial officers do not plan to apply for refunds, and no companies intend to pass the savings on to consumers.

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