The Trump administration inflated the value of its tariff refunds by upwards of $10 billion, according to a new report.
A Tuesday court filing from U.S. Customs and Border Protection showed about $20.6 billion in refunds are en route to importers who submitted claims through a new agency portal, Bloomberg reported. The disbursements mark the first major wave of repayments following the Supreme Court’s landmark ruling that struck down President Donald Trump’s tariff authority, dealing a major blow to his cornerstone economic policy.
