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The Independent UK
The Independent UK
Joe Sommerlad

Tariff refunds are now available – but they are going to go to companies, not your pocket book

The Trump administration has begun paying out more than $166 billion in refunds after the Supreme Court ruled that his tariff program was illegal – but it is companies, not the public, that stand to gain.

To President Donald Trump’s fury, a 6-3 majority of the court’s justices found on February 20 that his use of the International Emergency Economic Powers Act 1977 to justify placing reciprocal levies on U.S. trading partners was invalid, forcing the government to pay back the duties it reaped under the policy.

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