Most of the available pool of tariff revenue has been disbursed back to U.S. companies, but American consumers are still looking for their share of the refunds.
As of the end of July, about $100 billion in tariff refunds were sent to the U.S. Department of Treasury to be disbursed to approved importers, according to a Tuesday filing to the U.S. Court of International Trade. The total is about 60% of the $166 billion in revenues collected from import taxes under the International Emergency Economic Powers Act (IEEPA), which were struck down by the Supreme Court in February.
