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The administration refunded approximately $100 billion in tariffs to corporate importers following a Supreme Court ruling.

The administration announced that it has completed refunds of approximately $100 billion in tariffs and interest to corporate importers. This payout represents more than half of the $166 billion in duties collected under the International Emergency Economic Powers Act before the U.S. Supreme Court struck down the authority in February. While the administration announced the refund process, many critics argue that the benefits primarily reach corporations rather than households. Because only importers who directly paid the tariffs can legally claim a refund, consumers do not automatically receive money back. Major corporations like Amazon and Nike have received significant payouts, with Amazon receiving an estimated $600 million last quarter. Following the Supreme Court ruling, President Trump issued new tariffs to replace the expired ones. These new levies are based on Section 301 of the Trade Act of 1974, which targets unfair economic practices. While some small businesses and 25 states are currently challenging these new tariffs in court, the administration continues to prioritize trade policy as a central pillar of its economic strategy.

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