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The administration refunded approximately $100 billion in tariffs following a Supreme Court ruling that declared the levies illegal.

The administration announced that it has returned approximately $100 billion in tariff revenue to importers, representing about 60% of the total $166 billion collected under the 'liberation day' duties. These tariffs were originally imposed using the International Emergency Economic Powers Act (IEEPA), but the US Supreme Court ruled in February that the president exceeded his authority in invoking the emergency powers to impose them. While the administration has successfully processed the majority of the refunds, a significant portion of the revenue remains under review or awaiting banking details from importers. Major corporations like Amazon have already received substantial refunds, with the company's finance chief, Brian Olsavsky, noting that some funds will be passed to customers to lower retail prices. To address the gaps left by the court's decision, the administration has introduced a new round of tariffs on dozens of countries. These new levies, ranging from 10% to 12.5% on imports from countries that have not sufficiently addressed forced labour, were recently challenged by a coalition of 25 US states in a legal filing.

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