US Tariff Refunds of $35.5 Billion Cleared for Importers So Far
Shipping containers at the Port of Los Angeles in Los Angeles, California.
Photographer: Kyle Grillot/BloombergThe Trump administration is in the process of issuing more than $35.5 billion to importers who successfully filed for tariff refunds after the US Supreme Court found the president’s signature economic policy unlawful, according to a new court filing.
The payments are being processed through a new online government portal and will include interest on duties paid across more than 8 million import entries, said Brandon Lord, executive director of trade programs for the Customs and Border Protection’s Office of Trade.