Tariff Refunds Reach $100 Billion After Court Ruling

The Trump administration has refunded about $100 billion in tariffs collected under President Donald Trump’s 2025 “Liberation Day” duties, according to a Tuesday court filing reported by CNBC.

The refunds follow a Supreme Court decision in late February that found the International Emergency Economic Powers Act did not authorize the tariffs. U.S. Court of International Trade Judge Richard Eaton later ordered the government to return the money to importers.

The government said the completed refunds represent roughly 60% of the approximately $166 billion collected under the IEEPA tariff program. The Customs and Border Protection refund system, known as CAPE, had received 252,496 declarations covering more than 25 million import entries as of July 31, the filing said.

Nearly $129 billion in potential and certified refunds had been accepted for processing, with about $100 billion certified and sent to the Treasury Department for disbursement, according to the filing. More than 330,000 importers paid the affected tariffs on over 53 million entries.

The scale of the refunds matters for importers, retailers and consumers because tariff costs can affect supply chains and prices. The administration has pursued other tariff authorities, which are also facing legal challenges.

Source: CNBC