Trump administration pays out milestone $100 billion in tariff refunds
That’s more than half of the $166 billion owed to thousands of U.S. businesses. The Trump administration paid out a milestone $100 billion in tariff refunds through the end of July, according to a new court filing . That's more than half of the $166 billion owed to thousands of American businesses who paid the tariffs that were struck down by the Supreme Court. Several companies from Amazon to small businesses are now reporting that the payments from the federal government have landed in their accounts. What businesses are doing with the money varies -- some are reinvesting it while others are pledging to lower prices in the future.
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