Trump administration refunds $100bn in tariffs after court ruling

The Trump administration has refunded about $100 billion in tariffs to importers after the Supreme Court ruled in February that the president exceeded his authority by imposing broad duties under the International Emergency Economic Powers Act. The refunds represent roughly 60% of the $166 billion collected, with over $128 billion in claims still being processed. The ruling left sector-specific tariffs intact, and new tariffs have since been announced.