Trump's Tariff Refunds Reach $100 Billion Amid Ongoing Reviews

Donald Trump's administration has refunded $100 billion in 'Liberation Day' tariffs to businesses, amounting to roughly 60% of all revenue collected under the policy. Nearly $29 billion in potential refunds is still under review by trade authorities, while an additional $1.6 billion is pending due to missing banking details from importers. Following a Supreme Court ruling in February that deemed broad import tariffs unlawful, companies like Amazon have already claimed significant refunds, with the company receiving about $600 million during the second quarter. This ongoing refund process will impact businesses' expenses and could influence retail prices for consumers.