Economy
Friday, 7/17, 07:31 AM
US Firms Are Getting $71 Billion in Tariff Refunds After the Supreme Court Struck the Levies
- After the Supreme Court ruled that President Trump's sweeping tariffs were unlawful, US importers are getting their money back: about $71 billion refunded so far, out of roughly $166 billion collected.
- But rather than cut prices for shoppers, many companies say they are using the windfall to absorb higher costs from the Iran war.
