US cuts $22B cheque in 1st round of tariff receipts
Synopsis US authorities have begun refunding billions in customs duties. This follows a Supreme Court decision invalidating President Donald Trump's global tariffs. May saw $22
Synopsis US authorities have begun refunding billions in customs duties. This follows a Supreme Court decision invalidating President Donald Trump's global tariffs. May saw $22 billion in refunds, matching duties collected.
The government is processing repayments for $166 billion collected under a previous act. However, appeals could impact ongoing reimbursements. The budget deficit has also seen
a reduction.
The BriefWire