Refunds for Trump’s 2025 tariffs hit $100B

What happened

The Trump administration has refunded about $100 billion of the roughly $166 billion collected through President Donald Trump’s 2025 “liberation day” tariffs, according to a court-ordered progress report filed Tuesday with the U.S. Court of International Trade. The Supreme Court ruled in February that those import taxes had been collected illegally using an authority the president did not have, and a judge subsequently ordered their return to the importers.

Who said what

Trump has “placed heavy-handed tariffs at the center of his economic and foreign policy agendas,” CNBC said, and he has “vented his rage over the court rulings.” The “speed at which the money has been refunded has surprised trade lawyers and analysts” alike, the Financial Times said. White House officials had “warned that the refunds would depend on further litigation.”

What next?

Trump’s administration has “recently taken a series of steps to effectively re-create” his initial sweeping tariffs “using other legal authorities,” said CNBC. On Monday, 25 states sued the administration over the new tariffs, “calling them a pretext for replacing” the axed “liberation day” levies, The Associated Press said.

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