Trump administration pays back over $600 billion in tariffs

The administration of former U.S. President Donald Trump has refunded about $100 billion in tariffs, equivalent to approximately 647 billion Danish kroner. This action follows a U.S. Supreme Court decision earlier this year that deemed several tariffs imposed by Trump on trade partners unlawful.

The refunds constitute roughly 60% of the total tariff revenue collected by the U.S. government under the scheme, according to a recent court document from the U.S. Customs and Border Protection. However, a significant portion of the funds has yet to be disbursed. This is partly because the refunds are still being processed by U.S. trade authorities, and some importers have not yet submitted their banking information.

The Trump administration had previously cited the International Emergency Economic Powers Act, a 1977 law granting the president authority to regulate trade during a declared national emergency, to justify the tariffs. The article also briefly mentions unrelated news items regarding a drone incident in Germany and missile attacks in Ukraine.