Court documents revealed that the amount of “Liberation Day” tariffs introduced by the Trump administration last year and refunded to companies through customs has reached approximately 60% of the $100 billion collected. Some amount remains outstanding.
Documents show that U.S. Customs has so far refunded companies an amount equivalent to approximately 60% of the “Liberation Day” tariffs introduced by the U.S. government last year. The Supreme Court ruled in February this year that most of the tariffs were invalid.
Approximately $29 billion in refunds remains under review, while a separate $1.6 billion is pending because importers have not provided bank account information. Some tariff revenue has consequently remained awaiting refunds for an extended period.
The Trump administration imposed new tariffs on countries around the world as part of its tariff policy. According to Amazon’s chief financial officer, the company received a refund of approximately $600 million in the second quarter. Because only importers that directly paid the tariffs can claim refunds, relief for consumers has been left to companies.
The total amount refunded may increase further depending on the progress of the reviews, and the administration is arguing that the tariffs are justified under IEEPA. The developments to date indicate that the tariff policy has involved consequences and uncertainty for companies in the United States and abroad.