US Administration Refunds $100 Billion in Struck-Down Tariffs

• US administration refunds $100 billion in ‘Liberation Day’ tariffs.
• This represents 60% of the $166 billion collected, following a February Supreme Court ruling.
• $29 billion remains under review, and $1.6 billion is pending importer banking details.

The U.S. administration has refunded approximately $100 billion in tariff revenue, according to a recent filing with the U.S. Court of International Trade on Tuesday. This amount represents about 60% of the roughly $166 billion collected under the “Liberation Day” tariffs, which were originally imposed in 2025 and subsequently struck down by a Supreme Court ruling in February. While these repayments could provide a significant working capital boost for affected importers, a substantial portion of funds remains outstanding; nearly $29 billion is currently under review by trade authorities, and another $1.6 billion is pending due to importers not supplying necessary banking details. The broader trade policy landscape continues to evolve, with the administration having introduced new tariffs under alternative legal frameworks, including Section 301 measures.