Businesses across the U.S. began receiving federal refunds on Tuesday for tariffs imposed by President Trump in 2025 and struck down by the Supreme Court earlier this year. Sarah Wells, whose small business makes accessories and apparel for breastfeeding mothers, told CBS News that about half of the money she is owed by the U.S. … Read more
Businesses that applied for refunds of President Trump’s “liberation day” tariffs, which the Supreme Court struck down in February, are getting some clarity on when they will receive their money. The Trump administration is expected to issue the first tariff refunds as early as May 11, according to court documents filed this week. The White House … Read more
Ford Motor said on Wednesday it expects to collect $1.3 billion in U.S. government refunds for tariffs illegally imposed by the Trump administration. The Detroit automaker raised its annual guidance by $500 million, citing the projected one-time tariff boost. In February, the Supreme Court struck down tariffs President Trump authorized last year under the International Emergency Economic … Read more