The Trump administration has refunded more than $20 billion so far in tariffs to importers and shippers, according to a court filing, after the Supreme Court struck down the cornerstone of President Donald Trump’s trade policy in February. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The administration … Read more
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
FORT LAUDERDALE, Fla. — Passengers arriving at Fort Lauderdale-Hollywood International Airport on Saturday were still being dropped off for flights that no longer existed — learning only at curbside that Spirit Airlines had shut down overnight. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. “I just found out,” … 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
Major shippers, including UPS, FedEx and DHL, have filed claims for tariff refunds with U.S. Customs and Border Protection (CBP), which on Monday launched a portal through which businesses can request money back for some of the import duties they had paid under the Trump administration. The companies also pledged to return money to customers who … Read more
Glitches reported in Trump administration portal for tariff refunds – CBS News Watch CBS News Some businesses navigating the Trump administration portal for tariff refunds are encountering technology glitches. CBS News’ Jo Ling Kent reports. Source link
Beginning on Monday, businesses were able to apply for refunds for President Trump’s tariffs that were later declared unconstitutional by the Supreme Court. Jo Ling Kent reports on some of the issues they’re running into. Source link
The U.S. government could be on the hook for up to $175 billion in reimbursements after the Supreme Court ruled most of the Trump administration’s sweeping tariffs were illegal. On Monday, the government is set to start processing tariff refunds for businesses that request them. Jo Ling Kent explains. Source link
IRS CEO Frank Bisignano discusses Tax Day, rising refunds and ‘Trump accounts’ for kids IRS CEO Frank Bisignano reveals average tax refunds are up more than 11% for Tax Day 2026, with over $270 billion issued. He credits the Working Families Tax Cut Act for permanent tax cuts and reducing the tax burden. Bisignano also … Read more
Treasury secretary says Americans can already see refunds as Trump’s tax breaks kick in – CBS News Watch CBS News Treasury Secretary Scott Bessent said Americans are already seeing record refunds as President Trump’s new tax breaks start to kick in. Nancy Cordes reports. Source link