Trump administration begins $100 billion tariff refunds after Supreme Court ruling

06 August, 2026, 01:10 pm

Last modified: 11 August, 2026, 11:13 am

Trump administration begins $100 billion tariff refunds after Supreme Court ruling

06 August, 2026, 01:10 pm

Last modified: 11 August, 2026, 11:13 am

The Trump administration has begun issuing $100 billion in "Liberation Day" tariff refunds after the US Supreme Court ruled the original import tariffs were unlawful. In this video, we explain why the refunds are being issued, how the court interpreted the International Emergency Economic Powers Act (IEEPA), who qualifies for the payments, Amazon's response, and what the administration's latest trade policy means following the replacement of the original tariffs.

Inforgraphics: TBS

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