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News in English (USA) / 14.07.2026 / 08:00

US Refunds $81 Billion in Tariffs After Supreme Court Ruling

In a significant financial development, the US has begun distributing refunds amounting to $81 billion for tariffs that were deemed illegal by the Supreme Court. The refunds have notably accelerated, with nearly $50 billion paid out to businesses in June alone. Indian exporters have also started receiving substantial amounts, with over $1 billion refunded. As companies seek these refunds amid ongoing tariff complexities, the impact on business activity and consumer costs is becoming increasingly evident. Despite the progress, challenges remain for many small-business owners who struggle to claim their dues, leaving some feeling hopeless about recovery. The landscape continues to evolve as more refunds are processed and questions about future tariffs loom.
The Guardian, Yahoo Finance, Axios, The National Law Review, Business Insider, Law360, The Quad-City Times, India Shipping News, Freightos, Thomson Reuters tax