Business

US Government Begins Processing $160 Billion Trump-Era Tariff Refunds, Consumers Unlikely to Benefit

The US government has commenced processing refunds for $160 billion in tariffs, previously declared unlawful by the Supreme Court. While importers can reclaim charges, individual consumers, who absorbed higher prices, are largely excluded from direct compensation. Despite some class-action lawsuits, officials do not anticipate consumers will see direct benefits.