AssetID: 55901130
Headline: UNCAPTIONED: Trump Administration Repays $100 Billion In Tariff Refunds
Caption: Trump Administration Repays $100 Billion In Tariff Refunds. President Donald Trump's administration has repaid 100 billion dollars in refunds to businesses that paid tariffs introduced under the so-called "Liberation Day" trade measures. US customs officials say the repayments represent around 60% of the tariff revenue collected under the policy, although billions of dollars in claims are still being processed. The refunds follow a Supreme Court ruling earlier this year that found the broad import tariffs were introduced unlawfully under emergency economic powers. The tariffs had increased costs for US importers, with many businesses passing those extra expenses on to consumers through higher prices. Officials say almost 29 billion dollars in refund claims remain under review, while a further 1.6 billion dollars is awaiting payment details from importers. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,US President,Donald Trump,administration,repaid,100 billion dollars,refunds,businesses,paid,tariffs introduced,Liberation Day,trade measure,US customs officials,revenue,collected
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