US tariff refunds are coming: Here's who will get them first | Metals Mine

  • US tariff refunds are coming: Here's who will get them first

    From morningstar.com

    Tariff refunds are getting closer to flowing into bank accounts, with the U.S. government slated to start processing refund claims on Monday. The refunds have been in the works for about two months, since the Supreme Court knocked down the bulk of President Donald Trump's tariffs in a Feb. 20 ruling. A 6-3 majority of justices found that Trump exceeded his authority in using the International Emergency Economic Powers Act of 1977 to implement most of his tariffs. The president has responded with a new 10% global tariff, and his administration said on Tuesday that by the start of July, tariffs could be back at the ... (full story)

Comment Options
DwnUndrTrdr
Apr 20, 2026 7:07am
Permalink
Cantor Fitzgerald
devonoved
Apr 20, 2026 7:34am
Permalink
The really funny part about the refunds is that American consumers paid the tariffs in the first place, through higher prices for goods. Now the importers get a refund, paid for by US taxpayers.

Will the importers pass the refund along to their customers? Nope. So they get a massive pile of free money from Americans, thanks to Donald.

He's lucky his supporters aren't smart enough to realize what a bad deal Trump made for them.
Reply
  • Story Stats

  • Related Stories