The Trump administration is appealing a judge's order for refunds of US$166 billion in global tariffs, imposed by President Trump and later struck down by the Supreme Court. The appeal could impact ongoing repayment processes by US Customs and Border Protection.
The US Supreme Court struck down Donald Trump's tariffs, leading to $85bn in refunds for importers, with $20bn already refunded and $65bn pending, impacting businesses like Walmart and Jim Beam, and affecting US households with average $1,000 tax increase in 2025.
An Air France flight to Detroit was diverted to Montreal, Canada, after a passenger from the DRC boarded in error due to new Ebola travel restrictions. US CBP stated the passenger should not have boarded, and measures are being taken to protect public health.
US tariff refunds totaling up to $166 billion could boost Bitcoin's price by increasing bank reserves and easing inflation, but the impact depends on the speed of processing and importer behavior. Analysts watch closely for signs of this dual-channel effect.
Britons have received over 1.2 million US travel authorisations (Esta) for the World Cup, the highest of any nationality. Despite this, fan backlash over high ticket prices may impact attendance, with many matches not yet sold out.
The US Customs agency has processed $35.46 billion in refunds for tariffs deemed illegal, imposed by President Donald Trump last year.
American businesses are set to receive billions in refunds for unconstitutional tariffs imposed by former President Trump. The US Customs and Border Protection is launching an online portal this week for importers to file claims, with refunds expected within 60-90 days.
Trump administration launches online portal on Monday after supreme court struck down tariff policy earlier this yearSign up for the Breaking News US emailHere is a first look at the portal set up to process refunds for businesses who paid billions in Trump tariffs. This is part of the newly created Consolidated Administration and Processing of Entries (CAPE) tool, in order to streamline the refund process.US Customs and Border Protection (CBP) estimates that businesses are owed about $166bn in tariff refunds, after the supreme court invalidated Donald Trump’s levies under the Internation Emergency Economic Powers Act (IEEPA). Continue reading...
