economy
Trump administration pays out $100 billion in tariff refunds to businesses
The U.S. government has refunded more than $100 billion to several companies for tariffs they paid after the Supreme Court deemed them illegal, according to a court filing this week. But will consumers see any of that money? CBS News MoneyWatch reporter Megan Cerullo joins to discuss.
TL;DR
- The U.S. government has refunded over $100 billion to companies.
- The refunds are for tariffs previously paid by these companies.
- The Supreme Court ruled these tariffs illegal.
- A court filing this week revealed the details of the refunds.
- It is uncertain if consumers will receive any of this money.