00:00The Trump administration says it has refunded roughly $100 billion to businesses
00:05after the Supreme Court struck down the president's 2025 Liberation Day tariffs.
00:10The repayments account for about 60 percent of the $166 billion collected under the International
00:17Emergency Economic Powers Act, with tens of billions more still waiting processing.
00:23The rapid wave of refunds marks a dramatic reversal for one of Trump's signature trade
00:28policies, while new tariffs imposed under different legal authority are already facing
00:34fresh court challenges.
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