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Businesses claw back $110b in Trump's unlawful tariffs

Americas 1 source 1 country 🔦 Under-reported 36m ago

# Businesses Recover $110 Billion Following Ruling on Trump Tariffs

Businesses around the world are recovering approximately $110 billion in customs duties paid to the United States after tariffs imposed by Donald Trump were determined to be unlawful. The tariffs, which Trump referred to as "liberation day" tariffs, have now been the subject of legal action resulting in their invalidation.

The recovery process represents a significant financial reversion for companies that had paid the duties under the contested tariff regime. The global scope of affected businesses underscores the wide-ranging impact these tariffs had on international commerce and cross-border trade relationships.

The ruling that rendered the tariffs unlawful has opened the way for businesses to reclaim the substantial sums they were required to pay while the tariffs were in effect. This development marks a reversal of the tariff policy's financial impact on the business community.

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Read the full story at the source ABC News (AU) · AU