US Politics: Full Transp██████

Tariff refunds are happening! Going to be a temporary boost for the economy!


By the numbers: Customs officials are processing more than $104 billion in potential tariff refunds, with about $71 billion — including interest — already certified and sent to Treasury for payment, according to a court filing.

Bank of America says the money is moving faster than expected, with most refunds likely completed by summer's end.
Nike said last month that it expects to recover nearly $1 billion in tariffs, a one-time gain that helped sharply improve its profit margins.
 

A federal judge in Florida has referred President Donald Trump's attorneys for potential disciplinary action over their filing of the $10 billion lawsuit against the IRS that resulted in the creation of the now-defunct "Anti-Weaponization Fund."

U.S. District Judge Kathleen Williams' scathing order criticized the president and his lawyers for using the court "to earmark billions of dollars from American taxpayers."

"In reaching this conclusion, the Court determines that Plaintiffs improperly employed this lawsuit to justify a particular award in this matter -- access to taxpayer funds and exemption from audits and other investigations -- which was accomplished by leveraging control over Defendants," Judge Williams wrote.
 
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