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The Economic Times

Top News / The Economic Times

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US companies, shamed by Trump, tiptoe into $166 billion tariff refund race

After a landmark Supreme Court ruling, U.S. businesses are strategically striving to salvage billions in refunds from now-invalid tariffs. However, they face pressure from former President Trump and the risk of consumer lawsuits, prompting many to operate in secrecy. These refunds could potentially ease financial strains for companies and help temper inflation rates, benefiting consumers in the long run.

24 May 2026 1:17 pm