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The Economic Times

World / The Economic Times

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US says $20.6 billion of tariff refunds on the way to importers

US Customs and Border Protection is sending $20.6 billion to importers. This follows a correction to a previous report that overstated refund amounts. The agency is processing billions in tariff refunds. Importers are receiving payments for duties paid under President Donald Trump's tariffs. Some payments are delayed due to importers not having digital payment setups.

27 May 2026 6:35 am