Government has so far returned $100bn to companies from levies that US supreme court struck down
Business live – latest updates
The Trump administration has refunded about $100bn from the tariffs it collected before the US supreme court ruled them illegal, according to reports.
The $100bn (£74bn) figure, which represents 60% of the total $165bn collected from Donald Trump’s “liberation day” tariffs, was reported by customs officials to the US court of international trade (CIT) on Tuesday, according to the Financial Times.