Tariff Refund Delays Could Cost Taxpayers $700 Million a Month

Scott Lincicome, Nathan Miller, and Alfredo Carrillo Obregon

We wrote last week that the Trump administration might renege on its multiple promises to quickly refund IEEPA tariffs now that the Supreme Court has invalidated them—a new court filing unfortunately indicates that the government is doing just that. As we’ll show today, delays could cost US taxpayers billions of dollars in needless interest payments on tariff collections that the government must now repay.

Last Friday...