American consumers are the ultimate losers in the ‘immense mess’ that is $175 billion tariff refund, says Trump’s former commerce secretary

In the unlikely event any U.S. importers rubbed their hands together at the prospect of a tariff rebate this year, they will be sorely disappointed. Treasury Secretary Scott Bessent believes $175 billion (collected under a tariff scheme that has now been ruled illegal) will never see the light of day for American consumers.

And Wilbur Ross, who served as Commerce Secretary in the first Trump administration, is inclined to agree. Ross believes tariff rebate cases will drag on for years...