The US authorities have officially initiated the process of refunding tariffs that were collected under the tariff policy of President Donald Trump. The total amount of refunds could reach $166 billion. This became possible after the Supreme Court deemed these tariffs illegal.
This is reported by Business • Media
“The US government has begun the process of refunding up to $166 billion in tariffs imposed during President Trump’s administration, following the Supreme Court’s ruling on the illegality of this policy.”
The newly established electronic customs system allows businesses to apply for refunds of the paid tariffs. Preliminary estimates suggest that over 330,000 importers involved in bringing goods into the country may expect compensation. In total, this concerns approximately 53 million shipments.
How the New Tariff Refund System Works
Businesses can submit a refund application through the updated customs service platform. Once the application is approved, funds along with interest will be returned within 60–90 days. This large-scale process is the result of years of legal proceedings that concluded in May 2025, when the US Federal Court of International Trade determined that President Trump acted beyond his authority when imposing tariffs on a number of countries under the pretext of a national emergency.
Impact of Trump’s Tariff Policy on the Market
In 2025, President Trump’s trade strategy caused significant market disruptions and volatility. In particular, the introduction of mass tariffs led to a $500 million drop in the value of Trump’s own assets due to the overall market decline. At that time, a 30% tariff on imports from the EU and Mexico was announced, along with threats to impose additional fees of up to 25% on European goods if the US did not gain control over Greenland.
In November 2025, Trump promised Americans a so-called “tariff dividend” of $2000. These statements influenced expectations in the financial markets: experts predicted an increase in interest in cryptocurrencies. At the time of preparing this material, Bitcoin is trading at $74,827 according to TradingView.
Daily chart of BTC/USDT on Binance. Source: TradingView.