Tariff refunds reach $100 billion milestone as businesses reinvest and prices feel mixed relief

The Trump administration has paid roughly $100 billion in tariff refunds through July, more than half of the $166 billion owed after tariffs deemed illegal by the Supreme Court; refunds are being issued through a CBP online portal to companies like Amazon and Apple, with some using the funds to reinvest or lower prices, while others say refunds don’t fully offset losses and small businesses face delays; studies estimate tariffs cost households hundreds of dollars annually (about $700 per year, up to $1,000 per year when all tariffs are included).