US Refunds 3.25 Trillion Baht in Trump Tariffs to Businesses

Matichon•International•19d ago

Reader Briefing

The US government has refunded 100 billion USD in customs duties to businesses following a Supreme Court ruling that Trump-era tariffs were unlawful.

•The US government refunded 100 billion USD (approximately 3.25 trillion Baht) to the business sector via US Customs.
•The US Supreme Court ruled in February that broad import tariffs implemented under economic powers were unlawful.
•Amazon received approximately 600 million USD in refunds during the second quarter of this year.
•President Donald Trump implemented a temporary 10% general import tariff after the February ruling, which ended in late July.

•The US government has refunded 100 billion USD, representing approximately 60% of the customs duty revenue collected under the Trump policy.
•Tax refund requests worth approximately 29 billion USD are currently under review by US trade agencies.
•1.6 billion USD remains unpaid because importers have not provided bank account details for the refunds.
•The US Supreme Court ruled in February that the broad import tariffs implemented by the Trump government using economic powers were unlawful.
•The White House previously cited the International Emergency Economic Powers Act 1977 (IEEPA) to justify the tariffs.
•Amazon CFO Brian Olsavski stated Amazon received 600 million USD in refunds in the second quarter and will partially refund customers.
•A temporary 10% general import tariff ended in late July and was replaced by tariffs on 60 trading partner countries.
•President Donald Trump announced a 50% import tariff on goods from Canada shortly after the new measures for 60 countries were declared.

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Donald Trump(โดนัลด์ ทรัมป์)ℹ️

President of the United States who implemented customs duty measures and general import tariffs.

Brian Olsavski(ไบรอัน โอลซาฟสกี)

The Chief Financial Officer (CFO) of Amazon.

U.S. Customs and Border Protection(สำนักงานศุลกากรและป้องกันชายแดนสหรัฐฯ)ℹ️

The agency (CBP) that submitted documents to the court regarding the amount of tax refunds.

US Supreme Court(ศาลฎีกาสหรัฐ)ℹ️

The court that ruled in February that broad import tariffs based on economic powers were unlawful.

White House(ทำเนียบขาว)ℹ️

The office that cited the IEEPA to justify the implementation of tariffs.

Amazon

A large American company that received approximately 600 million USD in tax refunds.

International Emergency Economic Powers Act 1977(กฎหมายอำนาจทางเศรษฐกิจในภาวะฉุกเฉินระหว่างประเทศ ปี 1977)

The law (IEEPA) cited by the White House to grant the President power to regulate international trade during emergencies.

Canada(แคนาดา)ℹ️

A country on which President Trump announced a 50% import tariff.