Cbnc reports: American businesses have paid $166 billion in tariffs under the International Emergency Economic Powers Act. Those tariffs, which the Supreme Court struck down in February, are in the process of being refunded to the importers who paid them. An additional $8 billion was collected from the Section 122 tariff, which was struck down Thursday, according to We Pay the Tariffs, a coalition of nearly 1,200 small businesses that opposes tariffs.
The Yale Budget Lab, a…
Originally reported by Cbnc. This story has been edited and re-presented by BRIC Team.
