FinanceThe ConversationThe US is issuing billions in tariff refunds. That won’t unwind the damage to the global trading system
The US Supreme Court struck down Trump's 2025 tariffs and over $85 billion has been refunded to businesses, but economists say the damage to global trade trust is lasting.
Refunds on US$160 billion of tariffs are slowly flowing back to businesses. But they won’t restore lost customers or lost confidence in trading with the US.
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