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Trade & Logistics

3 November 2026

$128bn tariff refunds – the money has moved, yet not everyone has been paid

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Source reporting: The Loadstar

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$128bn tariff refunds – the money has moved, yet not everyone has been paid

Customs says it has certified $127. 7 billion in unlawful emergency-duty refunds. Court records reveal an impressive processing system, a nearly $1 billion banking-information bottleneck and a legal divide that still leaves some importers waiting. The United States has built a remarkably efficient machine for returning money it was never entitled to collect. The question is who gets to use it.

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