US Tariff refunds are expected to come in the second quarter: Barclays

Refunds resulting from the Supreme Court’s historic ruling in February that invalidated many of President Donald Trump’s 2025 tariffs are likely to come in the second quarter of this year, according to Barclays researchers. At issue is an estimated $175 billion in tariff revenue collected under the International Emergency Economic Powers Act that needs to be returned, according to Samuel Earl, a rates strategist at Barclays. The U.S. Court of International Trade on March 4 said the tariffs that were collected must be refunded. After that, U.S. Customs and Border Protection “said it is making all efforts to have ... (full story)