Trump Administration Faces $175B Refund Bill After Tariff Ruling

Donald Trump's administration must refund $175B in tariffs after the US Supreme Court ruled his trade policy was unlawful.Treasury Secretary Scott Bessent confirmed interest payments will cost $700M monthly while a new 15% global tariff is implemented this week.Judge Richard Eaton ordered the US Court of International Trade to oversee the reimbursement of thousands of affected businesses like FedEx and Dyson.The EU may be exempt from the new rates following a framework agreement reached last year between Brussels and Washington.