Billion-dollar tariff refund process kicks off in US
US businesses can finally start applying for tariff refunds following the US Supreme Court's ruling earlier this year that President Donald Trump had overstepped his authority in imposing them.
Also in this edition: oil prices surge again after Iran vows to block the Strait of Hormuz.
The situation is causing severe disruptions to the supply of materials like plastic.
Plus, a humanoid robot in China beats the human half-marathon world record.
US Kicks Off $166B Tariff Refunds
- Tariff refund portal off to bumpy start as some businesses report glitches CBS News —
- Trump Administration Takes Steps to Refund $166 Billion in Tariffs The New York Times —
- Trump kicks off $166B tariffs refund process for American companies… but there's a catch Daily Mail —
- $166 billion in tariff refunds at stake in new online portal — but consumers might not benefit NY Post —
- Americans Scramble to Get a Piece of the $166 Billion Pie as Tariff Refund Portal Opens Gizmodo —