More than half of tariff income refunded after supreme court ruled Trump’s levies were illegal

The Trump administration has refunded about $100bn from the tariffs it collected before the US supreme court ruled them illegal, according to reports.

The $100bn (£74bn) figure, which represents 60% of the total $165bn collected from Donald Trump’s “liberation day” tariffs, was reported by customs officials to the US court of international trade (CIT) on Tuesday, according to the Financial Times.