Skip to main content
Sahmino
Back to the newsroom
GeneralNorth America

US Customs Has Refunded $100 Billion in Tariffs Struck Down by the Supreme Court

Aug 14, 2026

US tariff policy, archival image from July 2026
US tariff policy, archival image from July 2026Archive photo · Source: Reuters

According to Al Jazeera, in a report published Friday, August 14, 2026 (23 Mordad 1405), the US Customs and Border Protection agency (CBP) disclosed in a Tuesday court filing with the US Court of International Trade that it has refunded more than three quarters of the $128.68 billion in tariff revenue identified as certified and potential refunds, a figure of nearly $100 billion. Brandon Lord, CBP's executive director of trade policy and programs, said in the filing that the agency's accounting system regularly receives updates from the Treasury showing the certified refunds are being distributed.

The refunds began after the US Supreme Court ruled 6 to 3 in February 2026 that President Trump exceeded his authority by invoking the 1977 International Emergency Economic Powers Act (IEEPA) to impose tariffs on Canada, Mexico, China and more than 90 other countries. The ruling did not strike down tariffs imposed under the 1962 Trade Expansion Act, including those on steel, automobiles and copper. The US Court of International Trade separately ruled in March that companies affected by the invalidated tariffs should be reimbursed.

Source

Al Jazeera

Related news

GeneralNorth America

US Labor Day Gas Price Hits Record $4.15 a Gallon as Sanders Calls for Immediate End to War With Iran

Senior US Senator Bernie Sanders of Vermont wrote on X on Saturday, September 5, 2026 (14 Shahrivar 1405), that the national average US gasoline price had never before topped $4 a gallon on the Labor Day holiday, but reached $4.15 today. According to Mehr News Agency, he attributed the rise directly to what he called Trump's illegal and disastrous war against Iran, saying the war has not only caused thousands of casualties but is devastating the US economy. Sanders closed his post by saying the United States must end the war right now. The remarks came on the same day CENTCOM said American forces struck three Iranian oil tankers in response to an alleged Iranian missile launch at two US warships.

Mehr News Agency · Sep 5, 2026

General

13th Islamic Treasury Bond Auction Sees Weak Demand; Only One of Four Symbols Sold

According to central bank data, Iran's 13th Islamic treasury bond auction was held on Wednesday, 11 Shahrivar 1405 (September 2, 2026), offering about 48 trillion tomans of bonds across four symbols, Arad296, Arad297, Arad299 and Arad304, but only Arad304 found buyers. According to Ecoiran, the buyers were primary dealers, who placed a combined 20,370 billion tomans in bids for that symbol. Total sales in this auction were lower than the average per-auction sales under the new system (21,800 billion tomans) and lower than the previous three auctions, though still higher than sales levels from before the primary-dealer market was set up, when banks were required to buy the bonds. The yield on these bonds is set under an agreed contract between the government and the primary dealers.

Ecoiran · Sep 5, 2026

GeneralPersian Gulf

US Embassy in Bahrain Warns Citizens of Possible Flight Cancellations, Regional Airspace Closures

The US Embassy in Bahrain issued an urgent security alert on Saturday, September 5, 2026 (14 Shahrivar 1405), warning American citizens in the Middle East of possible flight cancellations and regional airspace closures. According to Ecoiran, the warning came as military tensions between Iran and the United States escalated in the waters of the Persian Gulf and the Gulf of Oman. The alert was issued on the same day CENTCOM said American forces struck three Iranian oil tankers in response to what it described as Iranian Revolutionary Guard missile fire at a US aircraft carrier and a guided missile destroyer.

Ecoiran · Sep 5, 2026

GeneralRussia

Putin to Meet Witkoff and Kushner in Moscow Today as US Envoys' Trip Continues to Kyiv

Kremlin spokesman Dmitry Peskov told TASS that Russian President Vladimir Putin will meet US envoys Steve Witkoff and Jared Kushner on Saturday, September 5, 2026 (14 Shahrivar 1405), as part of talks to end the war in Ukraine. According to Mehr News Agency, citing TASS, the plane carrying the two American officials landed in Moscow at 12:52pm local time, where Kirill Dmitriev, Putin's special representative for investment and foreign economic cooperation, greeted them at the airport. Per the report, Witkoff and Kushner are due to travel on to Kyiv after their Moscow meeting to continue talks with Ukrainian officials, as part of the Trump administration's push for a deal to end the Russia Ukraine war. Any progress in the talks could affect global market risk appetite and energy prices.

Mehr News Agency, citing TASS · Sep 5, 2026