Washington DC, Aug. 6 -- The United States has processed refunds worth around USD 100 billion in Trump's "Liberation Day" tariffs that were later struck down by the US Supreme Court, according to a court filing by US Customs and Border Protection (CBP), marking one of the largest tariff refund efforts in the agency's history.

The refunds relate to additional ad valorem duties imposed under the International Emergency Economic Powers Act (IEEPA), which the Supreme Court invalidated in February this year. The amount processed represents more than half of the approximately USD 166 billion collected in tariffs affected by the ruling of the apex court.

According to the declaration filed by Brandon Lord, Executive Director of the Trade Progra...