WASHINGTON, July 22 -- Sen. Elizabeth Warren issued the following press release:
At a hearing of the Senate Finance Committee, U.S. Senator Elizabeth Warren (D-Mass.) pressed U.S. Trade Representative Jamieson Greer on the Trump administration's plans to refund the $166 billion in tariffs illegally collected from American importers, businesses, and consumers.
Two months after the Supreme Court ruled that President Trump's International Emergency Economic Powers Act (IEEPA)-based tariffs were illegal, the administration finally directed the Treasury Department to disburse refunds. Despite repeated claims that foreign countries would bear the costs, an analysis from the Congressional Budget Office and the Treasury Department states that Tru...