Although Trump said $159 billion was at issue, Customs and Border Protection has put the figure at $166 billion, plus interest, in court records.

Scott Nevil is an experienced writer and editor with a demonstrated history of publishing content for Investopedia. He goes in-depth to create informative and actionable content around monetary policy ...

Costco and other retailers await refunds for illegal Trump-era tariffs, with Costco promising customer savings. US Customs is overwhelmed by $166 billion in refund requests from 333,000 importers.

President Donald Trump ordered a 100% tariff on brand-name pharmaceuticals produced overseas as his administration escalates efforts to push drug companies to manufacture in the United States. Trump ...