Drudge Retort: The Other Side of the News
Wednesday, August 05, 2026

Donald Trump's administration has paid back $100bn (78bn) in "Liberation Day" tariff refunds to businesses through US customs officials. This represents roughly 60% of all tariff revenue collected by the government under the policy, according to a recent court filing from US Customs and Border Protection.

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Trump administration refunds $100bn in 'liberation day' tariffs ft.trib.al/UpKWNyw

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-- Financial Times (@financialtimes.com) 5:27 PM · Aug 4, 2026

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This money was stolen form everyday Americans who bought goods at inflated prices and then "refunded" to these companies after they passed their cost increases on to consumers. Perhaps the single largest theft in history. People should be outraged at this.

#1 | Posted by qcp at 2026-08-05 03:04 PM | Reply

This is the best Reverse Robin Hood since the Housing Bubble!
Then, the Banks got made whole, while consumers were left with over-inflated mortgage payments.
Now, Businesses get made whole, while consumers are left with tariff-inflated consumer goods payments.

Where I'm at, there is a plan to return tariffs to customers provided Trump returns it to us. We had to spend a million tweaking our business processes, just to be able to collect the tariffs. We won't be getting a refund for that wasted effort.

#2 | Posted by snoofy at 2026-08-05 03:09 PM | Reply

Oh c'mon did anyone really think this was going to end any differently?

The moment SCOTUS ruled against the tariffs, many said this would be the result. You were delusional if you didn't believe the companies wouldn't improve "shareholder value" and double dip with these "profits."

#3 | Posted by jpw at 2026-08-05 06:45 PM | Reply

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