New issues arising from US tariff refunds: Delay of one month results in an additional $700 million in interest expenses.

After the U.S. Supreme Court declared the equivalent tariffs implemented by the Trump administration to be invalid, businesses and consumers are now demanding refunds of the tariffs paid to the U.S. government. However, a report has indicated that consumers may end up footing the bill for these tariffs. A report released by the libertarian think tank Cato Institute shows that around $175 billion in tariff revenue is being held by the U.S. Treasury, and the longer this money is delayed, the more interest accumulates, potentially resulting in American taxpayers having to pay up to $700 million in interest expenses per month.