President Donald Trump proclaimed that his failed tariff policies were an “incredible” success on Tuesday—the same day that his administration admitted that it had to pay back billions in illegally collected tariffs.
“Tariffs have been incredible. We’ve taken in hundreds of billions of dollars. Supreme Court gave us a little shot, but we’re allowed to do it in a different manner—they said that,” Trump told Fox News. “But we are anyway, regardless if we have the law.”
In a Tuesday filing with the U.S. Court of International Trade, the administration quietly admitted that it had refunded roughly $100 billion of the $166 billion that it brought in from tariffs under the policy instituted last year.
Trump issued those tariffs on his highly touted “Liberation Day” last April using the International Emergency Economic Powers Act. But in February, the…
