How the US Government Plans to Refund $166 Billion in Tariffs

How the US Government Plans to Refund $166 Billion in Tariffs

From Big Take by Bloomberg and iHeartPodcasts

April 30, 2026 · 19 min

About this episode

The episode discusses the US government's plan to refund $166 billion in tariffs following a Supreme Court ruling.

The US government is required to pay back $166 billion in revenue it collected as part of sweeping global tariffs struck down by the Supreme Court earlier this year. On today’s Big Take podcast, host David Gura talks with Bloomberg economics reporter Laura Curtis and a trade expert in the field about the logistics of that payout, whether any of that money will reach consumers and how political pressure might push some companies to skip a refund altogether. Read more:  Oaktree Capital Accuses BJ’s of Breaching Tariff Refund Deal   In Tariff Refund Process, First Payment Set to Go Out May 11   We have a special Bloomberg subscription offer for podcast listeners at  Bloomberg.com/podcastoffer. Hosted by David Gura; Produced by Rachael Lewis-Krisky; Reported by Laura Curtis; Edited by Jeffrey Grocott and Tracey Samuelson. Fact-checking by Eleanor Harrison-Dengate; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer. See omnystudio.com/listener for privacy information.

People in this episode

Host: David Gura

Guest: Laura Curtis

Topics covered

  • tariffs
  • government refund
  • trade
  • economics
  • political pressure
  • consumer impact

Keywords

  • tariffs
  • refund
  • US government
  • Supreme Court
  • trade expert
  • consumer impact
  • political pressure

Mentioned in this episode

Organizations: Bloomberg, iHeartPodcasts, Oaktree Capital, BJ’s

Places: US, Supreme Court

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