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PBS News Hour - Segments

News Wrap: U.S. could start refunding invalidated tariffs in 45 days

PBS News Hour - Segments

PBS NewsHour

News, Daily News

4.11K Ratings

🗓️ 6 March 2026

⏱️ 5 minutes

🧾️ Download transcript

Summary

In our news wrap Friday, U.S. Customs and Border Protection says it should have a process ready in about 45 days to start refunding invalidated tariffs to hundreds of thousands of companies, storms are rolling across the central U.S. with forecasters warning of possible tornadoes and GOP Rep. Tony Gonzales is vowing to finish out his term after announcing he won't seek re-election. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

Transcript

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0:00.0

Today's other headlines, U.S. Customs and Border Protection says it should have a process ready in about 45 days to start refunding invalidated tariffs to hundreds of thousands of companies.

0:11.0

In a filing today, CBP told the Court of International Trade that it couldn't immediately comply with the judge's order to refund the tariffs after the U.S. Supreme Court recently ruled them illegal.

0:22.3

Many large companies, including Costco, FedEx, and Coles, have sued the Trump administration for

0:27.1

refunds. Some have pledged to pass on any compensation directly to customers.

0:32.8

Potentially dangerous storms are rolling across the central U.S. with forecasters warning of possible

0:38.1

tornadoes across multiple states. More than 7 million Americans from Texas to Iowa are at a higher

0:44.6

risk of severe weather. More heavy rain and strong thunderstorms will stretch into the upper

0:49.6

Midwest. By tomorrow, the risk will shift as far south as the Gulf Coast and to the eastern Great

0:55.8

Lakes. Authorities in Oklahoma say the storms have already claimed the lives of two people.

1:01.0

A police official there says a car crash involving a mother and daughter appear to be

1:05.4

tornado-related. Republican Congressman Tony Gonzalez of Texas is vowing to finish out his term after announcing he won't seek re-election.

1:14.8

The third term congressman faced increasing pressure after admitting to an affair with a staffer who later took her own life.

1:21.9

Just yesterday, House Speaker Mike Johnson and the Republican leadership had called on him to withdraw,

1:27.3

and the House Ethics

1:28.3

Committee had launched an investigation into his conduct.

1:31.9

On Wall Street today, stocks limped to the end of a week marked by war, economic concerns,

1:36.6

and rising oil prices.

1:38.2

The Dow Jones Industrial Average lost around 450 points on the day.

1:41.9

The NASDAQ fell roughly 360 points. The SMP 500 closed out its

1:46.7

worst week since last October. Tributes have been pouring in following the passing of

1:52.2

civil rights activist Bernard Lafayette. The Florida native is best known to history for his work

1:58.0

in Selma, Alabama, where he laid the groundwork for the voter

...

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