The US paid out $26 billion more in refunds than it collected in June after a February Supreme Court decision struck down most of the Trump administration’s levies, contributing to a widening $120 billion monthly deficit.
Semafor's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Government had been forced to pay back duties to companies that imported goods into the US that were hit by Trump’s tariffs The US government has already paid back tens of billions of dollars in tariffs it collected before the supreme court ruled them illegal, according to budget figures released on…
WASHINGTON — Growing refunds from President Donald Trump's illegal tariffs pushed the June federal budget deficit up to $120 billion, the U.S. Treasury Department said Monday, marking a sharp turnaround from the $27 billion surplus in June 2025 that was…
WASHINGTON — Growing refunds from President Donald Trump’s tariffs, after they were ruled illegal, pushed the June federal budget deficit to $120 billion, the U.S. Treasury Department said on Monday, a sharp reversal from the $27 billion surplus in June 2025 that the administration touted as evidenc…
The US government has been forced to pay billions in refunds to companies that were hit by Donald Trump’s ‘liberation day’ tariffs. The US has paid out $81bn (£61bn) this fiscal year after the supreme court ruled the tariffs were illegal.
The US paid out $26 billion more in refunds than it collected in June after a February Supreme Court decision struck down most of the Trump administration’s levies, contributing to a widening $120 billion monthly deficit.
Tariff refunds weigh on federal budget | Since Then
