Supreme Court-Driven Tariff Refunds Push U.S. June Deficit to $120 Billion
Refunds from court-invalidated tariffs reached $49.2 billion in June, according to Treasury data, helping push the deficit higher.
- Growing refunds from President Donald Trump's illegal tariffs pushed the June federal budget deficit up to $120 billion.
- The Treasury reported gross customs duty collections of $23.6 billion but refunds of $49.2 billion, resulting in a net outflow of $25.6 billion for June.
- The refunds began flowing in May after the U.S. Supreme Court in February struck down Trump's broadest and deepest global tariffs as illegal under the International Emergency Economic Powers Act.
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The US government has already repaid tens of billions of dollars of its customs duties before they are declared illegal by the Supreme Court, according to budgetary data published on Monday, reports The Guardian.
Hawaii Tribune-Herald
Tariff refunds push US June budget deficit to $120 billion
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 evidence of tariff success. The post Tariff refunds push US June budget deficit to $120 billion appeared first on Hawaii Tribune-Herald.
Washington. The U.S. government reimbursed several tens of billions of dollars to importers for customs duties collected before the Supreme Court declared them illegal, according to a public accounts report. Customs tariffs are a pillar of President Donald Trump’s economic and diplomatic policy.
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