Politics
US refunds $81bn in tariffs after Supreme Court ruling
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US refunds $81bn in tariffs after Supreme Court ruling
The US government has repaid $81bn in tariffs collected before the Supreme Court ruled them illegal in February, budget data shows.
- A Treasury Department official attributed the refund spike to the court decision, with most payments occurring in May and June.
- The federal deficit reached $1.367tn in the first nine months of the fiscal year, up 2% from the prior year.
- The administration's temporary 10% global tariff expires on July 24, but the White House is preparing new duties citing forced labor and industrial capacity concerns.
TopicsRefundsadministrationTaxfiscal-yearforced-labordeficitbaseWhite HouseLawindustrial-capacityFinancegovernmentpolicyeconomytradeSupreme CourtbudgetNewsglobal-tarifftariffs
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