US refunds $81bn in Trump tariffs after supreme court ruled them illegal
Summary
The US government has refunded $81 billion in tariffs collected under President Donald Trump’s trade policies after the Supreme Court ruled many of these tariffs illegal. Most of these refunds were paid in May and June of the current fiscal year, following the court’s decision earlier this year.Key Facts
- The Supreme Court declared a large part of President Trump’s tariffs illegal in February.
- Since October 2025, the US refunded $81 billion to companies that paid the tariffs.
- Last year, refunds during the same period were only $5 billion.
- The increase in refunds is mainly due to the Supreme Court ruling.
- Tariffs are taxes on goods imported from other countries.
- The federal budget deficit grew by 2% to $1.367 trillion in the first nine months of the fiscal year.
- The US spent over $1 trillion on interest payments for its national debt, a 14% increase.
- Military spending rose 5% because of the conflict in the Middle East.
- The current 10% global tariff is set to expire on July 24, with possible new tariffs planned.
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