U.S. tariff refunds hit $81 billion after Supreme Court ruling against Trump levies
Treasury data show repayments tied to the court’s invalidation of Trump’s IEEPA tariffs helped push the U.S. to a $120 billion June deficit as receipts fell and refund claims continue.
Multiple independent authoritative sources corroborate the core claim. The Guardian and New Indian Express (AFP) both report that the U.S. has refunded approximately $81 billion in tariffs this fiscal year, following the Supreme Court's February 2026 ruling that Trump's IEEPA-based tariffs were illegal. The Tax Foundation confirms the SCOTUS ruling struck down the tariffs and directed the process to refund importers. The $81 billion represents refunds already issued this fiscal year (mostly May-June 2026), while total IEEPA collections exceeded $160 billion, so the full refund obligation is larger. The claim's essential elements—Supreme Court ruling tariffs illegal, forcing refunds around $81 billion—are accurate.
U.S. tariff refunds have reached $81 billion in the fiscal year that began in October 2025, up from $5 billion a year earlier, after a 6-3 Supreme Court ruling in February struck down President Trump’s broad tariffs imposed under the International Emergency Economic Powers Act. Treasury data show most repayments were made in May and June, and the surge in refund payments was a major factor in the U.S. Treasury’s $120 billion June deficit, which reversed a $27 billion surplus a year earlier as receipts fell $31 billion to $496 billion. Estimates in May put the total refund obligation at roughly $149 billion to $166 billion, plus interest and administrative costs, suggesting Treasury may still have substantial payouts ahead.
- International Emergency Economic Powers Act: A 1977 U.S. law that gives the president certain powers during national emergencies, which the court said did not authorize these broad tariffs.
- reciprocal tariffs: Import duties imposed in response to or mirroring trade barriers from other countries.
- deficit: When government spending exceeds revenue in a period.