U.S. tariff refunds surged to nearly $50 billion in June, outpacing new revenue
The Treasury paid out more than twice what it collected in customs duties last month, deepening the fiscal cost of the Supreme Court's tariff ruling
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US Treasury Refunds $22 Billion in Tariffs After Supreme Court Ruling
The US Treasury refunded nearly $22 billion in tariff revenue collected from importers in May, the first swath of such repayments since the
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The U.S. Treasury reports tariff refunds contributed to a $120 billion federal budget deficit in June, reversing a prior surplus. The post T
Tariff Refunds Cause National Deficit to Balloon in June
According to a monthly statement from the Treasury Department, $49.1 billion in tariff refunds were sent back to importers during the month
Trump administration races the clock to rebuild US tariff wall knocked down by Supreme Court
The U.S. Treasury last year swelled with revenue from President Donald Trump's double-digit taxes on imports from almost every country on ea
US June budget deficit hits $120 billion amid tariff refunds
US June Budget deficit hits $120 billion amid tariff refundsA massive wave of federal refund payments for import tariffs recently declared i
Trump administration races the clock to rebuild US tariff wall knocked down by Supreme Court
The U.S. Treasury last year swelled with revenue from President Donald Trump’s double-digit taxes on imports from almost every country on ea
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