Get the app →
BriefTea logoBriefTea

Every story in sixty words

Get the free app no ads · no paywall

Business · 14 July 2026

US refunds $81 billion in illegal Trump tariffs

US refunds $81 billion in illegal Trump tariffs

work prepared by an officer or employee of the United States Government via Wikimedia Commons (Creative Commons CC0 License)

Following a Supreme Court decision declaring them unlawful, the United States government has reimbursed numerous billions in tariff payments. As of October 2025, the current fiscal year has seen $81 billion reimbursed, marking a substantial rise from $5 billion during the corresponding period last year. Most of these refunds happened in May and June, pushing the June federal budget deficit to $120 billion.

Reported by Guardian · How we write briefs

More briefs

PoliticsHealey Rejects Mansion Tax Change That Would Double Homes Affected BusinessOfgem Plans Charge That Could Make Cheap Energy Deals Harder to Find BusinessBank of England's Bailey Says Inflation Pressures Subdued as Rate Rise Looms BusinessLockheed Martin may build UK's new £2bn Skynet satellites BusinessKFC dropping Pepsi for Coca-Cola in all US restaurants by early 2027 BusinessSome Anthropic investors reportedly eye $1.5tn valuation, down from the $2tn expected More business stories → Browse all stories →