Trump Tariffs Refunded: $81 Billion to Corporations, Not Consumers
The US government has returned $81 billion in tariffs collected this fiscal year, a significant increase attributed to a Supreme Court ruling that found a substantial portion of President Trump’s ordered tariffs illegal. This mandated repayment has reversed the deficit-reducing effect of those tariffs, with the federal deficit now growing again. Despite the expiration of a global tariff set for July 24th, the administration is reportedly developing new duties related to labor laws and industrial capacity.
John Q. Hosedrinker