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The Nexus
BUSINESSJul 14 · 12:20 UTCQUARTZCris Tolomia

U.S. tariff refunds surged to nearly $50 billion in June, outpacing new revenue

U.S. tariff refunds reached nearly $50 billion in June, with the Treasury paying out more than twice the amount collected in customs duties. The fiscal cost is linked to the Supreme Court's tariff ruling.

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US TreasuryorganizationSupreme Courtorganizationtariff rulingtopiccustoms dutiestopictariff refundstopic
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