Tax Foundation

“In May, when the U.S. Customs and Border Protection (CBP) rolled out its online tariff refund portal, the U.S. Treasury refunded $21.97 billion, exceeding the $21.93 billion it collected that month”

“In June, the balance sheet became even more lopsided, with $49.18 billion refunded as compared to the $23.63 billion collected, resulting in a net customs revenue of negative $25.56 billion”

“After collecting $166 billion in revenue from tariffs imposed under the International Emergency Economic Powers Act (IEEPA), the Supreme Court struck down the levies in February, resulting in a manda…”

“The Treasury Department has already given out $100 billion in refunds since May, crossing the halfway point of total revenue collected through IEEPA tariffs”

“But the Tax Foundation suggested the remaining $66 billion will be harder to distribute”