for those of you that paid them...I'd ask about a refund. From Bloomberg:
By Daniel Flatley and Laura Curtis
June 10, 2026 at 1:37 PM CDT
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The US Treasury refunded nearly $22 billion in tariff revenue collected from importers in May, the first swath of such repayments since the Supreme Court struck down a major component of President Donald Trump’s trade policy.
The amount of customs duties refunded surged from $2 billion in April, according to a Treasury Department statement Wednesday. Overall, the deficit narrowed to $1.25 trillion for the first eight months of the fiscal year, representing a 9% decline from the same period last year.
Meanwhile, revenue from tariffs peaked in October. In May, the amount of tariff refunds was roughly equal to customs duties taken in, meaning that one essentially canceled the other out, the statement shows.
The administration began processing refunds in April after the Supreme Court ruled that President Donald Trump didn’t have the authority to impose tariffs using the International Emergency Economic Powers Act. But the eventual extent of the reimbursements remains uncertain after the administration appealed a court order to refund every importer who paid the $166 billion collected under IEEPA authority.
When Treasury Secretary Scott Bessent was asked about the tariff refund case during a congressional hearing last week, he said the money would be returned to the companies that imported the tariffed goods.
By Daniel Flatley and Laura Curtis
June 10, 2026 at 1:37 PM CDT
Save
Translate
Listen
1:21
The US Treasury refunded nearly $22 billion in tariff revenue collected from importers in May, the first swath of such repayments since the Supreme Court struck down a major component of President Donald Trump’s trade policy.
The amount of customs duties refunded surged from $2 billion in April, according to a Treasury Department statement Wednesday. Overall, the deficit narrowed to $1.25 trillion for the first eight months of the fiscal year, representing a 9% decline from the same period last year.
Meanwhile, revenue from tariffs peaked in October. In May, the amount of tariff refunds was roughly equal to customs duties taken in, meaning that one essentially canceled the other out, the statement shows.
The administration began processing refunds in April after the Supreme Court ruled that President Donald Trump didn’t have the authority to impose tariffs using the International Emergency Economic Powers Act. But the eventual extent of the reimbursements remains uncertain after the administration appealed a court order to refund every importer who paid the $166 billion collected under IEEPA authority.
When Treasury Secretary Scott Bessent was asked about the tariff refund case during a congressional hearing last week, he said the money would be returned to the companies that imported the tariffed goods.
