Global Markets
Home›Global Markets›Trade & Tariffs›Trump administration refunds $100bn in tariff duties r…
Trump administration refunds $100bn in tariff duties ruled illegal
The refunds total about 60% of the roughly $165bn collected before the Supreme Court struck down part of the extra tariffs in February.
The Trump administration has refunded about $100bn of the tariff duties it collected before the US Supreme Court ruled the levies illegal, according to a report cited by the Financial Times and customs officials. The $100bn figure represents about 60% of roughly $165bn in “liberation day” tariff collections.
The refunds follow a February Supreme Court decision that invalidated part of the additional tariffs imposed by the Trump administration, prompting the government to return money to companies that had paid the duties.
Tariffs have been central to the administration’s economic plan since it returned to office, with the White House arguing the measures support domestic production, improve trade outcomes, and help close the federal budget deficit. The Guardian notes the deficit rose to $1.37tn in the first nine months of the fiscal year, up 2% from the same period in 2025.
Separately, a coalition of 25 US states sued the administration in the US Court of International Trade, arguing the newer tariff regime is a pretext for replacing import taxes invalidated by the Supreme Court. The states asked the court to stop the tariffs, declare them unlawful, and order refunds for duties already paid.