US June budget deficit widened to $120 billion after Treasury refunded $49.2 billion in invalidated Trump-era tariffs.

US June budget deficit hits $120B due to tariff refunds. Inflation at 3.8% in June priced at 48.9% YES.

The gap for the first nine months of fiscal 2026 came to US$1.37 trillion, Treasury Department data showed on July 13. Read more at straitstimes.com. Read more at straitstimes.com.

Government had been forced to pay back duties to companies that imported goods into the US that were hit by Trump’s tariffs

Devoluções chegaram a US$ 49,2 bilhões em junho; valor contrasta com superávit de US$ 27 bilhões registrado no mesmo período em 2025

The US government has refunded tens of billions of dollars in collected tariffs after the Supreme Court struck down a major portion of President Donald Trump's extra tariffs…

US June budget deficit widened to $120 billion after Treasury refunded $49.2 billion in invalidated Trump-era tariffs.

The US government has refunded $81 billion in tariffs after the Supreme Court deemed them illegal, marking a significant reversal of Donald Trump's economic policies.

The US government has refunded $81 billion in tariffs this fiscal year after the Supreme Court struck down Trump's IEEPA tariffs 6-3, widening the federal

The US government has so far paid back $81 billion in tariffs to companies since the Supreme Court ruled in February that those tariffs were illegal, according to federal budget…