Back to today’s briefing

Story perspectives

US Tariff Revival Projects $1T Revenue, Court Orders $100B Refunds

8/1/2026

28 2 Full Breakdown

Summary

Story summary

The United States revived tariffs after a setback, projecting nearly $1 trillion in added revenue over the next decade.
The Supreme Court ordered up to $100 billion in refunds in February 2026 after $189 billion in tariff revenue was collected from October 2025 to May 2026.
Effective tariff rates climbed to about 11-12% as import prices rose 7.1% between June 2025 and June 2026, with China-origin goods up 0.9%—the biggest jump since January 2008.

1 of 1

Story summary

The United States revived tariffs after a setback, projecting nearly $1 trillion in added revenue over the next decade.
The Supreme Court ordered up to $100 billion in refunds in February 2026 after $189 billion in tariff revenue was collected from October 2025 to May 2026.
Effective tariff rates climbed to about 11-12% as import prices rose 7.1% between June 2025 and June 2026, with China-origin goods up 0.9%—the biggest jump since January 2008.