Story perspectives

Trump Refunds $100 B After Supreme Court Blocks Tariffs

8/5/2026

Summary

Story summary

President Donald Trump’s administration refunded roughly $100 billion, about 60% of the $165 billion “liberation day” tariffs, after the Supreme Court ruled them illegal.
Federal deficit rose to $1.37 trillion in the first nine months of 2025, a 2% increase, while Trump imposed new 10%-12.5% tariffs on over 80 countries.
Twenty-five states and New York Attorney General Letitia James sued the Court of International Trade to halt the tariffs and order refunds.

1 of 1

Story summary

President Donald Trump’s administration refunded roughly $100 billion, about 60% of the $165 billion “liberation day” tariffs, after the Supreme Court ruled them illegal.
Federal deficit rose to $1.37 trillion in the first nine months of 2025, a 2% increase, while Trump imposed new 10%-12.5% tariffs on over 80 countries.
Twenty-five states and New York Attorney General Letitia James sued the Court of International Trade to halt the tariffs and order refunds.