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U.S. Treasury Refunds Nearly $22B in Tariffs in May, Offsetting Monthly Collection

2026-06-10 19:46:09

According to a U.S. Treasury Department statement released this week, the department refunded nearly $22 billion in tariffs to importers in May. The refund amount marks a significant increase from $2 billion in April and represents the first major refund wave since the Supreme Court overturned most of former President Trump's tariff measures. The May refund total was roughly equivalent to the tariffs collected that same month, effectively offsetting each other.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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