Treasury Refunds $81 Billion After Court Voids Trump's Tariffs
The Supreme Court ruled in February that emergency law never authorized the tariffs, and customs revenue has bled red since May.
- Learning Resources, Inc. v. Trump found IEEPA grants no tariff power, decided February 20, 2026.
- Monthly Treasury customs duty receipts turned sharply negative in May and June 2026, Treasury data show.
- The $81 billion refund reverses duties collected under emergency powers invoked without congressional authorization.
Why it matters: A government collecting money it has no legal power to collect is merely spending what belongs to others.
US Treasury Fiscal Data (Monthly Treasury Statement, customs duties) and Supreme Court opinion, Learning Resources, Inc. v. Trump ↗ · Jul 14, 20267/14/26 · ✓ Checked✓ Check