Since May the US collected in tariffs and refunded . The net: .
After the Supreme Court ruled on 20 February 2026 that the emergency-powers law does not allow tariffs, importers began getting money back. Customs still brings in about $25 billion a month, but a large part of it now goes straight out again.
Collected
Refunded
Net kept
1 / Guess first
Out of every $100 of customs duties collected from May to October 2026, how many dollars were paid back as refunds?
$30
2 / The monthly books
Tap or hover a bar. The Treasury refund line covers all customs refunds, not only refunds of the struck-down tariffs, but before May 2026 refunds never exceeded $2.0 billion in any month.
3 / The running tab since January 2025
cumulative collected cumulative net kept. The gap between the lines is the refunds paid out.
4 / Every month
Open the full table ( months)
Month
Collected $bn
Refunds $bn
Net $bn
Sources
US Treasury, Monthly Treasury Statement, Table 4 (receipts, Customs Duties, gross, refunds, net), via Fiscal Data API, accessed 13 November 2026, latest record month October 2026 (fiscal year 2027, month 1): fiscaldata.treasury.gov. All figures on this page are computed from it, in billions of dollars, rounded.
Supreme Court of the United States, Learning Resources, Inc. v. Trump, No. 24-1287, decided 20 February 2026: supremecourt.gov.
Secondary: Tax Foundation, "Tariff refunds wiped out tariff revenue since May" (3 August 2026, updated 1 September 2026), for the refund process through the Court of International Trade and CBP: taxfoundation.org. Its estimate of about $165 billion of such tariffs collected before the ruling is not verified in a primary source here.
Figures are cash receipts as the Treasury reports them. The Treasury does not break out which refunds relate to which tariff authority. Not an assessment of any policy.