U.S. Treasury Reports $49.1 Billion in Tariff Refunds and $23.6 Billion in Revenue for June

The U.S. Treasury Department sent $49.1 billion in tariff refunds in June 2026 while collecting $23.6 billion in tariff revenue, producing a net negative balance of $25.5 billion. In May the department recorded $21.9 billion in both refunds and revenue for a net negative balance of $42 million.

Tariff revenue in June rose by about $1.7 billion from the prior month. The Supreme Court invalidated President Trump's blanket tariffs on February 20, 2026. A government-run refund portal opened in late April, and up to $166 billion in tariffs plus interest remains potentially eligible for refunds.

Monthly tariff revenue reached a peak of $31.35 billion in October 2025. The federal budget deficit for the period from October 2025 through June 2026 totaled $1.4 trillion.