Tariff Refunds
July 31 – August 25, 2026 Updated Aug 25
Every published chapter of The Fold's coverage of Tariff Refunds, in one place — oldest to newest, updated as the story develops.
Tariff refunds have reached $119bn, and the trade court is taking cases at a pace it has seen once before
Treasury’s daily ledger shows $118.9bn paid out through the Customs and Border Protection account in the first ten months of this fiscal year, against $10.8bn in all of the last one. The money started moving in May.
The trade court is having its second-heaviest year since 1999, not its heaviest. And our own July count of the 2020 wave was 220 cases short
The Court of International Trade has docketed 4,611 cases this fiscal year. That is second to fiscal 1999, when the Harbor Maintenance Tax ruling brought 6,433 — a year The Fold left out when it called this a pace seen once before.