August 12, 2026MacroPolitics·Bearish·fiscal
US paid out more in tariff refunds than it collected in July
The US government paid out more in tariff refunds than it collected in July, contributing to a record $432 billion July budget deficit driven by higher spending and tariff refunds.
Detected & updated continuously · Source: Nebula
Story subjects
United States Governmenttariff refunds
Sources
@YahooFinance
The US government paid out more in tariff refunds than it actually collected in July. https://t.co/NDzibmwQrv https://t.co/uAHWNS6lTe
@Kalshi
JUST IN: US paid out more in tariff refunds than it collected last month
@PolymarketMoney
JUST IN: U.S. July budget deficit hits a record $432,000,000,000.00 as higher spending and tariff refunds drive the shortfall.