U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war

Photo: President Donald Trump delivers remarks on the Supreme Court ruling on tariffs in the James S. Brady Press Briefing Room of the White House, Friday, February, 20, 2026. Photo credit: Official White House photo by Patrick B. Ruddy via Flickr. US government work. Article by Sasha Rogelberg, Fortune. Yahoo Finance UK – July 17, 2026.

American companies are finally getting relief from tariff refunds—only it’s just in time for a new wave of inflationary economic factors. The U.S. Customs and Border Protection issued $49.2 billion in refunds in June, according to the U.S. Treasury’s monthly statement, bringing total tariff refunds to about $71 billion, or more than 60% of the $166 billion available following the Supreme Court striking down tariffs under the International Emergency Economic Powers Act (IEEPA) in February. […]

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