‘Damage from the chaotic tariff regime cannot be refunded’: The $100 billion in refunds have wiped out revenue the import taxes brought in since May

Tariff refunds now exceed collections, tipping customs revenue negative (e.g., June refunds ≈ $49B vs. collections ≈ $24B).
Think tank warns the chaotic tariff regime has cost billions, raised prices (pharma/household goods up ~4%+) and disrupted supply chains and hiring.
Treasury has returned about $100B so far, more complex refunds (and interest) remain while legal fights and frequent tariff changes keep uncertainty high.