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The USA must pay back money to companies

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The government of the USA pays back much money. It is 81 billion dollars. Different companies get this money. The Finance Ministry says this on Monday.

A court decision is the reason. The court is the Supreme Court. The judges say: The taxes on goods from Donald Trump were wrong. He used too much power.

Donald Trump wanted more money with these taxes. He wanted companies in the USA. Now many firms want their money back. Most payments happened in May and June.

The state has no money now. There is a big hole in the budget. The USA has many debts. The state must pay high interest. The war with Iran costs much money too.

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Definitions

Taxes on goods
A tax on goods is money for imports. You pay it when you buy things from another country.
Budget hole
A hole in the budget is when a state spends more money than it earns.
Finance Ministry
The Finance Ministry is an office. It manages the money and the taxes of a country.

People

Donald Trump
Donald Trump was the leader of the USA.

Locations

USA
The USA is a big country in North America.
Iran
The Iran is a country in Asia. There is a war between the USA and the Iran.

Sources

Logo ORF
ORF

US-Regierung zahlt Milliarden an Zollgebühren zurück

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Logo Standard
Standard

US-Regierung zahlt Milliarden an Zollgebühren an Unternehmen zurück

Read now
Logo The Guardian
The Guardian

US refunds $81bn in Trump tariffs after supreme court ruled them illegal

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Logo FAZ
FAZ

Business-Liveticker: US-Regierung zahlt 81 Milliarden Dollar Zollgebühren an Unternehmen zurück | FAZ

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