US Customs Refunds Over $1 Billion in Trump Tariffs to Indian Exporters After 26%-50% Duties Voided
Updated
Updated · Moneycontrol · Jul 14
US Customs Refunds Over $1 Billion in Trump Tariffs to Indian Exporters After 26%-50% Duties Voided
3 articles · Updated · Moneycontrol · Jul 14
Summary
More than $1 billion has already started reaching Indian exporters in sectors including textiles, seafood, and gems after US Customs began reimbursing duties collected under Trump-era tariffs.
The payouts follow the US Supreme Court’s Feb. 20 ruling that tariffs imposed under the IEEPA were unlawful and had to be refunded because tariff authority rests with Congress, not the president alone.
CBP refunds go only to the US Importer of Record, leaving Indian exporters dependent on American buyers to pass the money on; processing typically takes about 90 days and claims face close scrutiny.
The tariffs had hit Indian shipments with an extra 26% from April 2025, rising to as much as 50% on some products in August, even as India’s goods exports to the US still rose 5.77% to $72.4 billion in April-January 2026.
The Indian refunds are part of a much larger unwind: a previous report said the US had returned $81 billion in illegal Trump-era tariffs this fiscal year after the court decision.