Updated

Updated · CNBC · May 12

Oshkosh, Basic Fun Receive First Tariff Refunds as CBP Starts Paying $35.46 Billion

Updated

Updated · CNBC · May 12

Oshkosh, Basic Fun Receive First Tariff Refunds as CBP Starts Paying $35.46 Billion

4 articles · Updated · CNBC · May 12

Oshkosh and Basic Fun said Tuesday they had begun receiving tariff refunds, marking the first confirmed company payouts months after the Supreme Court struck down some Trump-era duties.
Basic Fun said the money received so far covers only 5% of its claim on early invoices, while Oshkosh said it has not yet verified its total refund amount.
CBP told the court it expected to pay $35.46 billion on 8.3 million shipments, with the first phase covering entries finalized within the past 80 days and broader processing likely to take months.
UPS, FedEx and DHL have said they will file refund claims for customers, while Trump called the repayments "crazy" and said, "We'll fight that."
The refunds stem from the Supreme Court's February ruling that invalidated tariffs imposed under the International Emergency Economic Powers Act of 1977.

After securing billions in tariff refunds, will companies be forced to pay back the consumers who shouldered the cost?

As companies claim billions in refunds, could consumer lawsuits become a bigger threat than government scrutiny?

With old tariffs voided and new ones imposed, how can businesses navigate America's unpredictable trade policy?