Companies Start Receiving $35.46 Billion in Tariff Refunds After Court Voids Trump-Era Duties
Updated
Updated · CNBC · May 12
Companies Start Receiving $35.46 Billion in Tariff Refunds After Court Voids Trump-Era Duties
4 articles · Updated · CNBC · May 12
Oshkosh and Basic Fun said Tuesday they have begun receiving the first tariff refund payments, months after the Supreme Court struck down some Trump-era duties.
CBP told the court it expected to repay $35.46 billion tied to 8.3 million shipments, though the first phase covers only entries finalized within the past 80 days.
Basic Fun said the initial payment equals about 5% of its early claims and plans to use the cash to support 2026 operations, raise salaries and fund promotions.
UPS, FedEx and DHL have said they will file refund claims for customers, while Trump called the repayments "crazy" and said he would fight them after the February ruling invalidated tariffs imposed under the 1977 emergency powers law.
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?