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Tariff Refund Progress
Comparison of approved refunds versus projected total refund program value.
Primary Sources
US tariff refunds begin. Who keeps the money? | trans.info
US Customs has begun processing billions of dollars in refunds for import tariffs that were later ruled unlawful, creating a new cashflow and customer-relations issue for importers, brokers and logistics providers. There is a person behind this text – not artificial intelligence. This material was entirely prepared by the editor, using their knowledge and experience. According to Reuters, truck manufacturer Oshkosh and toy maker Basic Fun are among the first companies to receive partial repayments. But as money starts to move, so does a more awkward question: whether importers keep the refunds, or pass them on to customers who ultimately absorbed the higher costs. The refunds follow the US Supreme Court’s February ruling that tariffs imposed under the International Emergency Economic Powers Act, or IEEPA, were unlawful. The duties had been introduced during Donald Trump’s second administration and applied to a large volume of US imports. Reuters reported, citing a court filing, that US Customs and Border Protection had completed processing refund calculations worth $35.46 billion, including interest, by 11 May 2026. The figure covers 8.3 million shipments, but represents only part of the total amount expected to be returned. The wider refund programme could reach around $166 billion, according to court filings cited by Reuters. More than 330,000 importers paid the duties across roughly 53 million entries. Oshkosh, which manufactures heavy trucks and specialist vehicles, confirmed to Reuters that it had begun receiving refunds, although it did not disclose the amount. Basic Fun, a US toy company, said it had received $400,000 out of a total $7.4 million claim. Its chief executive, Jay Foreman, told Reuters that the company was still waiting for the majority of the refund. Why customers may also want a share The refund process is not only a customs issue. It also raises a commercial question across supply chains. The money is paid to the importer of record, or to the authorised party handling the customs process. But in many cases, tariff-related costs were passed on through higher prices, surcharges or adjusted supply contracts. Reuters reports that some customers have already started asking importers whether they will receive part of the refund. That could leave companies facing difficult conversations if the business that receives the money is not the same party that ultimately carried the cost. Refunds are not automatic, though. CBP has launched a new CA...
Forgotten passwords, misclassified handbags: Businesses face headaches ...
Forgotten passwords, misclassified handbags: Businesses face headaches getting tariff refunds By Alex Bitter You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Some businesses are still trying to access a government website to file for refunds for Donald Trump's tariffs. CN-STR / AFP via Getty Images Megan Sweeney wants hundreds of thousands of dollars back that her business spent on tariffs over the past year.There's one problem: She hasn't been able to log into the government's website for refunds.Sweeney, CEO of Pacific International Bearing, a California-based company that sells ball bearings, has spent several weeks trying to access an online US Customs and Border Protection portal known as ACE before she can apply for a tariff refund.No one at PIB has logged on to the website in years, Sweeney said. On Tuesday, she spent an hour and a half on the phone with CBP, attempting to reset the password, before gaining access. "We never had the need to be active on the ACE portal," she said.While some businesses have started seeing refund payments land in their accounts, others are still trying to file their refunds or gather the records they need to do so. It's especially tough for companies like Sweeney's, which can't tie up capital for long and don't have the staff that bigger corporations do."For a small business, the process is much more difficult with limited time and resources," she said.CBP did not respond to a request for comment on this story. In late April, a spokesperson told Business Insider that the agency was experiencing higher call volumes and longer wait times as its online portal saw more users. CBP added new help options, such as a self-service password reset option and a callback feature, the spokesperson said at the time.CBP said in a recent court filing that it had approved about $35.5 billion in tariff refunds as of May 11.A little-used website becomes essentialAccessing ACE remains one of the hurdles companies face in getting a refund, said Justin Sherlock, cofounder and CEO of AI tariff software provider Caspian.Some of Caspian's customers are in a similar position and have spent weeks contacting CBP support to get their login credentials, Sherlock told Business Insider.The website is similar to the IRS's tax transcripts, which show a taxpayer's tax history, Sherlock said: Everyone can access their transcript, but few ever do."If you were doing fewer than a couple thousand shipmen...
Tariff refunds for businesses are rolling out - Marketplace
Tariff refunds are rolling out Business owners are skeptical that tariff uncertainty is over, even as money is deposited into their bank accounts.
Portland businesses hit hard by tariffs await refunds months after ...
In February, the U.S. Supreme Court struck down tariffs imposed by President Trump under a 50-year-old statute. We hear from two CEOs in Portland about the impact the tariffs have had on their ...
