{"id":355145,"date":"2026-05-11T16:18:51","date_gmt":"2026-05-11T21:18:51","guid":{"rendered":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/first-wave-of-tariff-refunds-will-hit-some-businesses-tomorrow"},"modified":"2026-05-11T16:18:55","modified_gmt":"2026-05-11T21:18:55","slug":"first-wave-of-tariff-refunds-will-hit-some-businesses-tomorrow","status":"publish","type":"post","link":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/first-wave-of-tariff-refunds-will-hit-some-businesses-tomorrow","title":{"rendered":"First wave of tariff refunds will hit some companies tomorrow"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div data-testid=\"prism-article-body\">\n<p class=\"EkqkG IGXmU nlgHS yuUao MvWXB TjIXL aGjvy ebVHC \">The first wave of tariff refunds will reach some American businesses\u2019 bank accounts Tuesday, according to U.S. Customs and Border Protection (CBP).<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">The government launched an online portal last month where companies can file to get money back for tariffs they paid that were <a class=\"zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE \" data-testid=\"prism-linkbase\" href=\"https:\/\/abcnews.com\/Politics\/supreme-court-invalidates-trumps-tariffs\/story?id=129036085\" dir=\"ltr\">ruled illegal<\/a> by the Supreme Court, which said the administration exceeded its authority.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">More than 330,000 importers paid the tariffs, collected under the International Emergency Economic Powers Act (IEEPA), totaling $166 billion, CBP said.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">As of April 26, at least 75,000 businesses have applied for refunds, according to a court filing.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Trump has railed against the Supreme Court&#8217;s 6-3 ruling in the case, including two of the justices he appointed in his first term, Neil Gorsuch and Amy Coney Barrett. In April he said he would &#8220;remember&#8221; companies that didn&#8217;t seek a refund.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">A CBP spokesperson tells ABC News about 15% of the claims that have been submitted were rejected, typically due to incorrect information or ineligible shipments being included on a claim.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">In recent weeks, major companies like General Motors have said they expect hundreds of millions of dollars back in refunds. An analysis by Citi last month found Walmart is due $10 billion, Target is owed $2 billion, Nike is due $1 billion and Macy\u2019s is owed $320 million.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">But while the money will start flowing to businesses, consumers should not expect to see direct refunds. Many companies have said they\u2019ll use the refunds from the government to pay down debt, rehire employees, restock inventory or perhaps lower prices.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">It\u2019s less likely they will contact shoppers who paid higher prices over the past year to give money back for those purchases.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Shipping companies UPS, FedEx and DHL have said they will refund customers directly for packages that were subject to IEEPA tariffs.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC eTIW sUzSN \">The IEEPA tariffs alone cost the typical American household $700 last year, according to the nonpartisan Tax Foundation.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/abcnews.com\/Business\/wave-tariff-refunds-hit-businesses-tomorrow\/story?id=132854062\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first wave of tariff refunds will reach some American businesses\u2019 bank accounts Tuesday, according to U.S. Customs and Border Protection (CBP). The government launched [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":355148,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[17880,31187,31189,31188,1913,3296,2610,31190,557,1912,469],"class_list":["post-355145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-amy-coney-barrett","tag-cbp-spokesperson","tag-common-motors","tag-dhl","tag-federal-government","tag-fedex","tag-macys","tag-neil-gorsuch","tag-nike","tag-trump","tag-walmart"],"_links":{"self":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts\/355145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/comments?post=355145"}],"version-history":[{"count":2,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts\/355145\/revisions"}],"predecessor-version":[{"id":355147,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts\/355145\/revisions\/355147"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/media\/355148"}],"wp:attachment":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/media?parent=355145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/categories?post=355145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/tags?post=355145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}