Refunds for tariffs imposed by US President Donald Trump are set to begin rolling out to American businesses soon. This comes after the US Supreme Court ruled that certain import taxes imposed by Trump were unconstitutional. According to a report by the news agency AP, the refund system, administered by US Customs and Border Protection (CBP), is scheduled to go live this week. This will allow importers and brokers to begin filing claims through an online portal. The move could give American companies that paid tariffs on imported goods billions of dollars back. Big stores like Walmart are likely to get big checks. The rollout is the first step in a process that may eventually include consumers as well, though it is still unclear if refunds will be available at that level.According to CBP, importers must submit declarations detailing the goods on which tariffs were paid. If approved, refunds are expected to be issued within 60 to 90 days. The agency said it will process claims in phases, starting with more recent tariff payments, while technical and procedural factors could affect timelines.CBP said more than 330,000 importers paid around $166 billion in tariffs across over 53 million shipments. As of April 14, about 56,497 importers had registered for the agency’s electronic payment system, making them eligible for refunds totaling $127 billion, including interest.However, not all payments qualify in the initial phase. The rollout is limited to cases where tariffs were estimated but not finalized, or where claims fall within 80 days of final accounting.
What legal experts have advised companies that are set to claim Trump tariff refunds
Legal experts have advised companies to proceed carefully when submitting claims. Meghann Supino, a partner at Ice Miller, said accuracy will be important during the filing process.“If there is an entry on that file that does not qualify, it may cause the entire entry to be rejected, or that line item might be rejected by Customs,” she told AP.She also noted potential technical challenges as the system launches. “Like any electronic online program that goes live with a lot of interest, I would expect that there might be some hiccups with the program on Monday. So we continue to ask everyone to be patient, because we think that patience will pay off,” Supino added.Nghi Huynh, partner-in-charge of transfer pricing at Armanino, said companies need to closely track their submissions. “It’s about having a clear process in place and keeping track of what’s been submitted and what’s been paid, so nothing falls through the cracks. Each file can include thousands of entries, but accuracy is critical, as submissions can be rejected if formatting or data is incorrect,” she noted.On February 20, the US Supreme Court ruled 6-3 that Trump went too far by imposing tariffs under a 1977 emergency powers law. The court said the trade deficit was a reason for the tariffs. The ruling didn’t directly address refunds, but a later decision by the US Court of International Trade said that affected companies should get their money back.Small businesses are also preparing to file claims. Brad Jackson, co-founder of After Action Cigars in Minnesota, said his company paid $34,000 in tariffs last year and is now preparing documentation for submission.“My main concern is the turnaround time. A refund process that takes several months to complete doesn’t solve the cash flow problem that it is supposed to fix,” Jackson noted.Businesses will get refunds directly, but consumers may not always benefit. Some businesses had raised prices to cover the cost of tariffs, but they don’t have to give that money back. Companies like Costco and EssilorLuxottica are being sued in separate class-action lawsuits to recover money for customers.Delivery firms such as FedEx and UPS, which collected tariffs directly from consumers in some cases, may be more likely to issue refunds. FedEx said it plans to return tariff-related payments once it receives them from CBP.“Supporting our customers as they navigate regulatory changes remains our top priority. We are working with our customers as CBP begins processing refunds and plan to begin filing claims on April 20,” the company added.The refund rollout is an early step to address the financial impact of the tariffs, and payments will be distributed gradually as claims are processed.
