Businesses that paid tariffs later ruled illegal by the U.S. Supreme Court will be able to start claiming refunds starting Monday.
As of 8 a.m., refund requests can be submitted through the U.S. Customs and Border Protection by any entity that officially paid the tariffs imposed under President Donald Trump’s International Emergency Economic Powers Act.
This does not include those indirectly affected by Trump’s policies, like everyday consumers.
Refund requests are expected to be fulfilled within 60 to 90 days after a list of duties, submitted through the CBP’s program, is validated and accepted. The businesses are not obligated to share the proceeds with their customers. Costco Wholesale Corp. in March was one company that said it would lower prices for customers if issued a refund.
The Supreme Court in February ruled 6-3 that Trump imposed the tariffs without the constitutional authority to do so.
More than 330,000 importers paid about $166 billion on over 53 million shipments following Trump’s order, The Associated Press reported, citing CBP’s court filings.
As of last week, more than 56,000 importers had reportedly registered for the CPB’s electronic payment system and were eligible for $127 billion in refunds.