Nintendo has urged a US court to dismiss a class-action lawsuit demanding it pass tariff refunds to customers, arguing buyers have no legal right to funds Nintendo may receive from the government. Similar lawsuits target Sony and Microsoft, following a Supreme Court ruling that deemed Trump-era tariffs illegal.
Nintendo has asked a US court to dismiss a class-action lawsuit seeking tariff refunds for customers who bought Switch consoles and accessories, arguing consumers have no legal right to refunds Nintendo may receive from the government. Similar lawsuits have been filed against Sony and Microsoft.
The US Treasury has started refunding $22 billion in tariffs after the Supreme Court canceled surcharges in February. The administration appealed the decision on June 2nd, potentially impacting these initial refunds.
A judge has ordered the immediate refund of duties, citing "growing inequity" between large and small businesses. Customs and Border Patrol plans to refund tariffs later, having processed $23 billion of an estimated $166 billion collected.
A US judge has warned the Justice Department about the risks of the Trump administration's appeal against a ruling ordering the refund of tariffs deemed illegal by the Supreme Court. Judge Richard Eaton cautioned that the appeal could disrupt an online claims system processing at least $85 billion in refunds.
The Trump administration is appealing a judge's order for refunds of US$166 billion in global tariffs, imposed by President Trump and later struck down by the Supreme Court. The appeal could impact ongoing repayment processes by US Customs and Border Protection.
The US Supreme Court struck down Donald Trump's tariffs, leading to $85bn in refunds for importers, with $20bn already refunded and $65bn pending, impacting businesses like Walmart and Jim Beam, and affecting US households with average $1,000 tax increase in 2025.
Despite President Trump's warnings, major US companies like Walmart, Apple, and Home Depot are seeking billions in refunds for tariffs previously paid. U.S. Customs and Border Protection has already processed over $35 billion, with the government owing approximately $166 billion overall. Companies cite fiduciary responsibility and business incentives, with some planning to reinvest refunds into U.S. innovation or keep prices low for consumers.
Amazon faces a class-action lawsuit in Seattle alleging it collected hundreds of millions in unlawful tariff costs by raising prices and then failed to refund consumers after the Supreme Court struck down Trump tariffs. The suit claims Amazon, as importer of record, pocketed funds owed to customers to gain political favor.
Walmart plans to use tariff refunds to lower store prices, citing shopper anxiety over rising fuel costs. CFO John David Rainey noted a "stress" indicator as customers buy less gas, with lower-income consumers being more budget-conscious.
US tariff refunds totaling up to $166 billion could boost Bitcoin's price by increasing bank reserves and easing inflation, but the impact depends on the speed of processing and importer behavior. Analysts watch closely for signs of this dual-channel effect.
After the Supreme Court ruled some of President Trump's tariffs unconstitutional, the first wave of tariff refunds have begun flowing in.
After the Supreme Court ruled some of President Trump's tariffs unconstitutional, the first wave of tariff refunds have begun flowing in.
The US Customs agency has processed $35.46 billion in refunds for tariffs deemed illegal, imposed by President Donald Trump last year.
Business owners may have to wade through paperwork, but the US government is now actually processing refundsWhen the supreme court struck down Donald Trump’s tariffs, many small importers assumed any refunds would be tied up in bureaucracy for years. Surprisingly, that’s not what’s happening.It’s estimated that roughly 330,000 importers paid more than $166bn in tariff fees imposed by Trump under the International Emergency Economic Powers Act (IEEPA). If your business was affected, here’s good news: you can get your tariffs refunded. You just need to be a little patient. Continue reading...
Business owners may have to wade through paperwork, but the US government is now processing refundsWhen the supreme court struck down Donald Trump’s tariffs, many small importers assumed any refunds would be tied up in bureaucracy for years. Surprisingly, that’s not what’s happening.It’s estimated that roughly 330,000 importers paid more than $166bn in tariff fees imposed by Trump under the International Emergency Economic Powers Act (IEEPA). If your business was affected here’s good news: you can get your tariffs refunded. You just need to be a little patient. Continue reading...
Richard Brown, a small sneaker reseller in Ohio, is among thousands of U.S. businesses struggling to get tariff refunds after the Supreme Court struck down most of President Trump's tariffs in February. His company Proof Culture estimates the government owes up to $25,000. Trade experts warn many small importers may never recover billions in duties due to complex refund processes.
Apple is pursuing refunds for tariffs paid to the U.S. government, with CEO Tim Cook stating recovered funds will boost American innovation and manufacturing. Several auto manufacturers are also seeking similar refunds.
Ford Motor Co. raised its 2026 full-year guidance after beating Wall Street expectations in Q1, reporting a $1.3 billion tariff refund benefit after the U.S. Supreme Court ruled some Trump tariffs illegal. The automaker posted adjusted EPS of 66 cents versus a 19-cent estimate, with automotive revenue of $39.82 billion. Adjusted EBIT tripled to $3.5 billion from $1 billion a year ago, while net income jumped to $2.5 billion. Updated guidance now targets adjusted EBIT of $8.5-$10.5 billion, up from $8-$10 billion.
General Motors is expecting a $500m refund after the US Supreme Court struck down Trump-era tariffs, boosting its 2026 outlook. The automaker raised its earnings forecast to $13.5bn-$15.5bn, while reducing anticipated tariff costs to $2.5bn-$3.5bn from the original $3bn-$4bn estimate. GM reported Q1 2026 earnings of $2.63bn on $43.62bn revenue. Over 330,000 importers paid approximately $166bn in now-overturned IEEPA tariffs.
A small business owner documented his experience attempting to obtain a tariff refund from the U.S. government through an audio diary, highlighting the complexities and challenges businesses face in recovering tariff payments.
Asos is seeking £7m in refunds for US tariffs paid in the first half of its financial year after the US Supreme Court struck down President Trump's 'Liberation Day' tariffs in February, ruling he had overstepped his powers. The company reported a narrowing pre-tax loss of £137.9m versus £241.5m a year earlier. Over 56,000 importers have already completed refund applications through the new portal, with claims worth $127bn, though some businesses reported technical issues.
