US retailer Target reported receiving a $994 million pre-tax tariff refund from the US government, which doubled its second quarter operating income to $2.6bn. The rebates follow a Supreme Court ruling declaring previous import tariffs unlawful.
Target reported a 5.3% increase in net sales for the second quarter, exceeding Wall Street expectations. The results were bolstered by $752 million in tariff refunds, prompting the retailer to raise its full-year earnings and sales growth outlook.
Major U.S. corporations are receiving significant refunds for previously paid, unlawful Trump-era tariffs. While large firms report a smooth repayment process, experts note that ongoing tariffs and complex supply chains make it unlikely that consumers will see price drops.
The US Supreme Court rejected Verizon's petition for a $47 million refund on an FCC fine related to the sale of mobile user location data, leaving the telecom carrier with fewer legal avenues than its competitors.
Flipkart, Amazon, and Meesho emerged as the top three e-commerce platforms with the highest consumer grievances on the National Consumer Helpline in 2025, according to government data shared in Parliament.
Colts cornerback Sauce Gardner filed a $1.4 million lawsuit in Wayne County Circuit Court against contractor Nicholas Sanborn, alleging fraud, breach of contract, and unauthorized promotion involving a Detroit apartment building renovation.
Arizona's crypto ATM law has helped 35 scam victims receive full refunds totaling $171,332 since taking effect in September 2025, according to the state's attorney general.
The Delhi High Court ordered a builder to refund Rs 18 lakh with 6% annual interest to a family of homebuyers, ruling that a previous settlement was signed under coercion and the forfeiture of earnest money was illegal.
A Gurugram consumer commission ruled against Red Tape for charging a customer Rs 30 for carry bags, ordering a refund, 9 percent interest, and compensation for mental harassment and litigation.
Typhoon-related flight disruptions affected airports in Ningbo, Wenzhou, Taizhou, Hangzhou, and Shanghai, with hundreds of delays and cancellations reported by Saturday evening.
Apple plans to reinvest its multibillion-dollar tariff refund into shifting supply chains to the U.S., contrasting with smaller businesses using refunds merely to pay off debt and survive following the Supreme Court striking down previous tariffs.
Nintendo reported a 53.5% profit surge to ¥147.4bn over three months, beating forecasts, driven largely by a refund on US tariffs after a supreme court ruling.
Visa is expanding stablecoin payment options through a partnership with Zerohash, allowing Visa Direct clients to prefund accounts and send payouts using stablecoins.
The US administration has paid back $100bn in tariff refunds to businesses following a Supreme Court decision ruling previous import tariffs unlawful.
The US administration has refunded about $100bn in tariffs after the Supreme Court ruled against the use of emergency powers to impose duties, according to customs officials.
The Trump administration has refunded about $100 billion of tariff revenue collected before duties were struck down by the Supreme Court, representing 60% of roughly $166 billion raked in under IEEPA tariffs.
The Trump administration has refunded about $100bn from tariffs collected before the US supreme court ruled them illegal. Meanwhile, a coalition of 25 US states has sued the administration over a fresh round of tariffs.
Maharashtra State Consumer Disputes Redressal Commission upheld HDFC Life's denial of a Rs 70-lakh death claim due to lapsed policy but ordered refund of Rs 7-lakh premium, citing unjust enrichment. The ruling highlights the need for timely premium payments and clarifies that revival emails do not automatically extend coverage.
A coalition of 25 US states filed a lawsuit against the Trump administration over new tariffs of 10% to 12.5% on imports from 60 trading partners, asking the US Court of International Trade to block them and refund duties already paid.
California insurance regulators have granted final approval to a settlement with State Farm General, saving homeowners and renters approximately $530 million. The deal, reached with Consumer Watchdog, limits proposed premium increases and mandates refunds with 10% interest for certain policyholders.
Amazon received approximately $600 million in tariff refunds in Q2, following a Supreme Court ruling that invalidated tariffs imposed by former President Trump. Some refunds will be passed to customers, while the rest will fund lower prices.
A Punjab district consumer commission ordered Cordlife Sciences India to pay Rs 2.16 lakh to a couple after it discarded their newborn's umbilical cord blood sample due to alleged payment delay, ruling the company engaged in unfair trade practices and deficiency in service.
Booking.com users, including Jane Ripley, John Taylor, and Kate Worthing, report significant challenges in obtaining refunds for substandard or misrepresented accommodation. This is due to the platform's terms and conditions, which state the contract is between the guest and host, leaving holidaymakers out of pocket.
Louisiana's Act 482, effective August 1, allows users to demand full refunds for virtual currency kiosk transactions if the operator was unlicensed at the time. Operators must respond within 10 business days and complete refunds within 90 calendar days.
