Target reported strong fiscal second-quarter earnings, beating Wall Street estimates with 3.8% comparable sales growth and raising its full-year guidance, bolstered by a $752 million net earnings boost from tariff refunds.
Walmart reported fiscal second-quarter revenue of $187.94 billion, beating Wall Street estimates, and raised its full-year outlook as e-commerce grew 23% globally. CFO John David Rainey noted consumers remain stretched by high costs.
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.
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.
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.
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.
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.
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.
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.
Rivian has filed a lawsuit against the U.S. government, U.S. Customs and Border Protection, and its commissioner, seeking a full refund on tariffs paid under President Trump's "Liberation Day" taxes, which the Supreme Court later deemed unconstitutional. The automaker expects tens of millions in refunds while rolling out its R2 SUV.
The Supertech Twin Towers in Noida were demolished in 2022 after the Supreme Court upheld their illegal construction. Four years later, the legal dispute continues, now focused on refunding homebuyers amidst Supertech's insolvency, with a Supreme Court plea postponed to July 2026.
A California man is suing Microsoft in a proposed class-action lawsuit, alleging the company pocketed government refunds from illegal Trump-era tariffs instead of passing them to consumers who paid inflated Xbox prices. Similar lawsuits target other retailers like Costco, while some companies like FedEx and UPS plan to issue refunds.
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.
Indian Railways' AI chatbot, AskDisha 2.0, powered by CoRover.AI, provides various IRCTC services like ticket booking, refunds, PNR status, and e-ticket access via text or voice commands in multiple languages on its website and mobile app.
Typhoon Bavi has weakened to a severe typhoon, prompting flight cancellations in eastern China. Zhoushan and Wenzhou airports cancelled multiple flights, with airlines offering fee-waiver rebooking and refunds. The storm is expected to make landfall between Fujian and Zhejiang provinces.
Typhoon Bavi has weakened to severe typhoon status and is approaching China's coast, expected to make landfall between Fujian and Zhejiang provinces. Flights have been cancelled at multiple airports, and airlines are offering refunds and rebooking options.
Typhoon Bavi has weakened to severe typhoon status as it approaches China's coast, leading to flight cancellations at multiple airports and airlines offering refunds and fee-waiver rebookings for affected passengers.
