1st Trump tariff refunds expected about May 11
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The first of the refunds should hit importers' accounts by May 11.
With $166 billion in IEEPA tariffs at stake, the Supreme Court's landmark ruling has triggered a wave of refund claims.
The Supreme Court ruled President Trump's tariffs illegal, allowing companies to apply for refunds. Experts say consumers are unlikely to receive direct refunds or see widespread price drops. Costco,
The system will go live at 8 a.m. EDT to begin the electronic returns process for an estimated $127 billion in tariffs, the agency said.
FedEx and UPS plan to pass tariff refunds back to customers after a Supreme Court ruling struck down duties imposed under IEEPA.