Businesses starting to receive their IEEPA tariff refunds
Summary
U.S. businesses have started receiving refunds for tariffs imposed by President Donald Trump in 2025 that were later ruled illegal by the Supreme Court. The government has approved tens of thousands of refund claims, returning billions of dollars to importers who paid these tariffs.Key Facts
- President Donald Trump imposed tariffs in 2025 under the International Emergency Economic Powers Act (IEEPA).
- The Supreme Court ruled in February that President Trump did not have the authority to impose these IEEPA tariffs.
- Businesses began receiving refunds for these tariffs starting Tuesday, May 12, 2026.
- As of early May, nearly 87,000 refund requests were approved, covering over 15 million tariff payments.
- The federal government has refunded $35.5 billion so far, including interest.
- One business owner, Sarah Wells, received a refund of $10,000 for tariffs paid on goods from China and expects another $10,000 refund on other imports.
- Importers are still paying a 10% tariff imposed by President Trump under a different trade law (Trade Act of 1974).
- The White House is investigating unfair trade practices by other countries, which could lead to new tariffs under another section of the Trade Act.
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