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News in English (USA) / 20.04.2026 / 16:00

U.S. Launches Tariff Refund System for Businesses

The Trump administration has officially opened a tariff refund portal, allowing businesses to claim reimbursements for tariffs totaling $166 billion that were declared unconstitutional by the Supreme Court. With the refund process now underway, importers are rushing to submit their claims through the newly launched portal. Experts warn that while refunds may provide some financial relief to businesses, there is little expectation that the benefits will translate to lower prices for consumers. Additionally, companies face a complicated process, as refunds will take approximately 60-90 days to be processed. Despite these challenges, the refund system is anticipated to be the largest of its kind in U.S. history, drawing significant interest from businesses impacted by the tariffs.
The Guardian, The New York Times, WSJ, Fox Business, USA Today, Los Angeles Times, CNN, Yahoo Finance, NPR, CBS News