$20 billion in tariff refunds paid so far, with more on the way
The Trump administration has refunded over $20 billion in tariffs to importers following a Supreme Court ruling. More than 4,000 importers have yet to provide necessary bank information for their refunds. Despite the refunds, importers continue to pay a 10% tariff implemented under a different law.
- ▪The Supreme Court struck down tariffs that exceeded the president's authority under the International Emergency Economic Powers Act.
- ▪Approximately $85 billion in potential and certified refunds have been accepted for processing, with $20.6 billion completed.
- ▪Importers like Costco, Walmart, and General Motors are among those seeking refunds.
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Trump tariffs$20 billion in tariff refunds paid so far, with more on the wayThe Trump administration said more than 4,000 importers who applied for refunds had not provided the bank information needed to process their refunds.Listen to this article with a free account00:0000:00Container ships docked at the Port of Los Angeles on April 29.Eric Thayer / Los Angeles Times via Getty Images fileShareAdd NBC News to GoogleMay 27, 2026, 9:50 AM EDTBy Steve KopackThe Trump administration has refunded more than $20 billion so far in tariffs to importers and shippers, according to a court filing, after the Supreme Court struck down the cornerstone of President Donald Trump’s trade policy in February.Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive…
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