Race for US Tariff Refunds Gets Off to Quiet Start: Supply Lines

May 26, 2026, 11:00 AM UTC

US importers sound wary of discussing tariff refunds publicly for a host of reasons — from political risks and legal jeopardy, to lingering uncertainty about how the next phases of the process will play out.

Just over a month ago, the Customs and Border Protection agency opened a refund portal for more than 330,000 firms that paid import taxes under President Donald Trump’s use of the International Emergency Economic Powers Act.

Only about 5% of the 3,000 largest publicly traded US companies mentioned refunds in the context of Trump’s now-illegal tariffs, according to a new Bloomberg analysis of recent comments ...

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