Companies start getting tariff refunds after Supreme Court decision
Containers at the Port of Oakland in Oakland, California, USA, on Thursday, March 26, 2026.
David Paul Morris | Bloomberg | Getty Images
Months after the Supreme Court ruled that some tariffs were unconstitutional, the first round of tariff refunds began to be issued.
Oshkosh Company CFO Matt Field confirmed to CNBC that the company began receiving tariff refunds starting Tuesday.
“Following the acceptance of our initial application, we began receiving payments for our tariff refund claims, which represented the first portion of our total submitted claims,” Field said.
Field added that the company has yet to confirm the total refund amount.
Basic Fun, the company behind Care Bears and Tonka trucks, also told CNBC it started receiving tariff refunds on Tuesday.
CEO Jay Foreman said refunds issued so far represent only 5% of the company’s total claim in its initial invoices.
“We will use the refunded dollars to support our 2026 cash flow and invest in our team. This is the toughest time of the year for toy companies,” Foreman said in a statement. he said. “We will also announce to our staff that we will be increasing salaries, announcing promotions and larger merit raises to offset the cost of living increase. We are reinvesting the funds into our business and our people.”
logistics companies POWER SUPPLY, Fedex And DHL They had previously stated that they would apply for a tariff refund on behalf of their customers and that they would not need to take any action. The first phase of tariff refunds only covers entry requests that CBP has completed within the last 80 days, but this process could take months to reach customers.
U.S. Customs and Border Protection said in a court filing that it expects $35.46 billion in refunds for 8.3 million shipments as of Monday morning.
In February, the Supreme Court invalidated tariffs imposed by President Donald Trump under the International Emergency Economic Powers Act of 1977. In the following months, companies began applying for tariff refunds through a portal called Consolidated Administration and Processing of Entries.
In a radio interview with WABC on Tuesday morning, Trump called the tariff rollback situation “crazy.”
“Theoretically, you have to pay back the tariffs. We will fight it,” Trump said. “We were taking wealth from people, countries and companies that hated us.”
