Trump urges companies to refrain from seeking tariff refunds

U.S. President Donald Trump has called on companies to refrain from seeking refunds for tariffs paid following the Supreme Court's ruling that struck down a significant portion of his tariffs. Trump emphasized that if companies do not comply, 'I'll remember them.'

Companies face uncertainty over tariff refund process

The U.S. Customs and Border Protection (CBP) launched a portal for importers to submit refund requests, potentially exceeding $160 billion. However, the process remains shrouded in uncertainty, with thousands of companies, including Costco Wholesale and FedEx, pursuing separate claims before the U.S. Court of International Trade to protect their right to a refund if the Trump administration contests the refunds.

United Parcel Service (UPS) announced it will reimburse customers who paid tariffs through the company, but only once it receives payment from the government. 'Those customers don't need to contact UPS. Once we receive the funds from CBP, we've established a process to issue refunds to those who made the payments,' the company stated.

Following the Supreme Court's decision, Trump immediately imposed a temporary 10% tariff set to expire in July, with the administration working to restore those revenue streams using other tariff authorities. 'We're doing it another way. In the end, we'll get the same result,' Trump said in a Tuesday interview. 'In fact, we'll get higher numbers, but it's a bit more complicated.'