U.S. tax refund procedures tied to the Supreme Court ruling invalidating reciprocal tariffs are expected to begin as early as May 12 (local time), according to reports.
Reuters reported on May 4 (local time), citing a statement from U.S. Customs and Border Protection, that the process had been set to start May 11 but was delayed by one day to May 12. Even after the process begins, it is expected to take 60 to 90 days for refund amounts to be deposited to importing companies.
The move follows a Feb. 20 Supreme Court decision, by a 6-3 vote, striking down tariffs imposed by the Trump administration under the International Emergency Economic Powers Act, including reciprocal tariffs. The refunds would begin about three months after the ruling.
CBP is estimated to have collected about $166 billion in tariffs under IEEPA from roughly 330,000 importers, and refunds are expected to be comparable. CBS, citing CBP data, reported that as of April 26 more than 11 million refund claims had been filed.
The refunds will go to U.S. importers that brought goods in from overseas, not directly to American consumers. However, major U.S. logistics companies including FedEx and UPS said they plan to pass refunded amounts back to consumers.
* This article has been translated by AI.
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