ABC News: Top Stories | General Motors says it expects $500 million tariff refund after SCOTUS ruling

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General Motors announced it expects to receive roughly $500 million in refunds after the Supreme Court ruled that the International Emergency Economic Powers Act did not give President Trump authority to impose the contested tariffs, and the government has opened a portal for companies to claim the money. CEO Mary Barra said the refund will allow GM to raise its full‑year profit forecast by $500 million, citing strong sales of its full‑size pickup trucks—including the off‑road‑focused Colorado ZR2—despite rising fuel prices. The automaker joins more than 330,000 importers who paid the now‑invalidated IEEPA tariffs, which totaled about $166 billion.

Read more: https://abcnews.com/Business/general-motors-expects-500-million-tariff-refund-after/story?id=132447958

#GeneralMotors #MaryBarra #DonaldTrump #SupremeCourt #SCOTUS #TaxFoundation #ChevroletColorado #IEEPA #business

US Top News and Analysis | UPS and FedEx have begun filing for some tariff refunds

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UPS and FedEx have begun filing requests with U.S. Customs and Border Protection to recover tariff charges that were deemed unconstitutional by the Supreme Court’s February ruling on the International Emergency Economic Powers Act (IEEPA). The refund process, launched through the Consolidated Administration and Processing of Entries portal, will initially cover tariffs on entries finalized within the past 80 days, with payouts potentially taking months. UPS says it will pursue refunds on customers’ behalf and expects refunds within three months before passing them on, while FedEx will issue refunds directly to shippers and consumers once it receives them. Other tariff regimes, such as those under Sections 232 and 301, remain in effect.

Read more: https://www.cnbc.com/2026/04/21/ups-fedex-tariff-refunds-ieepa.html

#UPS #FedEx #SupremeCourt #U.S.Customs #IEEPA #DonaldTrump

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Some Costco customers are suing Costco, claiming entitlement to a portion of the refunds that the company is seeking from the government on its tariff claims. Seems like a stupid suit. Costco never promised refunds, so plaintiffs have no legal claims. Moreover, Costco hasn’t recovered anything yet. As a result, unlike the mangoes in the nectar that I buy from Costco, I think this claim is unripe.

#law #contracts #IEEPA #tariffs #Costco #ClassActions

https://www.contractsprofblog.com/2026/03/are-costco-customers-entitled-to-their-share-of-the-tariff-refunds/

After Being Ruled Illegal, Many Ask: Where Are the Refunds From Trump’s Tariffs?

https://murica.website/2026/03/after-being-ruled-illegal-many-ask-where-are-the-refunds-from-trumps-tariffs/

Wichtige Neuerung: US-Zoll (CBP) erklärt Verfahren für IEEPA-Zollrückerstattungen. Neue ACE-Funktion soll Prozess bei Section 301/122 Strafzöllen vereinfachen. Relevant für alle US-Importeure!

https://douana.ch/cbp-veroeffentlicht-informationen-zum-verfahren-fuer-ieepa-zollrueckerstattungen/

#USZoll #TradeCompliance #IEEPA