April 21, 2026

Refunding tariffs: Things to know

The Trump Administration is expected to begin refunding $166 billion in tariff payments this week following a February Supreme Court ruling that found the policy unconstitutional. 

U.S. Customs and Border Protection (CBP), which is managing the refund process, launched a portal for businesses to apply on Monday morning, with refunds expected to take two to three months.

The refunds could prove to be a windfall for small businesses that have been bearing the brunt of President Donald Trump's vast tariff regime, unveiled last year, which targeted imports from almost every country in the world

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