{"id":80397,"date":"2026-05-12T21:23:15","date_gmt":"2026-05-12T21:23:15","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/businesses-starting-to-receive-their-ieepa-tariff-refunds\/"},"modified":"2026-05-12T21:23:15","modified_gmt":"2026-05-12T21:23:15","slug":"businesses-starting-to-receive-their-ieepa-tariff-refunds","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/businesses-starting-to-receive-their-ieepa-tariff-refunds\/","title":{"rendered":"Businesses starting to receive their IEEPA tariff refunds"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<p>Businesses across the U.S. began receiving <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/how-to-file-for-tariff-refund\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">federal refunds<\/a><\/span> on Tuesday for tariffs imposed by President Trump in 2025 and struck down by the Supreme Court earlier this year.\u00a0<\/p>\n<p>Sarah Wells, whose small business makes accessories and apparel for breastfeeding mothers, told CBS News that about half of the money she is owed by the U.S. government had been deposited into her bank account.<\/p>\n<p>In April, Wells\u00a0<span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/tariff-refund-portal-system-trump-cape-cbp\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">filed claims for refunds<\/a><\/span>\u00a0of two different tariffs her business imposed under the International Emergency Economic Powers Act (IEEPA) \u2014 one for a shipment from China and the other for goods she imported from Cambodia.\u00a0<\/p>\n<p>The Supreme Court ruled in February that Mr. Trump <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-tariffs-supreme-court-decision\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">lacks the legal authority<\/a><\/span> to impose tariffs under IEEPA.<\/p>\n<p>&#8220;My refund claim had been accepted, and I&#8217;d been checking the status feverishly to see if anything was in my bank account,&#8221; she told CBS News. &#8220;Earlier this morning at around 7, I got the money from the first container that came from China.&#8221;\u00a0<\/p>\n<figure class=\"embed embed--type-image is-image embed--float-none embed--size-medium\">\n<p>      <span class=\"img embed__content\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2026\/05\/12\/5e1747f7-fb89-431e-8023-c1ac5b1db587\/thumbnail\/620x452\/4420f881b557cb648e1b4c228a7fd03d\/screenshot-2026-05-12-at-2-25-39-pm.png#\" alt=\"screenshot-2026-05-12-at-2-25-39-pm.png \" height=\"452\" width=\"620\" class=\" lazyload\" srcset=\"https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2026\/05\/12\/5e1747f7-fb89-431e-8023-c1ac5b1db587\/thumbnail\/620x452\/4420f881b557cb648e1b4c228a7fd03d\/screenshot-2026-05-12-at-2-25-39-pm.png 1x\" loading=\"lazy\"\/><\/span><figcaption class=\"embed__caption-container\">\n<p>                  <span class=\"embed__caption\">Sarah Wells said she received a partial tariff refund from the federal government on Tuesday, May 12, 2026.<\/span><\/p>\n<p>                  <span class=\"embed__credit\"><\/p>\n<p>                Courtesy of Sarah Wells\u00a0<\/p>\n<p>                          <\/span><br \/>\n              <\/figcaption><\/figure>\n<p>Wells said the refund was for $10,000, which covers the 20% tariff she paid on the goods, plus interest. She expects another $10,000 federal payment for other IEEPA tariffs her business absorbed.<\/p>\n<p>As of 7 a.m. ET on Monday, the federal government said it had approved nearly 87,000 refund requests covering more than 15 million IEEPA duty payments. More than half of those entries have been finalized, amounting to refunds of $35.5 billion, including interest, CBP official Brandon Lord said in a filing with the U.S. Court of International Trade in New York.<\/p>\n<p>Ryan Peterson, CEO of supply chain management company Flexport, told CBS News that as of Monday, the company&#8217;s clients had received a total of $137 million in IEEPA tariff refunds from the U.S. government.\u00a0<\/p>\n<p>&#8220;I&#8217;m kind of impressed the government built and launched this technology pretty quickly,&#8221; he said. &#8220;A lot of government timelines can be way longer than that.&#8221;\u00a0<\/p>\n<p>The Trump administration owes importers roughly $166 billion in refunds.\u00a0<\/p>\n<p>Imports remain subject to a 10% tariff that Mr. Trump imposed in February\u00a0<span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-tariffs-section-122-court-ruling\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">under Section 122<\/a><\/span>\u00a0of the Trade Act of 1974. In March, the White House also\u00a0<span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-tariffs-301-investigation-trade\/\" data-invalid-url-rewritten-http=\"\">announced investigations<\/a><\/span>\u00a0into foreign nations&#8217; trade practices under\u00a0<a href=\"https:\/\/www.congress.gov\/crs-product\/IF11346\" target=\"_blank\" rel=\"noopener\">Section 301<\/a>\u00a0of the Trade Act of 1974, which allows U.S. trade officials to unilaterally retaliate against countries engaging in unfair trade practices.\u00a0<\/p>\n<p>&#8220;We have an order in production in Cambodia arriving in July or August that we&#8217;ll have to pay 10% on, and possible Section 301 tariffs could be put in place,&#8221; Wells said, adding that &#8220;we are in a cycle of having to plan for the unplanned.&#8221;<\/p>\n<section class=\"content__body--footer\">\n<p class=\"content__meta--editors\">\n      Edited by<\/p>\n<p>                                  <a href=\"https:\/\/www.cbsnews.com\/team\/alain-sherter\/\" class=\"byline__author__link\" data-invalid-url-rewritten-http=\"\">Alain  Sherter<\/a>\n                      <\/p>\n<\/section>\n<p>  <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation  \">\n        <\/aside>\n<section class=\"content__body--footer\">\n      <!-- tags --><\/p>\n<section class=\"content__tags\">\n<p class=\"content__tags__label\">In:<\/p>\n<\/section>\n<\/section><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/trump-ieepa-tariff-refunds-businesses\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Businesses across the U.S. began receiving federal refunds on Tuesday for tariffs imposed by President Trump in 2025 and struck<\/p>\n","protected":false},"author":1,"featured_media":80398,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[799,386,1143],"class_list":["post-80397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-watch","tag-tariffs","tag-trump-administration","tag-u-s-customs-and-border-protection"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Businesses starting to receive their IEEPA tariff refunds - World 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