Overview
- Judge Richard Eaton said in a Tuesday court order that the first tariff refunds are expected around May 11.
- CBP reported 75,000-plus declarations covering about 11.2 million entries, with roughly 21% accepted, about 3% in the refund stage, and around 15% denied for entry-specific errors.
- Phase 1 covers unliquidated entries and those within roughly 80 days of liquidation, only the importer of record or the original filing broker can submit, and approved refunds generally pay by ACH within 60–90 days.
- FedEx and UPS said they will return any refunds to customers, and Ford disclosed it expects about $1.3 billion back and raised its annual outlook by $500 million.
- Consumers cannot file claims, so pass-through depends on businesses, which has spurred class-action suits against companies like Costco, Nintendo, and FedEx and fresh pressure over who ultimately benefits.