Overview
- Senate Democrats led by Chuck Schumer demanded that Treasury begin issuing refunds within 90 days and accused the administration of stonewalling after the high court ruling.
- The Justice Department was due to outline next steps Friday in the original case, while Treasury Secretary Scott Bessent signaled reluctance to rapid payouts, calling refunds “ultimate corporate welfare.”
- Tariff refund lawsuits have surpassed 2,000, with recent filings from FedEx, Dyson, Dollar General, Bausch + Lomb, L’Oréal units, On, and Skechers seeking to recoup payments.
- Roughly $170–$180 billion in collections sits in limbo, economists say consumers bore most costs, and companies such as FedEx pledge to pass any recovered funds to shippers and customers.
- The White House has implemented a temporary 10% surcharge under Section 122 and is pursuing additional 301 and 232 actions, steps that legal experts say could face further court challenges.