U.S. Businesses Receive Tariff Refunds

U.S. Customs and Border Protection. Oshkosh Corporation has begun receiving tariff refunds as of Tuesday.

"Following acceptance of our initial filing, we have begun receiving payments on our tariff refund claims, representing an initial portion of our total claims submitted," Oshkosh CFO Matt Field said. The company has not yet verified its total refund amount. Basic Fun, the company behind Care Bears and Tonka trucks, also began receiving tariff refunds on Tuesday.

CEO Jay Foreman said the refunds so far have only represented 5% of the company's total claim on its early invoices. "We will utilize the refund dollars to help support our 2026 cash flow and invest in our team," Foreman said. " More than 330,000 importers paid the $166 billion in tariffs collected under the International Emergency Economic Powers Act.

As of April 26, at least 75,000 businesses have applied for refunds. About 15% of the claims that have been submitted were rejected, typically due to incorrect information or ineligible shipments. The first phase of tariff refunds only covers requests for entries that CBP finalized within the past 80 days.

U.S. 3 million shipments as of Monday morning. UPS, FedEx and DHL have previously said that they will file for tariff refunds on behalf of their customers.

In February the Supreme Court invalidated President Donald Trump's tariffs imposed under the International Emergency Economic Powers Act of 1977. Companies began filing for tariff refunds in the Consolidated Administration and Processing of Entries portal in the months that followed. The IEEPA tariffs alone cost the typical American household $700 last year, according to the Tax Foundation.

In a radio interview with WABC on Tuesday morning, Trump called the tariff refund situation crazy. "In theory, you have to pay the tariffs back. We'll fight that," Trump said. U.S. appeals court temporarily paused a trade court ruling against Trump's 10% tariffs.