Wine Importer Receives $110,000 Tariff Refund After Supreme Court Ruling
Victor Schwartz, CEO of VOS Selections, received a $110,000 refund from the U.S. government. The payment follows a Supreme Court decision that invalidated tariffs imposed under the International Emergency Economic Powers Act. The Treasury Department has begun processing refunds totaling $35.46 billion for affected importers.
thedrinksbusiness.comU.S. government.
The Treasury Department has begun refunding importers who paid the tariffs. Schwartz was among the small business leaders who challenged the tariffs in the Supreme Court.
On Tuesday, the agency told a federal judge that the first batch of refunds had been approved and sent to the Treasury Department for payment. 46 billion in refunds. The total is expected to increase as additional claims are reviewed and approved.
“absolutely starting to flow.”
Key Facts
Story Timeline
3 events- 2026-05-13
CBP told a federal judge the first batch of tariff refunds had been approved and sent to Treasury.
1 sourceBenzinga - 2026-05-14
Victor Schwartz received a $110,000 tariff refund from the U.S. government.
1 sourceBenzinga - 2026-05-15
The Hill reported that refunds are now starting to flow to successful applicants.
1 sourceBenzinga
Potential Impact
- 01
Importers who successfully challenged the tariffs will receive refunds from the U.S. Treasury.
- 02
Small businesses that paid the invalidated tariffs may recover funds in coming weeks.
- 03
The ruling sets a precedent for future challenges to tariffs imposed under the IEEPA.
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