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Author Topic: I have not seen a penny yet but I'm also a Prime member so we shall see...  (Read 113 times)

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Offline theking

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Corporate America got billions of dollars in tariff refunds. Where’s your cut?

Apple got an estimated $2.2 billion tariff refund last quarter. Amazon got $600 million. Nike got $300 million. But American consumers who paid higher prices as President Donald Trump's tariffs filtered through the economy are getting almost nothing back.

Those corporate payouts may be just the beginning as the government continues processing refund claims after the Supreme Court struck down Trump's most sweeping levies earlier this year.


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Amazon says it will share $600 million in Trump tariff refunds with some of its customers — will you get a payout?
In February 2026, the Supreme Court struck down President Trump's tariffs, ruling that the government owes businesses $166 billion in tariff refunds. Now, company earnings calls at the end of the second quarter are revealing how much these companies have received as a result of the ruling, and what they intend to do with the windfall.



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Offline theking

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Apple, Amazon, and Nike Get $166 Billion in Tariff Refunds – Consumers Get Nothing
Major corporations like Apple ($2.2 billion), Amazon ($600 million), and Nike ($300 million) are receiving billions in refunds following the Supreme Court's ruling invalidating 2025 IEEPA tariffs. Consumers are getting nothing because federal import law mandates that duty refunds go exclusively to the "importer of record," not retail shoppers



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Offline theking

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‘Damage from the chaotic tariff regime cannot be refunded’: The $100 billion in refunds have wiped out revenue the import taxes brought in since May
The U.S. government has refunded over $100 billion in illegal tariffs since May 2026, completely erasing net customs revenue for those months. The massive payouts follow a Supreme Court ruling that struck down broad unilateral import taxes enacted under the International Emergency Economic Powers Act (IEEPA).Background and Financial ImpactA February Supreme Court decision declared the IEEPA tariffs unlawful, mandating the return of an estimated $166 billion to roughly 330,000 eligible importers.U.S. Customs and Border Protection launched an online refund portal, leading to massive payouts that outpaced new tariff collections:May 2026: $21.97 billion refunded vs. $21.93 billion collected.June 2026: $49.18 billion refunded vs. $23.63 billion collected (net revenue at negative $25.56 billion).Major corporations received multi-billion dollar repayments, while everyday consumers—who bore the brunt of higher retail prices—largely received no direct reimbursements .



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