Trump tariff refunds are happening – and businesses should pay attention

Business owners may have to wade through paperwork, but the US government is now actually processing refunds

When the supreme court struck down Donald Trump's tariffs, many small importers assumed any refunds would be tied up in bureaucracy for years. Surprisingly, that's not what's happening.

It's estimated that roughly 330,000 importers paid more than $166bn in tariff fees imposed by Trump under the International Emergency Economic Powers Act (IEEPA). If your business was affected, here's good news: you can get your tariffs refunded. You just need to be a little patient.