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Americans Paid Trump's Tariff: Corporations Get The Refund - Costco Wholesale (NASDAQ:COST), FedEx (NYSE
The U.S. Customs and Border Protection has opened a tariff refund portal, allowing corporations to claim back $166 billion in unlawful duties imposed during the Trump administration. While consumers bore the cost of these tariffs, only “importers of record” can file for refunds, leading to a one-time boost in corporate profitability. Class-action lawsuits are emerging as consumers seek direct refunds, and a secondary market for tariff refund claims has developed among hedge funds.