Importers awaiting tariff refunds should ensure their banking information is up to date, because some payments are on hold pending account verification. Approximately $35.5 billion in refunds is currently being issued to importers who filed for refunds after the U.S. Supreme Court ruled certain tariffs imposed under the International Emergency Economic Powers Act (IEEPA) were illegal. A May 12, 2026, court filing states that payments processed through the new online government portal (https://bit.ly/3PE2Lda ) will include interest on duties paid. To date, nearly 87,000 declarations have been validated, and over 8.3 million entries have been reprocessed to remove IEEPA duties.
