The first round of tariff refunds to companies has begun, months after a Supreme Court ruling declaring some of the import taxes unconstitutional, CNBC reports.
Oshkosh Corp. began receiving tariff refunds May 12, according to its Chief Financial Officer Matt Field, who did not disclose the company’s total refund amount. Field said the amount received was not the total amount being sought by the company.
Basic Fun, the company behind Care Bears and Tonka Trucks, also began receiving tariff refunds on Tuesday. Its CEO, Jay Foreman, said so far, the refunds have only represented 5% of the company’s total claim on its early invoices.
Logistics companies UPS, FedEx and DHL have previously said they will file for tariff refunds.
The U.S. Customs and Border Protection said in a court filing that it anticipated paying refunds of $35.46 billion on 8.3 million shipments, as of May 10.
