{"id":4990,"date":"2026-08-05T20:46:17","date_gmt":"2026-08-05T20:46:17","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=4990"},"modified":"2026-08-05T20:46:17","modified_gmt":"2026-08-05T20:46:17","slug":"the-trump-administration-has-doled-out-100-billion-in-tariff-refunds-but-americans-are-suing-u-s-companies-for-not-seeing-a-penny-of-the-returns","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=4990","title":{"rendered":"The Trump administration has doled out $100 billion in tariff refunds, but Americans are suing U.S. companies for not seeing a penny of the returns"},"content":{"rendered":"
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As of the end of July, about $100 billion in tariff refunds were sent to the U.S. Department of Treasury to be disbursed to approved importers, according to a Tuesday to the U.S. Court of International Trade. The total is about 60% of the $166 billion in revenues collected from import taxes under the International Emergency Economic Powers Act (IEEPA), which were struck down by the Supreme Court in February.<\/p>\n

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Some U.S. consumers, however, are getting antsy that they haven\u2019t seen any of that sum reach their own wallets. Last month, New York resident Tyasia Johns filed a class action lawsuit against discount retailer Five Below, claiming it failed to return the tariff refunds it received to customers who actually paid for the levies.<\/p>\n

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Johns alleged Five Below passed down the cost of the IEEPA tariffs to consumers through increased prices and was able to preserve its profits\u2014seeing a 22.9% year-over-year increase in net sales to $4.76 billion in 2025\u2014through these price increases. According to the lawsuit, Five Below has not confirmed whether it has applied for or received refunds through the U.S. Customs and Border Protection, or if it intends to pass down those refunds to consumers.\u00a0<\/p>\n

The complaint demanded injunctive relief and an award of actual damages to class members, but did not include the prospective size of the class or specific magnitude of damages.<\/p>\n

\u201cThe money that Defendant\u2019s customers paid as a result of the inflated prices related to the IEEPA tariffs rightfully belongs to Plaintiff and the Class,\u201d the complaint said. \u201cDefendant has not returned the money, nor has it represented that it has any intention of doing so.\u201d<\/p>\n

Five Below did not immediately respond to Fortune<\/em>\u2019s request for comment.<\/p>\n

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In May, Sony customers sued the PlayStation maker for similar reasons, alleging in a class action lawsuit that the company saw a \u201cdouble recovery windfall\u201d by both raising console prices to cover tariff costs, while also collecting refunds from the levies. Last week, Sony reported a , primarily as a result of 80 billion yen ($507.7 million) in tariff refunds. Sony did not immediately respond to Fortune<\/em>\u2019s request for comment on plans to disburse any refunds to customers.<\/p>\n

Whether consumers would see any of the tariff returns has been contentious since the Supreme Court ruling in February. At the time, Treasury Secretary Scott Bessent offered his own prediction for how tariff refunds would play out, saying the rebates would be the \u201cultimate corporate welfare,\u201d offering relief to U.S. companies, but not consumers.<\/p>\n

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There\u2019s mixed signs Bessent\u2019s bleak outlook on the refunds could come true. Research has overwhelmingly shown that the bulk of the import taxes have been paid by U.S. importers and consumers. Shoppers have felt the tariffs in price increases, which companies including Abercrombie & Fitch, Walmart, and Nike announced over the last year as a result of the levies.<\/p>\n

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Some firms, such as Amazon have vowed to return the recouped funds to customers. The e-commerce giant received $600 billion in tariff refunds and CFO Brian Olsavsky said last week it would automatically issue reimbursements to consumers under a \u201climited set of circumstances.\u201d In May, customers filed a class action lawsuit against Amazon, arguing they were owed refunds over price increases and claiming the company did not seek refunds as a way to \u201ccurry favor\u201d with the Trump administration.<\/p>\n

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\u201cIn cases where we did see an increase in costs due to tariffs, we largely absorbed those costs rather than pass them on to customers,\u201d Olsavsky said.<\/p>\n

Amazon follows businesses like FedEX and UPS which have likewise made promises to return money collected through tariffs.<\/p>\n

Other firms have said the opposite, holding firm that price increases were necessary to protect business margins. Responding to a class action lawsuit filed against it in April, Nintendo said in a motion filed last month it would not pass on tariff refunds to consumers who paid more for the Switch 2 console as a result of the levies because the money they paid for products \u201crepresents the purchase price of the goods they wanted and received.\u201d<\/p>\n

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Customers of Five Below, Sony, and Nintendo have filed class action lawsuits demanding they receive refunds from the struck-down import taxes.<\/p>\n","protected":false},"author":1,"featured_media":4989,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tariffs"],"yoast_head":"\nThe Trump administration has doled out $100 billion in tariff refunds, but Americans are suing U.S. companies for not seeing a penny of the returns - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=4990\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Trump administration has doled out $100 billion in tariff refunds, but Americans are suing U.S. companies for not seeing a penny of the returns - 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