IEEPA Tariff Refunds: From the Supreme Court Ruling to the Console Lawsuits

Costco discloses $155 million in additional IEEPA tariff refunds

Costco Wholesale Corporation's Form 10-K reported that it received $155 million in additional refunds after its August 30, 2026 fiscal year-end. The company said it intended to invest the majority of refunds in increased value for members.

• Costco Wholesale Corporation Form 10-K · Oct 7, 2026 · “Subsequent to 2026, we received $155 in additional refunds and we intend to continue to invest the majority of the refunds in increased value for the member.”

Editor's note: Checked by hand in review. The quote is verbatim in the filing but sits past the 60,000 characters the fetcher reads, so an automated re-check will report it missing. Costco states dollar amounts in millions throughout, which is why the filing writes $155 where the entry says $155 million.

Manufacturers Alliance reports partial Phase 2 IEEPA refunds

Manufacturers Alliance reported that 76% of surveyed Phase 2 filers had received only partial refunds and 24% reported full refunds. It also reported that 54% of partially refunded companies received no CBP explanation, error code, or line-level detail for the remaining amount.

• Manufacturers Alliance · Oct 7, 2026 · But 76% of Phase 2 filers have been refunded only in part, and just 24% report full refunds.

Editor's note: The cited Manufacturers Alliance page states that 76% of Phase 2 filers received partial refunds and 24% received full refunds. It also states that 54% of partially refunded companies received no CBP explanation, error codes, or line-level detail.

CBP seeks OMB review of CAPE refund-work-sheet collection

U.S. Customs and Border Protection published a Federal Register notice concerning an information collection request for CAPE refund worksheets. The notice states that CBP will submit the request to the Office of Management and Budget for review and approval under the Paperwork Reduction Act.

• Federal Register / U.S. Customs and Border Protection · Oct 5, 2026 · The Department of Homeland Security, U.S. Customs and Border Protection (CBP) will be submitting the following information collection request to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA).

Editor's note: The page is a CBP 30-day Federal Register notice concerning the Court-Ordered Refunds under the International Emergency Economic Powers Act Worksheet, including CAPE declarations/refund processing. Its summary contains the quoted statement that CBP will submit the information collection request to OMB for PRA review and approval, and it was published on 2026-10-05.

McCormick reports $29.2 million in IEEPA tariff refunds

McCormick & Company reported receiving $29.2 million in IEEPA tariff refunds as of August 31, 2026. It reported a $1.6 million receivable for the remaining tariffs previously paid that it believed were probable of recovery.

• McCormick & Company Form 10-Q · Oct 1, 2026 · As of August 31, 2026, we have received $29.2 million of IEEPA tariff refunds and have a receivable of $1.6 million for the remainder of the IEEPA tariffs previously paid, which we believe is probable of recovery.

Editor's note: The filing states that, as of August 31, 2026, McCormick had received $29.2 million in IEEPA tariff refunds and recorded a $1.6 million receivable considered probable of recovery. The quoted language appears verbatim on the page.

Center for American Progress estimates $115 billion in tariff refunds

Center for American Progress estimated that the federal government paid about $115 billion in tariff refunds from May through August 2026. It said the bulk consisted of refunds for eligible duties collected under invalidated IEEPA tariffs.

• Center for American Progress · Oct 1, 2026 · Data from the Treasury Department’s Monthly Treasury Statements show that the federal government paid out about $115 billion in tariff refunds from May 2026 through August 2026, the bulk of which consisted of refunds for eligible duties collected under the invalidated IEEPA tariffs.

Editor's note: Dated to the month in review: the Center for American Progress page carries no publication date, and the only evidence for a day was a search engine's estimate. The analysis uses Treasury statements through August 2026.

CBP updates Form 5106 correction guidance for IEEPA refunds

U.S. Customs and Border Protection updated its IEEPA-duty-refund guidance with instructions for correcting importer information on CBP Form 5106. CBP said licensed customs brokers with valid powers of attorney may make updates through ABI Action Code U, while importers may update information through the ACE Portal.

• U.S. Customs and Border Protection · Sep 30, 2026 · It is the responsibility of the trade community to ensure that the information provided on the CBP Form 5106 is accurate and complete.

Editor's note: The page includes a section updated 9/30/2026 stating that licensed customs brokers with valid powers of attorney may use ABI Action Code U and that importers can update information through the ACE Portal. The quoted sentence appears verbatim.

Costco reports IEEPA refunds and member-value reinvestment

Costco reported a non-recurring fourth-quarter benefit of $0.15 per diluted share from IEEPA tariff refunds received in the quarter, after partial reinvestment in member value.

• Costco Wholesale Corporation SEC Exhibit 99.1 · Sep 24, 2026 · This year's fourth quarter was positively impacted by a non-recurring benefit of $0.15 per diluted share from IEEPA tariff refunds received in the quarter, less partial reinvestment of those refunds in increased member values.
• Quartz · Sep 25, 2026 · Chief Executive Ron Vachris said on a Thursday investor call that Costco reinvested some of the $184 million in tariff refunds into price reductions on everyday staples, produce, meat, beverages, and certain non-food items including home furnishings, according to the Wall Street Journal.

Editor's note: Editor: dropped a sentence naming the chief executive, a $184 million total and price reductions on specified merchandise, none of which appear in the filed exhibit.

Worthington records $4 million IEEPA tariff-refund benefit

Worthington Enterprises reported a $4.0 million net tariff-refund benefit related to IEEPA in its fiscal 2027 first quarter. The company said the quarter also benefited from acquisitions and higher Trade & Specialty Solutions volume.

• Worthington Enterprises SEC Exhibit 99.1 · Sep 22, 2026 · The current year quarter benefited from $4.0 million in net tariff refunds related to the International Emergency Economic Powers Act (“IEEPA”), contributions from recent acquisitions and higher overall volume within Trade & Specialty Solutions.

Editor's note: The filing states that the fiscal 2027 first quarter benefited from $4.0 million in net IEEPA tariff refunds, recent acquisitions, and higher Trade & Specialty Solutions volume. It is dated September 22, 2026.

MillerKnoll records $10 million IEEPA tariff-refund income benefit

MillerKnoll recognized an approximate $10 million net increase in first-quarter fiscal 2027 operating income from IEEPA tariff refunds received from the U.S. government. The company reported that the refunds produced a $0.11 per-diluted-share benefit.

• MillerKnoll SEC Exhibit 99.1 · Sep 22, 2026 · During the first quarter of fiscal 2027, we recognized an approximate $10 million net increase in our operating income related to refunds received from the U.S. government of previously paid IEEPA tariffs (the "tariff refunds").

Editor's note: The page states that MillerKnoll recognized an approximate $10 million net operating-income increase from U.S. government refunds of previously paid IEEPA tariffs, with a $0.11 diluted-EPS benefit. It is dated September 22, 2026.

Six senators ask Greer about consumer IEEPA tariff refunds

Six senators wrote to U.S. Trade Representative Jamieson Greer seeking information about steps the administration would take to make consumers whole for illegal IEEPA tariffs. The senators asked whether the administration had considered consumer restitution, tax relief, or direct payments.

• U.S. Senate letter · Sep 21, 2026 · Given these concerns, we write to seek information about what steps, if any, the Administration will take to make consumers whole for the illegal IEEPA tariffs—and, if President Trump’s replacement tariffs are also struck down, for those tariffs as well.
• Inside U.S. Trade · Sep 22, 2026 · In a Sept. 21 letter to Greer, Sens. Elizabeth Warren (D-MA), Martin Heinrich (D-NM), Sheldon Whitehouse (D-RI), Richard Blumenthal (D-CT), Cory Booker (D-NJ) and Sanders said the...

Editor's note: The letter is dated September 21, 2026, addressed to U.S. Trade Representative Jamieson Greer, and signed by six senators. It asks about making consumers whole and specifically asks whether the Administration considered a consumer restitution fund, tax relief, or direct payments.

Atlanta Fed reports firms' planned uses of IEEPA tariff refunds

The Federal Reserve Bank of Atlanta reported that 70 percent of surveyed firms anticipated retaining at least some of their IEEPA tariff refunds as cash or cash equivalents, and that more than half planned to put some of the money into research, development or capital projects.

• Federal Reserve Bank of Atlanta · Sep 21, 2026 · In line with the standard textbook analysis, 70 percent of firms anticipate retaining at least some of their refunds as cash or cash equivalents (see figure 3).
• Supply Chain Dive · Sep 24, 2026 · Roughly 75% of businesses said they are keeping at least some of their refunds as cash, while 52.5% are using the returned funds to invest in research, development and capital projects, per the survey of more than 1,100 C-suite executives at U.S. firms.

Editor's note: Editor: replaced a second sentence giving a trade-press summary's different percentages with the figures the Atlanta Fed's own post states.

CBP begins enhanced enforcement of Form 5106 information

CBP said enhanced enforcement would commence on September 18, 2026, including immediately voiding importer-of-record numbers carrying inaccurate information on CBP Form 5106.

• Federal Register / U.S. Customs and Border Protection · Aug 19, 2026 · “This enhanced enforcement, including immediate voiding of IOR numbers with inaccurate information on the CBP Form 5106, will commence on September 18, 2026.”
• U.S. Customs and Border Protection · Sep 2, 2026 · “Only the IOR or the licensed customs broker who filed the entries can file a CAPE Declaration.”

Editor's note: Editor: dropped a second sentence about who may file a CAPE declaration, which this notice does not say. The commencement date is quoted verbatim from the Federal Register notice.

Judge Eaton orders CAPE progress report by October 6

Court of International Trade Judge Richard Eaton ordered the government to submit an additional CAPE progress report by 5:00 p.m. EST on October 6, 2026. The deadline was set in a September 17 order.

• GEODIS · “According to a September 17 order from Court of International Trade Judge Richard Eaton, the government is required to submit an additional progress report on the CAPE system by October 6 at 5 p.m. EST.”

Editor's note: The page states that, according to a September 17 order from Judge Richard Eaton, the government must submit an additional CAPE progress report by October 6 at 5 p.m. EST. This supports the summary and its stated September 17, 2026 order date.

CBP sets CAPE Phase 3 deployment for October 6

U.S. Customs and Border Protection notified the Court of International Trade that CAPE Phase 3 would deploy on October 6, 2026. Plaintiffs that submitted a valid importer-of-record number to CBP by July 30, 2026, would be eligible to file Phase 3 declarations beginning on that date.

• International Trade & Supply Chain Insights / Husch Blackwell · Sep 16, 2026 · “U.S. Customs and Border Protection (CBP) has notified the Court of International Trade (CIT) that Phase 3 of its Consolidated Administration and Processing of Entries (CAPE) will deploy on October 6, 2026.”
• GEODIS · “Beginning October 6, 2026, plaintiffs who submitted a valid importer of record number to CBP by July 30, 2026, will be eligible to file CAPE declarations for Phase 3.”

Editor's note: The page states that CBP notified the CIT that CAPE Phase 3 will deploy on October 6, 2026, and that plaintiffs submitting a valid IOR number by July 30, 2026 may file Phase 3 declarations beginning that date. It says the declaration containing this statement was submitted to the CIT on September 15, 2026.

CBP reports $122 billion in certified IEEPA refunds

CBP reported that CAPE had accepted approximately $134.7 billion in potential and certified refunds for processing. It said approximately $122 billion in duty refunds and interest had been certified and transmitted to the U.S. Treasury for payment.

• A.N. Deringer · Sep 16, 2026 · “approximately $122 billion in duty refunds and interest have already been certified and transmitted to the U.S. Treasury for payment”
• GEODIS · “approximately $134.7 billion in potential and certified refunds have been accepted for processing in CAPE.”

Editor's note: The page states that approximately $134.7 billion in potential and certified refunds were accepted for processing and that approximately $122 billion in duty refunds and interest had been certified and sent to Treasury. It attributes those figures to a September 15 court filing.

Nintendo runs a Customer Appreciation Sale it says tariff refunds helped pay for

Nintendo of America said the sale was made possible in part by tariff-related refunds. It ran from September 12 to 26 with 30 percent off digital Switch games and bundles, and selected physical games, downloadable content, accessories, amiibo and apparel.

• Nintendo of America Inc. · Sep 10, 2026 · The Customer Appreciation Sale is our way of saying thank you to Nintendo players for their continued support and is made possible in part by tariff-related refunds.
• Tom's Hardware · Sep 11, 2026 · The rare promotion, dubbed the "Customer Appreciation Sale," will run from September 13 to 26 and will offer 30% off digital Switch games, bundles, and "select physical games, downloadable content, accessories, amiibo, and apparel."

Editor's note: Hand-checked: both quotes are verbatim on their pages. The entry had been dated September 10, which neither source states. Editor 2026-09-26: it was then dated September 13, the date the Tom's Hardware quote gives; Nintendo's own announcement says the sale "runs from September 12 through September 26" and never prints September 13. The entry follows Nintendo, and the Tom's Hardware sentence is left as that outlet wrote it, which is why the two dates on this entry differ.

FedEx begins issuing IEEPA tariff refunds to customers

FedEx said it had begun issuing IEEPA tariff refunds, including interest, to shippers and customers who originally bore the charges. It identified U.S. Customs and Border Protection as the source of the interest received.

• FedEx Corporation · Sep 9, 2026 · Yes, FedEx has begun issuing refunds, including interest received from the U.S. Customs and Border Protection (CBP), for IEEPA tariffs paid to shippers and customers who originally bore those charges.

Editor's note: The page states that FedEx has begun issuing IEEPA tariff refunds, including interest received from CBP, to shippers and customers who originally bore the charges. The page’s published time is September 9, 2026, matching the node date.

American Eagle reports $196 million in IEEPA tariff refunds

American Eagle Outfitters received $196 million in IEEPA tariff refunds, including interest, during the second quarter of 2026. The company reported a $161 million net operating-income benefit from tariff refunds for the quarter. In the same two days G-III ($130.6 million), Urban Outfitters ($100.1 million), Academy Sports ($83.7 million) and Caleres ($57.4 million) disclosed their own refund receipts, most booked as reductions to cost of goods sold plus interest income.

• U.S. Securities and Exchange Commission, American Eagle Outfitters Exhibit 99.1 · Sep 9, 2026 · During the second quarter, the company received International Emergency Economic Powers Act (IEEPA) tariff refunds of $196 million, including interest. The net operating income benefit of tariff refunds was $161 million for the second quarter 2026.

Editor's note: The SEC exhibit states that AEO received $196 million in IEEPA tariff refunds, including interest, during the second quarter of 2026, and that the net operating income benefit was $161 million. The release is dated September 9, 2026.

Torrid receives $11.4 million in IEEPA tariff benefits

Torrid received $11.4 million in IEEPA tariff benefits during the quarter. It recorded $11.1 million as a reduction in cost of goods sold and $0.3 million as interest income.

• Torrid Holdings Inc. / SEC Exhibit 99.1 · Sep 3, 2026 · During the quarter, we received $11.4 million in IEEPA tariff benefits, including $11.1 million recorded as a reduction in cost of goods sold and $0.3 million recognized as related interest income.

Editor's note: The earnings release dated September 3, 2026 states that Torrid received $11.4 million in IEEPA tariff benefits during the quarter, with $11.1 million recorded as a reduction in cost of goods sold and $0.3 million recognized as related interest income.

AICPA issues IEEPA tariff-refund accounting guidance

AICPA issued Technical Questions and Answers 7700.01-.05 on accounting for mandated IEEPA tariff refunds. The guidance addresses recognition, presentation, customer contracts, and disclosure considerations.

• AICPA & CIMA · Sep 2, 2026 · The AICPA has issued Technical Questions and Answers (TQAs) 7700.01-.05, Accounting Considerations for Mandated Refunds of IEEPA Tariffs, that provides nonauthoritative guidance on the accounting for mandated refunds of IEEPA tariffs, including recognition, presentation, impacts on contracts with customers, and disclosure considerations.
• Keiter · Oct 1, 2026 · In September 2026, the AICPA issued Technical Questions and Answers (TQAs) 7700.01-.05, Accounting Considerations for Mandated Refunds of IEEPA Tariffs, providing nonauthoritative guidance on the recognition, presentation and disclosure of potential tariff refunds.

Editor's note: The page is readable and states that AICPA issued TQAs 7700.01-.05 covering recognition, presentation, customer-contract impacts, and disclosure considerations for mandated IEEPA tariff refunds. It is dated Sep 02, 2026.

PVH receives tariff refunds and recognizes $106.7 million benefit

PVH received cash refunds for all claims it had submitted under the tariff refund program during the second quarter of 2026. It recognized a $106.7 million benefit in cost of goods sold.

• PVH Corp. / SEC Form 10-Q · Sep 2, 2026 · During the second quarter of 2026, the Company received the cash refunds related to previously paid tariffs for all claims that it had submitted under the tariff refund program and recognized a benefit of $106.7 million in cost of goods sold.

Editor's note: The filing states that during the second quarter of 2026 PVH received refunds for all submitted tariff-refund claims and recognized a $106.7 million cost-of-goods-sold benefit. It identifies the quarter as ending August 2, 2026, but does not support September 2, 2026 as the event date.

Sony and Microsoft ask courts to dismiss the console refund suits: buyers got what they paid for

Sony moved to dismiss the consolidated PS5 case in the Northern District of California on August 31, after Microsoft's August 21 motion in the Western District of Washington and Nintendo's on July 20, all arguing that paying an advertised price for a voluntarily purchased console is not a legal injury and that the price rises reflected inflation, component costs and demand rather than tariffs alone. Sony noted its second, $100 increase came after the tariffs were struck down. Costco and Walmart said refunds would flow to customers as lower prices; Nintendo's refund was put at about $300 million.

• SlashGear · Sep 4, 2026 · Several companies, including Sony, Microsoft, and Nintendo, are facing lawsuits over the issue, but Sony wants its lawsuit dismissed.

CBP certifies approximately $107 billion in IEEPA-duty refunds

U.S. Customs and Border Protection had certified approximately $107 billion in IEEPA-duty refunds through August 21, 2026. The amount was about 64 percent of the $166 billion collected.

• Penn Wharton Budget Model · Sep 9, 2026 · According to court filings, CBP has certified approximately $107 billion in refunds through August 21, 2026, about 64 percent of the $166 billion collected.

Editor's note: The page states that CBP had certified approximately $107 billion in refunds through August 21, 2026, about 64 percent of the approximately $166 billion collected. The quoted sentence appears on the page.

Sony expects ¥80 billion, about $508 million, in tariff refunds, most of it to the PlayStation business

In its first-quarter results Sony said it expected to have received ¥80 billion in U.S. tariff refunds, about 70% of it already collected in the April to June quarter, with most going to the games division, and cited the refund as one reason for raising its full-year operating income forecast by 10%. The base PS5 had gone from $500 in early 2025 to $550 in August 2025 and $650 in April 2026. Consolidated PlayStation class actions were pending and Sony was due to respond in August.

• Game File · Aug 4, 2026 · Sony estimates it will have received ¥80 billion ($508 million) in tariff refunds from the United States government, in the wake of a Supreme Court ruling in February that the global levies imposed by the Trump administration were illegal.
• Sony Group Corporation · Jul 31, 2026 · Regarding U.S. tariff refunds, we expect approximately 80 billion yen of the tariffs, which the Sony Group as a whole paid, to be refunded during the current fiscal year, and we have allocated most of that amount to an upward revision of our consolidated operating income forecast.

Editor's note: Official source added: https://www.sony.com/en/SonyInfo/IR/library/presen/er/pdf/26q1_sonyspeech.pdf

Section 122 surcharge lapses after 150 days; Section 301 duties on some 60 economies take its place

The temporary 10% surcharge expired as the statute required, and the same day a Section 301 tariff on goods made with forced labour took effect across about sixty economies, two days after a Section 301 tariff on Brazil. Global Trade Alert calculated that the trade-weighted average U.S. tariff barely moved, from 11.0% to 11.2%, but the structure shifted from a near-uniform surcharge back to country-specific duties, with China's average rising to 27.2%.

• Global Trade Alert · Jul 24, 2026 · On 22 July the Section 301 tariff on Brazil entered force; on 24 July the temporary Section 122 surcharge lapsed and a Section 301 tariff on goods made with forced labour took effect across some sixty economies.
• The White House · Jul 23, 2026 · On March 12, 2026, the United States Trade Representative (Trade Representative) initiated investigations under section 301 of the Trade Act of 1974, as amended (19 U.S.C. 2411) (section 301), into the acts, policies, and practices of 60 economies to examine whether any of the economies subject to these investigations fail to prohibit or to effectively enforce a prohibition on the importation of goods produced wholly or in part with forced labor and whether the failure is unreasonable or discriminatory and burdens or restricts U.S. commerce.

Editor's note: Official source added: https://www.whitehouse.gov/presidential-actions/2026/07/actions-by-the-united-states-in-the-investigations-under-section-301-of-the-trade-act-of-1974-of-the-acts-policies-and-practices-of-60-economies-related-to-the-failure-of-each-economy-to-impose-and/

Nintendo moves to dismiss consumer tariff-refund class action

Nintendo moved to dismiss the proposed consumer class action brought by Hoffert and Sharan. It argued that plaintiffs were not entitled to a rebate based on legal developments related to tariffs.

• Hoffert v. Nintendo of America motion to dismiss · Jul 20, 2026 · Plaintiffs are not entitled to a rebate simply because of intervening legal developments related to tariffs.

responded to Consumers sue Nintendo over tariff refunds and consumer prices.

Editor's note: The document is Nintendo's motion to dismiss in the Hoffert and Sharan proposed class action. It was filed on 2026-07-20 and expressly argues that plaintiffs are not entitled to a rebate because of intervening legal developments related to tariffs.

Trade court authorizes CAPE path for older plaintiffs' entries

The Court of International Trade ordered CBP to reliquidate plaintiffs' entries that had been liquidated for more than 80 days without regard to IEEPA duties. The order applied after CBP accepted a plaintiff's CAPE declaration.

• U.S. Court of International Trade, In re Tariffs Collected in Reliance on IEEPA · Jul 15, 2026 · U.S. Customs and Border Protection shall reliquidate, without regard to IEEPA duties, any and all of Plaintiffs’ entries that have been liquidated for more than 80 days.

responded to CBP sends $86.3 billion in refunds to Treasury.

Editor's note: The order directs CBP to reliquidate plaintiffs’ IEEPA-duty entries liquidated for more than 80 days, conditioned on counsel’s required submission and CBP’s acceptance of plaintiffs’ CAPE declarations. The order is dated and filed July 15, 2026.

CBP sends $86.3 billion in refunds to Treasury

CBP had sent approximately $86.3 billion in refunds to the Department of the Treasury for disbursement. The Court of International Trade recited that status in its July 15 order.

• U.S. Court of International Trade, In re Tariffs Collected in Reliance on IEEPA · Jul 15, 2026 · To date, approximately $86.3 billion in refunds have been sent to the U.S. Department of Treasury for disbursement.

was answered by Trade court authorizes CAPE path for older plaintiffs' entries.

Editor's note: The July 15, 2026 order states that, as of July 10, 2026, approximately $86.3 billion in refunds had been sent to the U.S. Department of Treasury for disbursement. The quoted language appears on the page.

Apple says it applied for CBP tariff refunds

Apple disclosed that it had applied for refunds of tariffs paid through CBP processes. It said tariff refunds contributed to product gross-margin improvement during the quarter.

• Apple Inc. Form 10-Q · The Company has applied for a refund of tariffs paid, following the processes established by U.S. Customs and Border Protection.

Editor's note: The filing states that Apple applied for refunds of tariffs paid through U.S. Customs and Border Protection processes and recognized refunds received as reductions of products cost of sales. It also says tariff refunds contributed to products gross-margin improvement, but it does not give a July 2026 date for the application or disclosure.

Tapestry records $114.7 million IEEPA refund receivable

Tapestry estimated that its probable tariff refund was $114.7 million and recorded that amount as a receivable. It reported receiving $2.1 million in fourth-quarter cash refunds.

• Tapestry, Inc. Form 10-K · Jun 27, 2026 · We estimate the amount of the probable refund to be $114.7 million, which was recorded as a receivable.

Editor's note: The Form 10-K for the fiscal year ended 2026-06-27 states that Tapestry estimated a probable IEEPA tariff refund of $114.7 million and recorded it as a receivable. It also reports $2.1 million of cash refunds received during the fourth quarter.

Consumer sues Microsoft over Xbox tariff charges and refunds

Trevor Hastings filed a proposed consumer class action against Microsoft. The complaint alleged Microsoft could collect tariff-related costs from consumers and also receive federal tariff refunds.

• Hastings v. Microsoft Corporation complaint · Jun 17, 2026 · If unchecked, Microsoft will reap those tariff payments twice – once in the form of pass-through costs imposed on consumers like Plaintiff, and then again from the federal government through its tariff refund program, including interest.

Editor's note: The complaint identifies Trevor Hastings as the plaintiff in a proposed class action against Microsoft and alleges Microsoft passed tariff costs to consumers while seeking federal refunds for the same duties. It was filed in King County Superior Court on 2026-06-17.

FedEx records $749 million customer-refund liability

FedEx recorded $749 million within current liabilities as of May 31, 2026. The liability represented estimated customer refund obligations for cash refunds received.

• FedEx Corporation / SEC Form 10-K · Jul 20, 2026 · Accordingly, FedEx has recorded $749 million as of May 31, 2026 within current liabilities representing estimated customer refund obligations for cash refunds received.

Editor's note: Date corrected from 2026-07-20 to 2026-05-31. The filing states that FedEx recorded $749 million within current liabilities as of May 31, 2026 for estimated customer refund obligations for cash refunds received. The stated July 20, 2026 node date does not match the liability measurement date given in the disclosure.

CBP reports $20.6 billion in CAPE refunds completed

CBP reported that approximately $20.6 billion in duty and interest refunds had been completed using CAPE. The declaration was filed in Euro-Notions Florida, Inc. v. United States. Four days later CBP corrected an earlier estimate of refunds in process to $25.46 billion, clarifying that a prior figure of about $35.46 billion had been overstated.

• CBP declaration in Euro-Notions Florida, Inc. v. United States · May 26, 2026 · Of this total amount, refunds (duties plus interest) of approximately $20.6 billion have been completed using the CAPE Refund component.

Editor's note: The declaration in Euro-Notions Florida, Inc. v. United States states that, as of 3 p.m. Eastern on May 22, 2026, approximately $20.6 billion in duty-plus-interest refunds had been completed using CAPE. The document was filed on May 26, 2026, but the reported refund status is explicitly dated May 22, 2026.

Trade court strikes down the Section 122 surcharge; Federal Circuit stays the ruling five days later

In Oregon v. United States and Burlap and Barrel v. United States the Court of International Trade held Proclamation 11012 invalid because trade and current-account deficits are not the balance-of-payments deficits Section 122 was written for. Relief was limited to the plaintiffs, the State of Washington, Burlap and Barrel and toymaker Basic Fun, and on May 12 the Federal Circuit issued an administrative stay, so collection of the 10% surcharge continued while the appeal proceeded.

• Ward and Smith · May 13, 2026 · On May 7, 2026, the U.S. Court of International Trade held that Proclamation 11012, which imposed a temporary 10% import surcharge under Section 122 of the Trade Act of 1974, was invalid because the proclamation did not identify the type of “balance-of-payments deficits” required by the statute.

PS5 buyers file a class action demanding a share of Sony's tariff refunds

Walker v. Sony Interactive Entertainment, filed in the Northern District of California, argued that Sony's $50 price increase on every PS5 model in August 2025 was a response to the tariffs and that keeping the refunds would be a double recovery windfall, on behalf of everyone who bought a PlayStation console from August 1, 2025. Similar suits had been filed against Nintendo in April and would follow against Microsoft in July; the PlayStation cases were later consolidated.

• Player.One · May 6, 2026 · The case, titled Walker et al v. Sony Interactive Entertainment LLC, was filed on May 6, 2026, in the U.S. District Court for the Northern District of California.

result of US prices rise $50 as tariffs bite: PS5 $549.99, Digital $499.99, Pro $749.99 on The Road to PlayStation 6: PS5 Pro, Project Amethyst, Two Price Hikes and the Memory Crunch.

Consumers sue Nintendo over tariff refunds and consumer prices

Gregory Hoffert and Prashant Sharan filed a proposed class action against Nintendo of America. They alleged Nintendo could recover tariff payments from consumers through higher prices and from the federal government through refunds.

• U.S. District Court for the Western District of Washington, Hoffert v. Nintendo of America · Apr 21, 2026 · Unless restrained by this Court, Nintendo stands to recover the same tariff payments twice—once from consumers through higher prices and again from the federal government through tariff refunds, including interest paid by the government on those funds.

responded to CBP launches CAPE, the bulk refund tool in ACE, for the first phase of IEEPA refunds. was answered by Nintendo moves to dismiss consumer tariff-refund class action.

Editor's note: The complaint identifies Gregory Hoffert and Prashant Sharan as plaintiffs in a proposed class action against Nintendo of America and alleges that Nintendo passed tariff costs to consumers while seeking federal tariff refunds. It was filed on 2026-04-21.

Nintendo sues the U.S. government at the trade court for a refund of its IEEPA duties with interest

Nintendo of America filed at the Court of International Trade seeking every IEEPA duty it had paid, with interest and fees, joining more than a thousand companies that had already sued. Its complaint put total IEEPA collections above $200 billion. The tariffs had pushed console makers to raise prices in 2025, which is what later turned the refunds into consumer class actions.

• TechCrunch · Mar 6, 2026 · Nintendo filed a lawsuit against the U.S. government on Friday over its extraction of tariffs from global businesses.

Same day, Trump imposes a 10% Section 122 surcharge for 150 days to replace the struck-down tariffs

Hours after the ruling Trump signed Proclamation 11012 under Section 122 of the Trade Act of 1974, a balance-of-payments authority that allows an import surcharge of up to 15% for at most 150 days without Congress. The 10% surcharge applied to imports from all countries from February 24 with product exceptions, and by statute expired on July 24, 2026. Trump called the Court's decision extraordinarily anti-American and briefly raised the rate to 15%, drawing a new suit from 24 states.

• Federal Register · Feb 25, 2026 · Specifically, my advisors have determined that an import surcharge in the form of ad valorem duties is required to deal with large and serious United States balance-of-payments deficits.

result of The Supreme Court strikes down the IEEPA tariffs; the 35 percent goes, a Section 122 surcharge and the 232 tariffs stay on The US–Canada Trade War: From the Fentanyl Tariffs to Section 338 and Dollar-for-Dollar Retaliation.

Supreme Court hears the consolidated tariff cases and sounds skeptical of the government

After granting certiorari on September 9 and expediting the cases, the Court heard nearly three hours of argument in Learning Resources v. Trump and Trump v. V.O.S. Selections. Solicitor General John Sauer argued that regulating importation plainly embraces tariffs; Neal Katyal for the businesses and Oregon's Benjamin Gutman for the states argued that IEEPA never mentions tariffs, duties or taxes. Justices across the spectrum pressed the government to point to statutory text authorising tariffs.

• SCOTUSblog · Nov 5, 2025 · The Supreme Court on Wednesday seemed skeptical of President Donald Trump’s authority to impose sweeping tariffs in a series of executive orders earlier this year. During more than two-and-a-half hours of oral arguments, a majority of the justices appeared to agree with the small businesses and states challenging the tariffs that they exceeded the powers given to the president under a federal law providing him the authority to regulate commerce during national emergencies created by foreign threats.

Federal Circuit grants stay pending appeal in Oregon case

The Federal Circuit granted the government's motion for a stay pending appeal. It scheduled expedited oral argument on the merits for July 31, 2025.

• Oregon Department of Justice · Jun 10, 2025 · On 6/10/25, the Federal Circuit issued an order granting the government’s motion for a stay pending appeal and scheduled an expedited oral argument on the merits for 7/31/25.

Editor's note: The page states that on 6/10/25 the Federal Circuit granted the government's motion for a stay pending appeal and scheduled expedited merits argument for 7/31/25. The update is listed under 06/10/2025.

Oregon and allied states file IEEPA tariff challenge

Oregon and allied states filed a complaint in Oregon v. Trump at the Court of International Trade. The case challenged executive orders increasing tariffs under IEEPA.

• Oregon Department of Justice · Apr 23, 2025 · On 4/23/25, the plaintiff filed their complaint.

Editor's note: The page states that the case was filed on April 23, 2025 and describes it as a lawsuit challenging executive orders increasing tariffs under IEEPA. It includes the quoted update verbatim.