Corporate Giants Race to Recover Billions in Tariff Payments

The refund process is expected to be a ’mess’ and have ‘consequences’ for the Treasury.

Customers walk in the parking lot outside a Costco store in Chicago, Ill., on Dec. 2, 2025. Costco is suing the Trump administration for a refund of tariffs the company alleges were improperly imposed by President Donald Trump. Scott Olson/Getty Images

A long list of companies around the world have filed preemptive lawsuits seeking refunds on tariffs imposed under President Donald Trump’s trade actions.

The Supreme Court’s Feb. 20 ruling struck down the president’s use of emergency powers to implement those tariffs, a major setback for the administration’s broader trade agenda.