Companies could be owed billions of dollars if tariff ruling sticks

"Depending on what happens with the court cases, there may be an opportunity to get some of those tariffs refunded," said Everett Eissenstat, former deputy director of the National Economic Council under the first Trump administration and a current partner at the law firm Squire Patton Boggs."

"There may be a risk in companies doing that. As individuals, they may not like the exposure," Eisenstatt said."

"Not every company is an Amazon," Eisenstatt said. "If it's an existential issue, I'm sure they're going to want to get those refunds back, especially if they were, if the court deems they were, collected unlawfully."

Court decisions could create opportunities for companies to recover tariffs paid if those collections are ruled unlawful. Firms should carefully track tariff payments and maintain detailed records because the administration will aggressively enforce payments regardless of legal outcomes. Many large companies may avoid publicly pursuing refunds because of exposure and reputational risk, while smaller firms facing existential harm have stronger incentives to seek repayment. Corporations can pursue refunds through class-action lawsuits or trade associations if individual claims are risky. The presidential tariff program generates about $30 billion monthly, so a court invalidation would create a substantial refund obligation.

Read at Axios