00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The first round of tariff refunds has started months after the Supreme Court ruled some tariffs
00:07unconstitutional, according to CNBC. Oshkosh CFO, Matt Field, told CNBC the company began
00:16receiving partial tariff refund payments on Tuesday after its initial filing was accepted.
00:22Basic Fund, the maker of Care Bears and Tonka Trucks, also said it started receiving tariff
00:27refunds Tuesday. CEO Jay Foreman said the refunds currently represent 5% of the company's total
00:33claim on early invoices and will support 2026 cash flow, salary increases, promotions, and merit
00:40raises. UPS, FedEx, and DHL said they will file tariff refund claims for customers, though refunds
00:47tied to recently finalized CBP entries could take months to arrive. U.S. Customs and Border
00:53Protection said it anticipated paying $35.46 billion in refunds on 8.3 million shipments
01:01as of Monday morning. Trump called the tariff refund situation crazy during a Tuesday radio
01:06interview and said his administration would fight efforts to repay the tariffs.
01:10For all things money, visit Benzinga.com.
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