Corporate America is mobilizing to recover more than $130 billion in tariffs after recent legal challenges overturned Trump-era import levies. Major importers including Walmart, Target, and Home Depot are preparing refund claims as courts question the legality of these duties imposed during trade disputes.

Trade groups estimate the levies affected over $300 billion in imports, creating significant financial strain on retailers and manufacturers. The refunds could provide crucial relief to companies that absorbed higher costs or passed them to consumers. Legal experts say the refund process may take months as government agencies review claims.

This development marks a major shift in U.S. trade policy, potentially reshaping how companies approach global supply chains. Businesses that stockpiled inventory to avoid tariffs now face complex accounting challenges. The refund battle underscores how trade policy uncertainty continues to impact corporate strategy and consumer prices.