Trump Threatens Companies Over Tariff Refunds
Analysis based on 12 articles · First reported Apr 20, 2026 · Last updated Apr 22, 2026
The market is impacted by the uncertainty surrounding tariff refunds and the potential for new tariffs. Companies like Apple Inc., Amazon (company), Walmart, and Oracle Corporation face pressure from Donald Trump for not seeking refunds, while others like Costco, FedEx, and Mondelez International are actively pursuing them through lawsuits. The ongoing legal battles and the threat of new tariffs create an unstable trade environment, affecting import costs and corporate profitability.
President Donald Trump is threatening companies that do not seek refunds for tariffs previously deemed illegal by the United States — Supreme Court of the United States. He characterized companies pursuing refunds as 'the enemy' and stated he would 'remember' those that abstain. The United States — Supreme Court of the United States ruled that Donald Trump exceeded his authority by imposing tariffs under the International Emergency Economic Powers Act, leading to a decision by Judge Richard Eaton of the United States — United States Court of International Trade for United States — United States Customs and Border Protection to create a refund system (CAPE) for up to $166 billion. While CAPE launched, Judge Eaton issued a temporary stay, ordering a progress report. Some major companies like Apple Inc., Amazon (company), Walmart, and Oracle Corporation have not filed lawsuits for refunds, possibly to avoid Donald Trump's disapproval, while others like Costco, FedEx, and Mondelez International have sued the United States government. Donald Trump is also working to impose new, more complicated tariffs under Section 301 of the Trade Act of 1974, expected by July.
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