NEW MEXICO — New Mexico companies that import goods or rely on imported materials may soon see financial relief following a federal court ruling on Trump‑era tariffs.
According to newly released court documents, the federal government expects to begin issuing refunds of previously imposed tariffs around May 11. The refunds stem from a Supreme Court decision earlier this year that invalidated roughly $166 billion in tariffs imposed during the Trump administration.
Customs and Border Protection is overseeing the refund process and returning the money, plus interest, to the companies that paid the tariffs. While refunds will not go directly to consumers, some large companies have said savings could eventually be passed down the supply chain.
In New Mexico, businesses in industries such as manufacturing, energy, technology, and transportation may be among those eligible for refunds. Importers statewide have already begun submitting claims through CBP’s newly launched electronic system. A judge overseeing the process said more than 20 percent of affected entries have already been uploaded, though some technical issues remain.
The court has ordered CBP to provide further guidance on refund calculations and interest rates, with an additional progress update due by May 12.
