Ford to receive $1.3 billion government refund for Trump's IEEPA tariffs

Ford Motor said on Wednesday it expects to cod $1.3 cardinal successful U.S. authorities refunds for tariffs illegally imposed by the Trump administration.

The Detroit automaker raised its yearly guidance by $500 million, citing the projected one-time tariff boost. In February, the Supreme Court struck down tariffs President Trump authorized past twelvemonth nether the International Emergency Economic Powers Act, oregon IEEPA.

The national authorities connected April 20 launched a strategy — the Consolidated Administration and Processing of Entries, oregon CAPE, portal — that allows importers to taxable claims for refunds of IEEPA tariffs.

Initially, businesses tin lone taxable claims for tariffs that were estimated and that could inactive beryllium amended, arsenic good arsenic those that had lone precocious been finalized by U.S. Customs and Border Patrol (CBP) officials. The bureau has rejected astir 15% of refund requests since CAPE launched earlier this month, apt owed to clerical errors, according to ineligible experts.

CBP has said businesses volition person tariff refunds for eligible claims wrong 60 to 90 days of their approval. 

It's unclear whether Ford's $1.3 cardinal refund reflects the full magnitude of IEEPA duties the automaker paid oregon lone those initially eligible for a refund. The institution did not instantly respond to a petition for comment.

For its archetypal quarter, Ford reported nett income of $2.5 cardinal connected gross of $43.3 billion, up 6% from a twelvemonth ago. The tariff boost reflects the IEEPA levies the institution paid betwixt March 2025 and February.

Edited by Alain Sherter

In:

• Ford Motor Company
• Tariffs