Trump: It is a wise move to remember companies that did not apply for tariff refunds.

President Trump stated that after the Supreme Court ruled his large-scale tariff measures illegal, he will "remember" those companies that do not apply for tariff refunds, which has raised significant attention from the business community and the market to the potential policy implications. In an interview on Tuesday, Trump said that it would be a "wise move" if companies, including Amazon.com, Inc. (AMZN.US) and Apple Inc. (AAPL.US), choose not to apply for the refund of tariffs that they have already paid and are now deemed illegal. He added, "If they don't do that, I will remember them." In February of this year, the Supreme Court ruled that the Trump administration's practice of imposing so-called "equal tariffs" on goods imported from almost all countries under the International Emergency Economic Powers Act is not legally grounded. This ruling paved the way for what could become the largest government refund in U.S. history. Subsequently, the U.S. Customs and Border Protection (CBP) launched a portal on Monday for importers to submit requests for tariff refunds. The market expects the total amount of refunds to exceed $160 billion, but there is still significant uncertainty regarding the specific process and implementation. Currently, thousands of companies have filed lawsuits through the U.S. Court of International Trade to ensure that they retain the right to refunds in the event of future policy changes or government challenges. This includes large companies like Costco (COST.US) and FedEx Corporation (FDX.US). United Parcel Service (UPS.US) stated that once they receive refunds from the government, they will refund the funds to customers who paid tariffs through their channels, emphasizing that customers do not need to apply proactively as the company has established an automatic refund process. Despite the Supreme Court overturning the previous tariff measures, the Trump administration has swiftly implemented alternative measures. Following the February ruling, the government immediately introduced a temporary 10% tariff policy, which is expected to expire in July. Trump stated that the government is working to restore tariff revenue through other legal means, "We will achieve the same goal in different ways, and eventually may even generate higher revenue, but the process will be more complex."