US begins tariff refunds after Supreme Court ruling

Oshkosh and Basic Fun have started receiving refunds from a $166 billion tariff refund program, marking the first payments since the Supreme Court struck down the tariffs. The refunds are for duties paid on imports from China under Section 301 tariffs that were ruled unlawful. The program aims to return money to thousands of companies that paid the tariffs. The Supreme Court's decision invalidated the tariffs, prompting the refund process. Oshkosh, a defense contractor, and Basic Fun, a toy company, are among the first recipients. The refunds signal a significant shift in trade policy and provide relief to businesses affected by the tariffs.