BEIJING, Aug. 10 (Xinhua) -- Several Chinese listed companies have reported receiving U.S. tariff refunds and interest since early July, as the United States moves to return duties imposed under the International Emergency Economic Powers Act (IEEPA).
Guizhou Tyre Co., Ltd. said on Aug. 7 that its overseas wholly owned subsidiary had received a total of 11.98 million U.S. dollars in tariff refunds and interest from U.S. Customs and Border Protection (CBP).
On July 8, Zhejiang Huahai Pharmaceutical Co., Ltd. said it had received a total of 14.23 million U.S. dollars in tariff refunds, which were expected to affect its 2026 net profit by about 96.87 million yuan based on the yuan's central parity rate that day. On the same day, Hitevision Co., Ltd. said its subsidiary had received 4.07 million U.S. dollars in tariff refunds.
Canature Health Technology Group Co., Ltd. said on July 13 that it had received 4.55 million U.S. dollars in tariff refunds, including interest.
On July 28, WINBO-Dongjian Automotive Technology Co., Ltd. said it and its wholly owned subsidiary had received 3.39 million U.S. dollars in tariff refunds and interest.
Greenworks (Jiangsu) Co., Ltd. and Newtechwood Corporation have also said they had received partial tariff refunds, without disclosing the amounts. Shenzhen Hello Tech Energy Co., Ltd., Hansong (Nanjing) Technology Limited, and Zhejiang Dingli Machinery Co., Ltd. said they had submitted refund applications or started the relevant procedures.
The refunds come as the U.S. Supreme Court ruled on Feb. 20 that President Donald Trump's tariff policies under the IEEPA are unconstitutional. The unilateral tariff measures have drawn opposition both at home and abroad, with concerns that they violate international trade rules and undermine the global trading order.
By the end of July, the Trump administration had returned around 100 billion U.S. dollars of tariffs to U.S. importers, a court document stated. The CBP was projected to hand out up to 175 billion U.S. dollars of IEEPA tariffs in total, according to an earlier estimate issued by Penn Wharton Budget Model at the Wharton School of the University of Pennsylvania. ■
