President Donald Trump has intensified pressure on corporations to apply for refunds on tariffs imposed during his administration, warning that firms which do not participate may face future scrutiny.
This comes as major retailers including Walmart, Home Depot, and Target confirm their involvement in the rebate process.
The administration has already begun disbursing refunds for duties levied on imported goods, a move that marks a tangible shift in U.S. trade policy.
The process, which includes a web portal for rebate applications, aims to address trade tensions and their economic impact.
Markets have been closely watching the unfolding developments, as the policy shift could influence trade dynamics and corporate strategies.
The broader context of this initiative is rooted in the Trump administration's earlier imposition of wide-ranging global duties, which were recently struck down by the Supreme Court.