Published on: 2026-08-10
Source: People’s Republic of China — Translation
An important disclaimer is at the bottom of this article.
Beijing, August 10 /Xinhua/ — Several listed companies in China have reported receiving tariff compensations and interest refunds from the United States since early July, as the United States is working on returning funds collected from customs duties imposed under the International Emergency Economic Powers Act (IEEPA).
On August 7, the Chinese company Guizhou Tyre Co., Ltd. announced that its wholly-owned overseas subsidiary received a total of 11.98 million USD in tariff refunds and interest from the U.S. Customs and Border Protection (CBP).
On July 8, the Chinese company Zhejiang Huahai Pharmaceutical Co., Ltd. announced that it received a total of 14.23 million USD in tariff refunds, which is expected to impact its net profit for 2026 by approximately 96.87 million yuan based on the central parity exchange rate of the yuan on that day. On the same day, Hitevision Co., Ltd. reported that its subsidiary received 4.07 million USD as tariff refunds.
On July 13, Canature Health Technology Group Co., Ltd. reported that it had received USD 4.55 million in tariff refunds, including interest.
On July 28, WINBO-Dongjian Automotive Technology Co., Ltd. announced that it and its wholly owned subsidiary received $3.39 million in tariff refunds and interest.
Greenworks /Jiangsu/ Co., Ltd. and Newtechwood Corporation also stated that they received partial tariff refunds without disclosing specific amounts. Shenzhen Hello Tech Energy Co., Ltd., Hansong /Nanjing/ Technology Limited, and Zhejiang Dingli Machinery Co., Ltd. stated that they have applied for refunds or initiated the corresponding procedures.
The work on tariff rollback begins against the backdrop of the US Supreme Court’s February 20 ruling that President Donald Trump’s tariff policy under IEEPA is unconstitutional. The unilateral tariff measures faced opposition both domestically and abroad, as they violate international trade and economic rules and damage the global trade and economic order.
By the end of July, the Trump administration returned about $100 billion in tariffs to American importers, according to one of the court documents. CBP is expected to allocate a total of up to $175 billion, according to the estimate of the University of Pennsylvania’s Penn-Wharton Budget Model. -0-
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