The Supreme Court ruled that the U.S. government must return the money! Chunfeng Power, a domestic motorcycle manufacturer, received $366 million in refunds from the U.S.
Due to the U.S. Supreme Court’s ruling that the Trump administration’s tariffs under the International Emergency Economic Powers Act were illegal, CFP, a wholly-owned subsidiary of domestic motorcycle manufacturer Chunfeng Power, received a total of $54.0324 million (approximately 366 million yuan) in refunded tariffs and interest from the U.S. Customs and Border Protection between August 14, 2026, and September 7, 2026. As of September 7, 2026, CFP had received a total of $92.6403 million (approximately 628 million yuan) in refunds. The U.S. Supreme Court voted 6 to 3 in February 2026 to make this ruling, and the Trump administration immediately issued an executive order to terminate the relevant tariffs. After deducting income tax, this refund is expected to affect Chunfeng Power’s net profit for 2026 by approximately 256 million yuan, accounting for 15.31% of the company’s most recent audited net profit; the cumulative refund is expected to affect the 2026 net profit by approximately 440 million yuan, representing 26.26%.
CFP, a wholly-owned subsidiary of Spring Wind Power, received a total of $54.0324 million in tariffs and interest returned by the U.S. Customs and Border Protection (CBP) from August 14 to September 7, 2026, following the U.S. Supreme Court’s ruling that the Trump administration’s tariffs under the International Emergency Economic Powers Act (IEEPA) were illegal. As of the announcement date, CFP had received a total of $92.6043 million in refunds, equivalent to 628 million yuan. After deducting income tax, this refund is expected to affect the company’s net profit for 2026 by approximately 256 million yuan, accounting for 15.31% of the most recent audited net profit; the cumulative refunds are expected to affect the net profit for 2026 by approximately 440 million yuan, representing 26.26%. The U.S. Supreme Court made the above ruling on February 20, 2026, with a vote of 6 to 3. On the same day, the Trump administration issued an executive order to terminate the related tariffs. CBP began returning the tariffs on April 20, 2026…