Detroit small businesses say tariff refunds could be a lifeline -- if they can clear the federal hurdles
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By Shawnte Passmore
Published on April 6, 2026.
The International Emergency Economic Powers Act (IEEPA) has allowed the return of billions of dollars in tariff refunds to American companies. However, experts warn that consumers may not receive any of the money. The federal government is developing a system to process refund claims and is expected to take up to 45 days to review and process claims once it is operational. Only entities listed as importers of record like big-box stores or small businesses are eligible. For Detroit-area small businesses, a refund could be a lifeline, particularly for small businesses who have passed on tariff costs. Sherrie Savage, founder of The Coloring Museum, believes a refund would allow her to reinvest profits into her business.
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