Apple will request a refund of customs duties and plans to reinvest money in the United States

Apple CEO Tim Cook said today that the company is seeking a refund of duties paid under tariffs announced by Donald Trump last year, which the Supreme Court recently ruled were unconstitutional. Here are the details.

Apple wants to recover money from its tariffs

During today’s earnings call for the second quarter of fiscal 2026, Apple CEO Tim Cook said the company was following “established processes” to seek reimbursement for tariffs it paid under measures announced by Donald Trump last year and recently overturned by the Supreme Court.

In a 6-3 ruling, the Court held that the International Emergency Economic Powers Act (IEEPA) does not give the President the authority to impose sweeping tariffs, thereby invalidating the policy and opening the door for businesses to recoup what they paid.

A few days ago, Donald Trump said he would “remember” companies that chose not to ask for refunds, while criticizing those that do.

Despite this, businesses across all sectors are now seeking a refund of duties collected under the framework, which could total around $166 billion.

Cook did not reveal how much he hoped to recoup, but confirmed that Apple already had a plan for that money:

We plan to reinvest any amount we receive into innovation and advanced manufacturing in the United States. These would be new investments and would add to our previous commitments in the United States.

Last year, Apple announced the American Manufacturing Program (AMP), an initiative to consolidate new and existing investment plans as part of a “four-year, $600 billion commitment to American manufacturing and innovation,” according to the company.

Since then, Apple has expanded its initiative, including announcing last month that AMP had added new partners such as Bosch, Cirrus Logic, TDK and Qnity Electronics.

Tim Cook’s remarks came at the end of the Q&A session of Apple’s second-quarter 2026 earnings conference call, during which the company also confirmed that the Mac desktop shortage is expected to persist for several months.

For the second quarter of 2026, Apple reported revenue of $111.2 billion, a 17% year-over-year increase. For the full breakdown of Apple’s results, follow this link.

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