Please let us know if you have feedbackLooking for immediate cash, some retailers sold off the economic rights to their potential IEEPA tariff refunds over the past year. “For the seller, a lot of the risk is purely the economics of that transaction because of the uncertainty on exactly when an importer will receive their tariff refund,” Wong said. The third party bought $68.9 million of the retailer’s refund claims for $18.6 million in cash, according to an American Eagle Outfitters quarterly report from June 3. BJ’s allegedly backed out of the deal after CBP announced in April that it would launch a tariff refund portal, per the suit. However, the need to sell off tariff refund rights at a discount instead of waiting for the refund depends on the retailer’s broader positioning.