Apple CEO Tim Cook stated today that the company has requested refunds for the customs duties it paid last year under the tariffs announced by Donald Trump. It was noted that these tariffs were recently deemed unconstitutional by the Supreme Court. Here are the details.

Apple wants its tariff money back

During the second quarter earnings call for the 2026 fiscal year today, Apple CEO Tim Cook said the company is following "established processes" to apply for refunds for the tariffs paid last year under the measures announced by Donald Trump and later annulled by the Supreme Court.

The court invalidated this policy by ruling 6-3 that the International Emergency Economic Powers Act (IEEPA) did not grant the president the authority to impose broad tariffs, thus opening the way for companies to reclaim the money they paid.

A few days ago, Donald Trump criticized companies that did not apply for refunds, saying he would "remember" them while targeting those who did apply.

Nevertheless, businesses from various sectors are requesting refunds for the customs duties collected under this framework, and it is reported that the total could reach approximately $166 billion.

Cook did not specify how much they expect to recover, but he confirmed that Apple already has a plan for this money:

We plan to reinvest any amount we receive back into U.S. innovation and advanced manufacturing. This will be new investments and will happen alongside our previous commitments in the U.S.

Last year, Apple launched an initiative called the American Manufacturing Program (AMP) to combine new and existing investment plans under a "$600 billion, four-year commitment to U.S. manufacturing and innovation."

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

Tim Cook's statements came at the end of the Q&A section of Apple's second quarter earnings conference call for the 2026 fiscal year, and the company also confirmed that the shortage of Mac desktop computers is expected to continue for a few more months.

For the second quarter of the 2026 fiscal year, Apple reported revenues of $111.2 billion, a 17% annual increase. Follow this link for the full breakdown of Apple's earnings results.