Essentially yes. Companies paid the tariff costs, largely passed this on to consumers via higher prices, and now companies are due the tariff costs back. Consumers of course won’t get anything back.
> Under customs law, importers generally have about 314 days after goods enter the country before a tariff payment is finalized, a process known as “liquidation.”
> If companies fail to challenge the duty and request a refund after the duty is finalized — or liquidated — they must file a formal protest and, in some cases, challenge the decision in the New York-based trade court to recover the funds.
Well done America.