A Pandora Bracelet at the PANDORA Concept Store.

Franziska Krug | German Select | Getty Images

Companies around the world are lining up for reimbursement, as the impact of U.S. tariffs is laid bare during the first-quarter earnings season.

Philips and Pandora on Wednesday announced their intentions to apply for tariff rebates in the wake of President Donald Trump's "liberation day" blitz in April 2025.

After the Supreme Court ruled Trump's sweeping duties illegal in February, the Trump administration launched a portal for processing refunds that could put the U.S. on the hook for an estimated $175 billion in redress.

The first tranche is expected to be issued by around May 11, according to ​an order filed on Tuesday in the U.S.…