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US set to launch tariff refund system on April 20
The initial phase will send one electronic payment to importers, with interest when applicable, after 56,497 companies registered for refunds.
- President Donald Trump's administration will launch the CAPE system next Monday to issue refunds to American importers for $166 billion in tariffs that the Supreme Court struck down in February as unlawful.
- The Supreme Court ruled that Trump overstepped his authority in imposing sweeping global tariffs under the International Emergency Economic Powers Act, a 1977 law intended for use in national emergencies.
- More than 330,000 importers paid tariffs on 53 million shipments, and as of April 9, some 56,497 importers had completed the process to receive electronic refunds totaling $127 billion.
- Agency official Brandon Lord told the New York-based Court that Customs and Border Protection is weighing options for entries subject to $2.9 billion in tariffs that normally require manual processing.
- Customs and Border Protection plans to roll out the system in phases, initially processing refunds on recently imported goods and straightforward entries, while the New York-based Court continues monitoring development.
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41 Articles
41 Articles
St Louis Post-Dispatch+3 Reposted by 3 other sources
Trump administration will refund importers
On Monday, President Donald Trump's administration plans to launch the system it will use to issue refunds to American importers for $166 billion the companies paid in tariffs that the U.S. Supreme Court struck down in February as unlawful.
·St. Louis, United States
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US Tariff Refund Worth 244 Trillion Won Begins Phased Operation on the 20th. Reports have emerged that the refund of $166 billion (approximately 244 trillion won) in tariffs, collected by the Trump administration but ruled illegal by the Supreme Court, will begin on the 20th (local time). Through this system called CAPE, importers...
Unfairly paid customs duties of 166 billion dollars are to be refunded from next week.
·Vienna, Austria
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Total News Sources41
Leaning Left7Leaning Right4Center12Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 31%
C 52%
R 17%
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