Businesses can claim refunds for Trump tariffs ruled unconstitutional starting Monday
Summary
Starting Monday, businesses that paid tariffs imposed by President Donald Trump without legal authority can begin claiming refunds through an online system run by U.S. Customs and Border Protection (CBP). The Supreme Court ruled these tariffs unconstitutional, and the refund process may eventually extend to consumers who paid higher prices due to the tariffs.Key Facts
- The refund system opens at 8 a.m. Monday for importers and their brokers.
- The Supreme Court ruled on February 20 that President Trump lacked authority to impose these tariffs under the International Emergency Economic Powers Act.
- Over 330,000 importers paid about $166 billion on tariffs for more than 53 million shipments.
- Only certain imports qualify initially: those with estimated but not finalized tariffs or finalized tariffs within the past 80 days.
- As of April 14, about 56,497 importers registered and qualified for refunds totaling $127 billion including interest.
- CBP expects refunds to take 60-90 days to process once claims are approved.
- The refund process may face delays due to technical and procedural issues.
- Importers must carefully list all documents and values for their goods to avoid rejection of their refund claims.
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