$127 Billion in Tariff Refunds: How to Claim Yours Monday
Summary
The U.S. government will open a new online system Monday for businesses to claim refunds on tariffs that the Supreme Court ruled unconstitutional earlier this year. About $127 billion in refunds will be available initially, but only certain importers can apply, and consumers will not get money directly.Key Facts
- The Supreme Court ruled on February 20 that President Donald Trump's tariffs under the IEEPA law were unconstitutional.
- The tariffs affected imports from nearly every country and were based on a declared national emergency citing the U.S. trade deficit.
- The government estimates $127 billion in refunds are available in the first phase for qualified importers.
- Eligibility in Phase 1 is limited to importers who paid these tariffs on shipments not yet finalized or finalized within the last 80 days.
- Importers must use the new CAPE system within the ACE Secure Data Portal to submit refund claims.
- Refunds will be paid by electronic transfer and may take 60 to 90 days to process after claim acceptance.
- Consumers will not receive direct refunds; only importers get the money back. Some delivery companies like FedEx may return refunds to customers later.
- Additional phases will expand eligibility and address other shipments in the future.
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