US launches tariff refund system as thousands of importers line up
Summary
The U.S. government has started a new system to refund companies for tariffs that were illegally collected. Thousands of importers are now submitting claims to get back money from tariffs that President Trump had imposed but were later struck down by the Supreme Court.Key Facts
- The refund system by U.S. Customs and Border Protection (CBP) went live on Monday morning.
- Thousands of companies quickly began filing claims to recover tariffs they paid.
- The system experienced minor glitches but did not crash under heavy use.
- Over 56,000 importers have completed steps for refunds totaling $127 billion.
- The Supreme Court ruled in February that the tariffs imposed under national emergency powers were illegal.
- More than 330,000 importers paid tariffs on 53 million shipments affected by the ruling.
- Refunds will be processed in phases, likely starting with the most recent tariff payments.
- CBP estimates refunds will take 60 to 90 days once claims are approved.
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