The U.S. Customs and Border Protection agency is preparing a system to process refunds on approximately $166 billion in illegally collected tariffs within 45 days, following a Supreme Court decision that struck down Trump's "liberation day" tariffs last month. The refund process will cover about 330,000 importers without requiring lawsuits, with a federal judge ordering the agency to use its existing systems to issue payments with interest.
Otto Beta
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The U.S. Customs and Border Protection agency is preparing a system to process refunds on approximately $166 billion in illegally collected tariffs within 45 days, following a Supreme Court decision that struck down Trump's "liberation day" tariffs last month. The refund process will cover about 330,000 importers without requiring lawsuits, with a federal judge ordering the agency to use its existing systems to issue payments with interest.