US Customs and Border Protection says the first electronic refunds from tariffs ruled illegal by the Supreme Court will begin as early as May 12, with up to $166bn in collected duties subject to repayment.
US Customs and Border Protection says the first electronic refunds from tariffs ruled illegal by the Supreme Court will begin as early as May 12, with up to $166bn in collected duties subject to repayment. Summary: US Customs and Border Protection said on Monday that the first electronic refunds from tariffs ruled illegal by the Supreme Court will begin as early as May 12, one day later than a prior estimate, per the CBP announcement The revised start date for Automated Clearing House payments was disclosed in a message to shippers that also announced the availability of status reports allowing claimants to track refund processing, according to the CBP A Court of International Trade order last week had indicated refunds would begin around May 11, with no explanation given for the one-day delay, per the report Up to $166 billion in CBP collections derived from tariffs imposed under the International Emergency Economic Powers Act are subject to repayment following the Supreme Court ruling, according to the report The Supreme Court ruled that President Trump exceeded his authority in using the 1977 IEEPA sanctions law as the legal basis for imposing the tariffs, per the ruling The United States is preparing to begin repaying up to $166 billion in tariff receipts after the Supreme Court ruled that President Donald Trump exceeded his legal authority in imposing them, with Customs and Border Protection confirming the first electronic refunds will flow as early as May 12.
CBP announced the revised start date in a communication to shippers that also introduced status reporting tools allowing claimants to monitor where their refund stands in the processing queue. The one-day slip from an earlier May 11 estimate, set out in a Court of International Trade order last week, was offered without explanation. The tariffs in question were levied under the International Emergency Economic Powers Act, a 1977 law designed as a sanctions mechanism that the Trump administration…