Tariff refunds are finally happening. Well, sort of.
Exactly two months after the Supreme Court struck down President Donald Trump’s most sweeping tariffs, American importers, who are owed $166 billion in refunds plus interest, can begin applying for reimbursement Monday through a new US Customs and Border Protection portal.
CBP estimates that refunds will be issued within 60 to 90 days after approval, but it could take longer depending on whether additional reviews of entries are merited.
The program, called the Consolidated Administration and Processing of Entries (CAPE), “is designed to consolidate refunds of IEEPA duties including interest rather than processing refunds on