🌀 Businesses can claim refunds starting Monday for Trump tariffs declared unconstitutional
U.S. Customs and Border Protection officially launched the CAPE online portal at 8 a.m. today, allowing more than 330,000 importers to begin reclaiming billions in tariffs. This massive refund initiative follows a landmark Supreme Court decision from February, which determined that the 1977 International Emergency Economic Powers Act did not authorize the sweeping global import taxes imposed by the executive branch. $币安人生 $MERL $STRIKE
The federal government is now tasked with returning approximately $166 billion collected across 53 million individual shipments, with many claims expected to include significant accrued interest. While over 56,000 businesses have already pre-registered for the electronic payment system, the rollout will occur in phases to manage the unprecedented volume of filings.
Most approved refunds are expected to reach businesses within 60 to 90 days, though roughly $2.9 billion in more complex claims may require manual review and additional processing time. While the ruling provides a massive liquidity injection for U.S. importers, it does not apply to separate Section 232 tariffs on steel and aluminum, which remain unaffected by this specific legal transition.