Tariff refunds begin on Monday. These retailers are due big paydays
U.S. importers, such as Walmart and Target, could be in line for billions in tariff refunds as the government launches its claims filing portal on Monday.
U.S. importers, such as Walmart and Target, could be in line for billions in tariff refunds as the government launches its claims filing portal on Monday. Grouped from 3 articles across 3 sources.
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U.S. importers, such as Walmart and Target, could be in line for billions in tariff refunds as the government launches its claims filing portal on Monday.
Claims system launches months after supreme court ruled Trump had no legal authority to impose tariffs Sign up for the Breaking News US email to get newsletter alerts in your inbox The Trump administration has begun accepting applications from businesses seeking refunds for more than $166bn in tariffs, months after the supreme court ruled that the president had no legal authority to impose them. The administration launched on Monday the digital claims system , named Cape, which they said in court filings could handle about 63% of affected import filings, with the remainder to follow. Continue reading...
Businesses can apply online through a portal for refunds expected to total $160bn.
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Trump said he was "not happy with the Supreme Court" for ruling IEEPA tariffs were illegal, and for not allowing the U.S. to keep tariffs already collected.
UPS and FedEx have begun filing requests for some tariff refunds through the government's refund process, but those funds could take months to reach customers. Grouped from 2 articles across 2 sources.
Customs officials said some 56,497 importers had completed the necessary steps to receive electronic refunds totalling US$127 billion. Grouped from 2 articles across 2 sources.
This has caused confusion among officials and drove contradictory decisions.
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Israel has killed more than 700 people in Gaza since last year's US-brokered 'ceasefire'. Grouped from 4 articles across 3 sources.