First Trump tariff refunds expected about May 11
Key takeaways
- Court of International Trade Judge Richard Eaton, who oversees the process, revealed the timeline following a closed hearing on Wednesday.
- Customs and Border Protection (CBP) has been working for weeks to refund $166 billion in Trump s tariffs, plus interest, that the Supreme Court nullified in its blockbuster 6-3 decision in February.
- Importers have already successfully uploaded 21 percent of the affected entries into the system, according to Eaton s new order.
Why this matters: political developments that affect policy direction and public trust.
U.S. Court of International Trade Judge Richard Eaton, who oversees the process, revealed the timeline following a closed hearing on Wednesday.
Customs and Border Protection (CBP) has been working for weeks to refund $166 billion in Trump s tariffs, plus interest, that the Supreme Court nullified in its blockbuster 6-3 decision in February. The refunds will go to the companies that imported the goods, not consumers, though companies like FedEx and UPS have vowed to pass along any savings.
CBP s electronic system went live last week. Importers have already successfully uploaded 21 percent of the affected entries into the system, according to Eaton s new order.