Close Menu
    Facebook X (Twitter) Instagram
    TRENDING :
    • Jeff Bezos says AI will cause “labor scarcity,” not job loss
    • A Cape Verde soccer player got all the way to the World Cup, thanks to a LinkedIn message
    • Market Talk – June 16, 2026
    • Infant botulism outbreak: Baby formula sold at Target recalled as potentially deadly infection spreads to 3 states
    • SpaceX buys AI coding startup Cursor for $60 billion
    • The Bari Weiss Problem at CBS
    • Evan Spiegel says Snap can’t fulfill its mission without its new AR glasses
    • AI’s impact on cognitive ability: MIT study reveals more troubling data
    Populist Bulletin
    • Home
    • US Politics
    • World Politics
    • Economy
    • Business
    • Headline News
    Populist Bulletin
    Home»Business»A massive tariff refund program is launching. Here’s who actually gets the money
    Business 3 Mins Read

    A massive tariff refund program is launching. Here’s who actually gets the money

    Business 3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email Copy Link
    Follow Us
    Google News Flipboard
    Share
    Facebook Twitter LinkedIn Pinterest Email

    A tariff refund program will open next week following the invalidation of President Trump’s tariffs by the Supreme Court. But consumers shouldn’t get too excited—the program is aimed only at companies, not individuals. 

    On Friday, the program was introduced by U.S. Customs and Border Protection (CBP), which said the tool, Consolidated Administration and Processing of Entries (CAPE), will open in phases, with the first one beginning on April 20.

    “CAPE will simplify International Emergency Economic Powers Act (IEEPA) duty refund requests made pursuant to court order and in accordance with appropriate statutory authority by providing an electronic pathway to submit valid IEEPA duty refund claims,” CBP explains on its website.

    The tariff refund system’s introduction comes after the Supreme Court struck down tariffs President Trump imposed under the International Emergency Economic Powers Act (IEEPA). In his ruling, Chief Justice John Roberts said the president lacked the authority to impose such tariffs, given that Congress did not grant him that power. “In light of the breadth, history, and constitutional context of that asserted authority,” Roberts said, “he must identify clear congressional authorization to exercise it,” asserting that the president had not done so.

    After the Supreme Court’s ruling, Judge Richard Eaton, a senior judge on the U.S. Court of International Trade, ordered CBP to calculate what importers would have paid without Trump’s tariffs and to begin processing refunds. Eaton said that up to 82% of IEEPA duty payments, amounting to $127 billion, may be eligible for refunds. More than 3,000 companies have filed lawsuits over the impact of Trump’s tariffs, according to research from Manufacturing Dive.

    Who should apply?

    Only businesses impacted by Trump’s tariffs can apply for tariff refunds through CAPE. According to CBP, the first phase of CAPE’s launch will only be for “certain unliquidated entries and certain entries within 80 days of liquidation.” 

    Applicants need to have an Automated Commercial Environment (ACE) Secure Data Portal account, provide CBP with their bank account information, and submit their declaration through the CAPE portal. CBP says, “Once a CAPE Declaration is validated and accepted, ACE will update the appropriate entry summary lines by removing the IEEPA Harmonized Tariff Schedule Chapter 99 provision and the corresponding IEEPA duties, resulting in an updated version of the entry.”

    Only businesses that paid IEEPA tariffs and customs brokers who paid duties on an importer’s behalf are eligible. CBP also noted that it will not accept applications from attorneys filing on behalf of importers.

    How long will refunds take?

    Refunds will take anywhere from 60 to 90 days following an acceptance from CAPE, “unless a compliance concern requires further CBP review,” the agency says. Questions about refunds can be sent to: traderelations@cbp.dhs.gov.

    What about consumers?

    CAPE is only designed to issue refunds to businesses, not consumers. Regardless, recent polling from Groundwork Collaborative and Data for Progress found that 42% of voters think “refunds should go directly to American households,” given that businesses passed price hikes onto customers. 

    According to a Joint Economic Committee fact sheet, American consumers paid more than $231 billion from February 2025 through January 2026 due to Trump’s tariffs. On average, that comes out to around $1,745 per family.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Jeff Bezos says AI will cause “labor scarcity,” not job loss

    June 16, 2026

    A Cape Verde soccer player got all the way to the World Cup, thanks to a LinkedIn message

    June 16, 2026

    Infant botulism outbreak: Baby formula sold at Target recalled as potentially deadly infection spreads to 3 states

    June 16, 2026
    Top News
    Economy 2 Mins Read

    ECM & Monetary Crisis Cycle Webinars Still Available This May

    Economy 2 Mins Read

    Advanced Trading Sold Out — ECM & Monetary Crisis Cycle Webinars Still Available This May…

    What Makes Buying a Franchise a Good Investment?

    January 4, 2026

    Instagram is finally letting you rearrange your profile grid. Here’s how to do it

    June 9, 2026

    As shutdown threatens SNAP food aid, these states are taking action

    October 30, 2025
    Top Trending
    Business 3 Mins Read

    Jeff Bezos says AI will cause “labor scarcity,” not job loss

    Business 3 Mins Read

    Jeff Bezos hears those widespread fears about AI causing job loss—and he…

    Business 3 Mins Read

    A Cape Verde soccer player got all the way to the World Cup, thanks to a LinkedIn message

    Business 3 Mins Read

    On LinkedIn, users may find thinkfluencers offering life lessons from mundane events…

    Economy 2 Mins Read

    Market Talk – June 16, 2026

    Economy 2 Mins Read

    ASIA: The major Asian stock markets had a mixed day today: •…

    Categories
    • Business
    • Economy
    • Headline News
    • Top News
    • US Politics
    • World Politics
    About us

    The Populist Bulletin was founded with a fervent commitment to inform, inspire, empower and spark meaningful conversations about the economy, business, politics, government accountability, globalization, and the preservation of American cultural heritage.

    We are devoted to delivering straightforward, unfiltered, compelling, relatable stories that resonate with the majority of the American public, while boldly challenging false mainstream narratives that seem to only serve entrenched elitists, and foreign interests.

    Top Picks

    Jeff Bezos says AI will cause “labor scarcity,” not job loss

    June 16, 2026

    A Cape Verde soccer player got all the way to the World Cup, thanks to a LinkedIn message

    June 16, 2026

    Market Talk – June 16, 2026

    June 16, 2026
    Categories
    • Business
    • Economy
    • Headline News
    • Top News
    • US Politics
    • World Politics
    Copyright © 2025 Populist Bulletin. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.