Trump tariff refunds to begin May 12 as CBP processes $166bn in claims

AI summary

<p>US Customs and Border Protection says the first electronic refunds from tariffs ruled illegal by the Supreme Court will begin as early as May 12, with up to $166bn in collected duties subject to repayment. </p><p class="font-claude-response-body break-words whitespace-normal leading-[1.7]">Summary:</p><ul class="[li_&]:mb-0 [li_&]:mt-1 [li_&]:gap-1 [&:not(:last-child)_ul]:pb-1 [&:not(:last-child)_ol]:pb-1 list-disc flex flex-col gap-1 pl-8 mb-3"><li class="whitespace-normal break-words pl-2">US Customs and Border Protection said on Monday that the first electronic refunds from tariffs ruled illegal by the Supreme Court will begin as early as May 12, one day later than a prior estimate, per the CBP announcement</li><li class="whitespace-normal break-words pl-2">The revised start date for Automated Clearing House payments was disclosed in a message to shippers that also announced the availability of status reports allowing claimants to track refund processing, according to the CBP</li><li class="whitespace-normal break-words pl-2">A Court of International Trade order last week had indicated refunds would begin around May 11, with no explanation given for the one-day delay, per the report</li><li class="whitespace-normal break-words pl-2">Up to $166 billion in CBP collections derived from tariffs imposed under the International Emergency Economic Powers Act are subject to repayment following the Supreme Court ruling, according to the report</li><li class="whitespace-normal br