Tariff Refund Portal Opens: Businesses Claim Billions

0:00It's April 19th. You're listening to U.S. News today, AI-powered national coverage. Starting Monday at 8 a.m., U.S. Customs and Border Protection kicks off an online portal for businesses to claim refunds on tariffs the Supreme. Court ruled President Trump imposed without authority. Those tariffs hit imports from nearly every country, and companies shelled out billions before the high court stepped in with a 6-3 decision. Back on February 20th, the process gets phased, starting with the newest payments, and approved claims take 60 to 90 days to cash out. Over 56,000 importers have registered, eyeing refunds totaling $127 billion with interest. Importers got a list every detail on their goods declarations carefully to avoid rejections. This all stems from Trump invoking a 1970-70 emergency powers law to slap taxes on imports, bypassing Congress-on-trade deficits, labeled a national crisis. A lower court judge last month confirmed, businesses deserve their money back, even though the

1:05Supreme Court didn't spell out refunds in the ruling. Business owners are gearing up, with small outfits like cigar importers in Minnesota prepping records after paying thousands last year. Experts warn of launch day glitches in the portal, urging patients to mid-mix qualifying shipments. Some delivery giants like FedEx plan to pass refunds to customers once they get theirs. As these claims roll in slow and steady, watch for trickle-down effects to shoppers through lawsuits, or direct reimbursements, could reshape how we. Global trade hits down the line.