Tariff Refund Portal Opens: Businesses Seek Relief

0:00Starting Monday, the U.S. Customs Portal opened up for businesses to request refunds on those tariffs from President Trump's era that the Supreme Court just ruled unconstitutional. Importers who showed out billions can now start the process to get their cash back after years of legal battles. This first phase targets payments that are still under review, not the fully settled ones yet. Folks logged on early, like at 8 a.m. Eastern, and reported it when smooth uploading their records. Impact refunds to hit accounts in 60 to 90 days have approved. Small business owners are breathing easier, calling it a big win after organizing and pushing hard. Groups like Main Street Alliance say the feds now got to deliver a process that actually works for everyday operators. But here's the catch. Consumers probably won't see a dime of it. The tariff costs got baked into higher prices down the supply chain, so everyday shoppers already absorbed a lot during that inflation spike. Reporters who didn't pay duties directly, but face jacked up wholesale costs, are hoping

1:00suppliers share the refund love through discounts or better, deals. This portal, part of a new system called CAP, sets the stage for more refunds on older payments soon. Importers finally got some relief, but it'll take time to unwind all those economic gripples across the board. I'm Corey with the story. That's your California News today update, AI-powered and always on.