Trump, Costco and tariff
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The Trump administration is scrambling to replace the revenue the federal government lost when the Supreme Court struck down his biggest and boldest tariffs last month.
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Customs and Border Protection announces new tool in tariff refund process
Dubbed the Consolidated Administration and Processing of Entries (CAPE), it will help to calculate and issue refunds of ad valorem IEEPA duties.
March 12 (Reuters) - The U.S. government's four-part system for refunding $166 billion in illegal tariff payments with interest is between 40% and 80% complete, according to a court filing on Thursday from a top customs official.
More than $160 billion in unlawfully collected tariffs is at stake, and there is no direct CBP precedent for handling the large-scale reimbursement.
Customs and Border Protection official says new process for tariff refunds could be ready in 45 days
Government officials are getting closer to ironing out a refund process for the hundreds of thousands of companies that paid tariffs now deemed illegal.
CBP told Judge Richard Eaton that the technology upgrades it plans would save more than 4 million man-hours in processing refunds for Trump's tariffs.
The Trump administration has launched investigations into dozens of countries accused of failing to crack down on forced labor, flexing a law that lets the federal government impose tariffs.
National Retail Federation expert says the situation underscores the need for clear and predictable trade policies that support supply chain certainty and reliability. Import volume at the nation’s major container ports is expected to see a significant ...
The country normally applies 25 percent tariffs to US-made vehicles that do not meet USMCA rules