Donald Trump’s administration just kicked off the largest tariff refund in U.S. history, and businesses are about to get $166 billion back. Starting at 8 p.m. ET on April 20, U.S. Customs and Border Protection (CBP) will open the first phase of a new claims system, letting importers file for refunds on tariffs that the Supreme Court ruled were illegally imposed.
According to Fox Business, the refunds stem from a February Supreme Court decision that struck down the legal basis for Trump’s tariffs. The court found that the International Emergency Economic Powers Act, the law Trump used to justify the duties, didn’t actually give the president authority to impose tariffs. That power, the justices said, belongs to Congress.
