The first round of tariff refunds began arriving in bank accounts Tuesday as U.S. Customs and Border Protection started returning duties collected from importers under a trade enforcement program that has since been invalidated by a federal legal decision.
The payments are being processed through an online claims portal launched last month, allowing businesses to recover money paid on imports subject to tariffs imposed under the International Emergency Economic Powers Act (IEEPA). According to Customs and Border Protection, more than 330,000 importers paid duties under the program, which generated about $166 billion in collections.
