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The Trump administration on Monday launched a new system to begin refunding $166 billion in tariffs to U.S. importers after the Supreme Court ruled the levies unlawful earlier this year.
The system, known as CAPE, will allow U.S. Customs and Border Protection to issue consolidated electronic payments to importers, streamlining what would otherwise be a complex, entry-by-entry refund process.
“It’s essentially a fast track for processing refunds,” said Reed Smith partner Michael Lowell, adding that importers will need to file claims, but the process should be straightforward.
TRUMP’S TARIFF REVENUES HIT RECORD HIGHS AS SUPREME COURT DEALS MAJOR BLOW
“Customs is estimating that refunds will be processed within 60 to 90 days after submission,” he added. “If importers file as soon as the system opens, refunds could begin flowing by mid-June to mid-July.”
The rollout marks the first phase of the refund effort, meaning not all importers or tariff categories will be eligible right away.
The refunds stem from a February Supreme Court decision that struck down the tariffs, setting the stage for what could become one of the largest repayment efforts in U.S. history.
Many businesses are expected to rush to file claims to get back billions they paid under the now-invalid tariffs.
Tariff revenues hit record highs after “Liberation Day” duties, underscoring the scale of payments now being returned to importers.
SUPREME COURT DEALS BLOW TO TRUMP’S TRADE AGENDA IN LANDMARK TARIFF CASE
Tariffs function as a tax on imports, with U.S. companies often absorbing the upfront costs and passing them along through higher prices for wholesalers, retailers and ultimately consumers. As a result, households and businesses can face increased costs on goods ranging from electronics to raw materials.
Still, trade experts say the broader use of tariffs is far from over.
“Tariffs are not going anywhere. That’s clear. It’s a central component of the administration’s economic and trade policy,” said Reed Smith partner Michael Lowell.
Lowell pointed to the administration’s swift move to impose new tariffs under a separate legal authority known as Section 122 following the Supreme Court’s ruling, noting those measures are already facing legal challenges.
“The administration has tools available to it that it is actively using to impose tariffs on certain imports from certain countries,” Lowell said. “Tariffs are here to stay, at least for the balance of the Trump administration.”
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He added that tariffs imposed during Trump’s first term largely remained in place through the Biden administration, underscoring their staying power across administrations.
Lowell also said companies should take steps now to prepare for continued uncertainty.
“We are advising companies to deal with the issues up front in their contracts, have very explicit terms around who’s responsible for the tariff, how refunds will be processed if we continue to see tariffs that are invalidated and refunds associated with them,” he said.
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