Refund Duties

U.S. businesses can now ask for their tariff money back.

On Monday, the Trump administration began accepting refund requests for the $166B collected from Trump’s “Liberation Day” tariffs after the Supreme Court struck them down and a federal trade court ordered refunds. A new government claims system (called CAPE) is handling the filings, allowing ~330,000 importing businesses to recoup their payments on foreign imports—plus interest accrued. 

While the White House could still appeal the refund order, the government says they'll give businesses their greenbacks back within 60-90 days. 

Because only official tariff-paying entities are invited to the refund party, individual consumers won’t benefit unless businesses opt to pass the savings along. FedEx has committed to returning refunds directly to consumers, and Costco has signaled it will do so via lower prices.

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Verse to consider whether you’re waiting on a refund, an unanswered prayer, or that big email… “I wait for the Lord; I wait and put my hope in his word. I wait for the Lord more than watchmen for the morning—more than watchmen for the morning.” 
Psalm 130:5-6 (CSB) (read full passage)