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U.S. set to launch tariff refund system on April 20 (www.nbcnews.com)

submitted 4 weeks ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Donald Trump‘s administration plans to launch next Monday the system it will use for issuing refunds to American importers for $166 billion the companies paid in tariffs that the U.S. Supreme Court struck down in February as unlawful.

U.S. Customs and Border Protection said in a court filing on Tuesday that it has completed the development of the initial phase of the refund system, known as CAPE. The system will consolidate refunds so importers will receive one electronic payment, with interest when applicable, rather than processing refunds on an entry-by-entry basis.

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[–] Kernal64@sh.itjust.works 7 points 4 weeks ago* (last edited 4 weeks ago) (3 children)

Why do these companies get the refund instead of us? They passed the cost on to us, and we paid. We should be getting the refund since we're the ones who paid.

[–] brem@lemmy.world 1 points 2 days ago

Epstein Files

[–] brem@lemmy.world 1 points 2 days ago

Epstein Files

[–] smeg@infosec.pub 6 points 4 weeks ago

Sorry, best America can ever do is corporate handouts.