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U.S. importers are due more than $160 billion in tariff refunds.
U.S. importers are eligible for over $160 billion in tariff refunds after a Supreme Court decision.
KEY POINTS
- CBP's new CAPE portal launches Monday for companies to file consolidated tariff refund claims.
- Major retailers like Walmart and Target could receive multi-billion-dollar refunds, per Citi estimates.
- Refunded tariffs may expose companies to lawsuits if they passed costs through to customers.
- The administration is considering restoring tariffs using Section 301, possibly by July.
COMPANIES
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