Tariff refund disbursements are set to begin as early as May 12 after the U.S. Supreme Court voided Trump-era tariffs imposed under the International Emergency Economic Powers Act. The court’s decision effectively makes the federal government liable for more than $166 billion, turning prior collections into reimbursable payments. CBP says 126,237 claims have been submitted via its CAPE portal, with $35.46 billion already finalized. Eligibility is limited to importers of record and customs brokers, leaving consumers excluded despite bearing higher prices.
A US federal appeals court has temporarily halted a decision that said President Donald Trump’s global tariffs are unlawful. For now, importers must keep paying the 10% duties, while the court reviews the administration’s bid to maintain collections during the appeal. The interim order is likely to add cost and planning uncertainty for businesses reliant on imported goods.
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A US trade court ruled Trump’s 10% temporary global tariffs are unjustified under a 1970s trade law, dealing another setback to his tariff push. However, the court only blocked the levies for two private importers and the State of Washington. The decision lands days before Trump is set to discuss trade tensions with Xi Jinping in Beijing.
Economist Kenneth Rogoff says Donald Trump’s tariff push may appear to be reshaping global trade, but it likely won’t last once other countries learn how to hit back effectively. He ties US economic risks to dollar dominance, sanctions, and unsustainable debt, arguing no single currency can replace the greenback and forecasting slower US growth.
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