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First Trump tariff refunds expected about May 11
The federal government is expecting to issue the first refunds of President Trump’s invalidated tariffs on or about May 11, according to new court documents. U.S. Court of International Trade Judge Richard Eaton, who oversees the process, revealed the timeline following a closed hearing Wednesday. Customs and Border Protection (CBP) has been working for weeks to refund $166 billion in Trump’s tariffs, plus interest, that the Supreme Court nullified in its blockbuster 6-3 decision in February. The refunds will go to the companies that imported the goods, not consumers, though companies including FedEx and UPS have ... (full story)