After a February Supreme Court ruling, the U.S. Court of International Trade in New York and CBP are overseeing billions in refunds to importers and brokers through the CAPE system launched on 20 April.
The refunds cover approved tariffs imposed under the International Emergency Powers Act, not direct payments to individuals, despite online claims of a $2,000 stimulus-style cheque.
FedEx and UPS say they plan to pass refunded charges to customers, while lawmakers including Representative Henry Cuellar have proposed household rebates up to $2,040, but none has won congressional or IRS approval.
How can shippers and retailers return billions in tariff refunds to the millions of customers who paid more?
Billions in tariff refunds are going to companies. Will American families see a direct rebate for higher prices?
With courts striking down presidential tariffs, what does this signal for the future of U.S. trade policy?