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Monday, April 20, 2026
The Trump administration on Monday launched a new system to begin refunding $166 billion in tariffs to U.S. importers after the Supreme Court ruled the levies unlawful earlier this year. The system, known as CAPE, will allow U.S. Customs and Border Protection to issue consolidated electronic payments to importers, streamlining what would otherwise be a complex, entry-by-entry refund process. "It's essentially a fast track for processing refunds," said Reed Smith partner Michael Lowell, adding that importers will need to file claims, but the process should be straightforward. "Customs is estimating that refunds will be processed within 60 to 90 days after submission," he added. "If importers file as soon as the system opens, refunds could begin flowing by mid-June to mid-July." The rollout marks the first phase of the refund effort, meaning not all importers or tariff categories will be eligible right away. |
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