Overview
- A Court of International Trade judge ordered U.S. Customs and Border Protection to begin refunding IEEPA tariffs to all importers of record after last month’s Supreme Court ruling.
- In a Friday filing, CBP reported roughly $166 billion in IEEPA duties and deposits and said it cannot immediately comply because of technology and staffing limits, citing more than 53 million entries to review.
- CBP said it is developing a consolidated, importer‑level refund process and indicated it could be ready within weeks, rather than issuing tens of millions of entry‑specific payments.
- After the IEEPA tariffs were struck down, the White House imposed a 10% global tariff under Section 122 for up to 150 days, and officials have indicated the rate may rise to 15%.
- A coalition of 24 states filed suit to block the Section 122 tariffs and seek refunds of any payments, as more than 2,000 company lawsuits—featuring firms such as FedEx, Costco and Nintendo—advance and analysts flag mounting interest costs.