Overview
- U.S. Court of International Trade Judge Richard Eaton affirmed importers’ right to refunds with interest, ordered a status report by March 12, and set an April 20 processing deadline.
- Immediate mass payouts are paused while CBP develops an ACE-based importer declaration system it says could be operational in about 45 days for tens of millions of entries.
- Interest on unpaid refunds is accruing at roughly $650 million per month, with CBP reporting about $166 billion collected under the invalidated IEEPA tariffs.
- A coalition of 24 states filed suit at the trade court challenging new Section 122 tariffs set at 10% with a possible increase to 15%, arguing the law does not authorize such broad measures.
- Companies including Nintendo, Lenovo, Dyson, Whoop, Wyze, Epson and Costco have sued for refunds, and a separate government request for a 90‑day delay was denied on appeal, according to legal filings.