The U.S. government has now processed about $100 billion in refunds – or more than half of the roughly $166 billion in tariffs collected under the International Emergency Economic Powers Act before the U.S. Supreme Court struck down those duties this February.
The refunds include duties plus interest and have been certified by U.S. Customs and Border Protection before being sent to the Treasury Department for disbursement. According to the government’s July 31 status update:
- CBP’s Consolidated Administration and Processing of Entries online system had received more than 250,000 refund declarations covering more than 25 million import entries.
- Almost $130 billion in potential and certified refunds had been accepted for processing, and about $100 billion had completed the CAPE process.
But the overall process is far from finished. More than 330,000 importers paid IEEPA tariffs on more than 53 million entries, according to CNBC. Refund eligibility may depend on factors such as whether entries are liquidated, whether a company filed suit and which phase of CAPE applies.
Don’t Miss A Thing: SUBSCRIBE To PPAI Newslink
Tariffs continue to anchor the Trump administration’s domestic and foreign policy agenda, however. The administration has imposed several duties under various statutes in recent weeks, including:
- New Section 301 tariffs of 10% or 12.5% on imports from 60 economies based on findings that they do not adequately prohibit the export of goods produced with forced labor.
- An additional 50% tariff on many Canadian imports, including apparel, scheduled to take effect August 19 and does not exempt USMCA-compliant goods, unlike previous tariffs.
Get the latest U.S. tariff updates in PPAI’s new tariff tracker.
The legal fight also continues. The new duties have generated fresh litigation and additional uncertainty for importers and businesses in the global supply chain.
Just hours after the new Section 301 tariffs took effect, the same group that successfully challenged the IEEPA tariffs filed suit against the Trump administration’s new duties, and about 10 days later, a coalition of 25 states also sued over the new tariffs, arguing that “the Administration cannot use forced labor as a pretext to continue its illegal tariff scheme.”
RELATED: PPAI Research: The Tariff Effects, From Refunds To End Buyers And Operations
PPAI will continue to monitor these developments and provide updates. Subscribe to PPAI Newslink to have these delivered straight to your inbox twice a week.