Cape system goes live to refund over $166B in tariffs after Supreme Court ruling

1 min read
Source: The Guardian
Cape system goes live to refund over $166B in tariffs after Supreme Court ruling
Photo: The Guardian
TL;DR Summary

The Trump administration has begun accepting refunds for more than $166 billion in tariffs through a new Cape digital claims system, months after the Supreme Court ruled the president lacked authority to impose them. The initial phase can process about 63% of affected imports, with funds expected in 60–90 days. More than 3,000 companies, including Skechers, Revlon, Toyota, Nintendo of America, FedEx, and Costco, have sued for refunds. Only those who paid the tariffs are eligible, not ordinary consumers; FedEx may pass refunds to customers and Costco has floated possible price cuts. In Phase 1, refunds apply to entries unliquidated or liquidated in the last 80 days; cases tied up in disputes remain ineligible.

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