Tag

Cape

All articles tagged with #cape

business18 days ago•17 min saved

Illinois Seeks Direct Consumer Tariff Refunds as U.S. Reimburses $100B

The Trump-era tariffs have refunded about $100 billion so far—roughly 60% of what the government says is owed—with the CAPE portal processing over 252,000 refund declarations and total refunds expected around $166 billion. Refunds have gone to importers (Nike and Amazon among the largest), while shoppers have borne most of the cost through higher prices; estimates place average household tariff payments around $1,000 to $2,000. Illinois Gov. JB Pritzker has urged direct consumer payments and backed a Tariff Relief for Consumers Act to require rebates to shoppers as tariff-related litigation continues.

via WWD|

#business #cape #consumers

politics20 days ago•2 min saved

Trump-era tariffs get a $100B refund after court voids 2025 IEEPA duties

The Trump administration has refunded about $100 billion of IEEPA-based tariffs collected in 2025 after the Supreme Court ruled the levies unauthorized, accounting for roughly 60% of the $166 billion initially collected. Refunds are being processed through CBP’s CAPE system, with more than 252,000 refund declarations covering over 25 million import entries already in hand, while the effort faces ongoing legal challenges and the administration looks to re-create tariff authorities via other means.

via CNBC|

#cape #ieepa #politics

technology2 months ago•8 min saved

Minecraft Movie Build Challenge: Create in a 16x16x32 Space for a Screen Appearance

Minecraft launches a Movie Build Challenge inviting players 16+ to craft a 16x16x32 build inside one of four biomes (plains, taiga, badlands, or frozen ocean) using a fixed block set, with the winner’s build potentially featured in A Minecraft Movie Squared and a private screening if selected. Submissions run May 30–June 8, 2026 via gleam.io, followed by internal judging and public voting July 2–5, with the winner announced around July 6. Separately, all players can earn a Builder Cape by watching Minecraft creators on TikTok or Twitch during May 30–June 14 and redeeming by June 30. Rules prohibit Nether/End blocks, redstone, signs, banners, maps, and hostile mobs; builds must stay inside the 16x16x32 area and be eligible for a possible in-film exterior appearance.} {

via Minecraft|

#build-challenge #cape #contest

business3 months ago•15 min saved

Tariff Refunds: A Slow, Unequal Recovery After the Court Ruling

The Supreme Court invalidated roughly $166 billion in IEEPA tariffs, but refunds are far from automatic. The CAPE system requires about 330,000 importers to file detailed, entry-by-entry claims, with many entries excluded and refunds potentially delayed 60–90 days per importer. Large firms and Wall Street buyers may win, while small importers, nonprofits, and taxpayers shoulder higher costs and delayed relief; consumer refunds are unlikely. The process risks ongoing uncertainty as the government weighs appeals, and total interest on overdue refunds could amount to several billions. In short, the refunds are likely to be slower, smaller, and more uneven than advocates hoped, underscoring the policy’s chaotic legacy.

via The Dispatch|

#business #cape #ieepa

politics4 months ago•18 min saved

Tariff refunds begin via CAPE portal, but only direct tariff payers qualify

The Trump administration launched CAPE, a tariff-refund portal to return more than $166 billion in tariffs after many were struck down by the Supreme Court; refunds are limited to entities that paid tariffs directly to the U.S. government, meaning most consumers who faced higher prices won’t qualify. The move follows a court ruling to advance the refund process, and Trump continues to pursue tariffs under other authorities despite the limited refunds.

via vox.com|

#cape #politics #tariff-refunds

business4 months ago•5 min saved

Tariff refund portal stumbles at launch as glitches slow claims for thousands

At launch, CBP’s CAPE tariff-refund portal faced outages and heavy traffic, delaying claims from importers such as Learning Resources and Busy Baby; the agency says it’s investigating the issues while processing eligible IEEPA refunds, with most refunds expected within 60–90 days of approval (though timings can vary), as businesses weigh the impact of tariffs on pricing and growth.

via CBS News|

#business #cape #cbp

business4 months ago•304 min saved

US tariff refunds begin via CAPE portal in phased rollout

Two months after the Supreme Court struck down President Trump’s tariffs, the U.S. kicks off a phased process to reimburse importers—about $166 billion plus interest—through the CBP’s Consolidated Administration and Processing of Entries (CAPE) portal. In the first phase, only importers of record (or their brokers) with eligible tariff payments can apply, and refunds are expected within 60–90 days after approval, though longer if additional reviews are needed or if the administration takes steps to shrink refunds.

via CNN|

#business #cape #cbp

politics4 months ago•6 min saved

US opens online portal to start refunding billions in tariffs

The Trump administration has launched an online portal via US Customs and Border Protection to begin refunding about $166 billion in tariffs invalidated by the Supreme Court, covering more than 53 million shipments from roughly 330,000 importers. Refunds should be issued within 60–90 days after CBP approves each claim, and the process could eventually reach consumers; more than 3,000 businesses, including FedEx and Costco, have pursued refunds through lawsuits.

via The Guardian|

#cape #cbp #importers

business4 months ago•1 min saved

US to launch centralized tariff refunds via CAPE on April 20

The Trump-era tariff refunds program will roll out with CAPE, a centralized system that will issue electronic refunds for roughly $166 billion in tariffs the Supreme Court ruled unlawful under the IEEPA. CBP says the initial phase will consolidate refunds into a single payment with interest rather than processing by entry. As of April 9, about 56,497 importers had completed the process for roughly $127 billion in refunds; rollout will be phased, with consideration given to handling a subset of entries tied to $2.9 billion in tariffs manually to avoid overburdening trade operations. The refunds follow litigation in the Court of International Trade, and some smaller importers have warned the cost may exceed benefits.

via NBC News|

#business #cape #importers

investing5 months ago•24 min saved

Markets Brace for a Possible Lost Decade as Bubble-Era Valuations Return

Valuations are stretched, nearing levels seen at the March 2000 burst, and Hulbert cites a CAPE-based model that once forecast a negative real-return decade (S&P 500 about -7% annually, Nasdaq-100 about -10%). With today’s high valuations and AI hype, the coming decade could deliver subpar gains despite a prolonged bull run, reminding investors that 'this time is different' arguments often precede a disappointing stretch.

via MarketWatch|

#cape #dot-com-bubble #investing

markets6 months ago•3 min saved

Bond Spreads Reach Dot-Com Levels and CAPE Signal S&P Slump Ahead

Wary signals are flashing: credit spreads on investment-grade bonds have narrowed to about 71 basis points—the tightest since 1998—raising the risk of a bond sell-off if economic conditions worsen, while the stock market's CAPE ratio sits at 40.1 in January 2026, the highest since the dot-com era. If history repeats, the S&P 500 could fall roughly 3% in 1 year, 19% in 2 years, and 30% in 3 years, with little chance of a positive return; though AI-driven earnings could mute the move, the current setup favors caution: trim risk, and limit stock purchases to high-conviction ideas.

via The Motley Fool|

#bonds #cape #markets