Tag

Ieepa

All articles tagged with #ieepa

legal-news8 days ago•13 min saved

Sony Faces Class Action Over Tariff Windfall on PS5

A California federal class action accuses Sony Interactive Entertainment of retaining a windfall from IEEPA tariffs and seeks refunds from CBP passed to PS5 buyers after a Supreme Court ruling that the tariffs were unlawful. Plaintiffs contend Sony raised PS5 prices by up to $200 between Aug 2025 and Apr 2026 to offset the tariffs, and that the refunds would amount to a double-dip if kept by Sony; the nationwide class covers PS5 buyers from Aug 1, 2025 to present. The suit was filed May 6, 2026 and mirrors a recent Nintendo-related case.

via Kotaku|

#ieepa #legal-news #playstation-5

business25 days 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

business1 month 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

economy1 month ago•5 min saved

Court weighs Trump's global tariffs after Supreme Court setback

A U.S. Court of International Trade hearing in New York is considering overturning President Trump's temporary global tariffs after the Supreme Court ruled IEEPA could not justify them; Trump may rely on Section 122 of the Trade Act of 1974, which would allow up to 15% global tariffs for 150 days with congressional approval, but questions remain about its applicability to trade deficits and the tariffs' July 24 expiration.

via PBS|

#court-of-international-trade #economy #ieepa

politics1 month ago•7 min saved

White House splits on path to 50% Iran-tariffs plan

White House advisers clash over how to implement a threatened 50% tariff on countries that supply weapons to Iran, with Kevin Hassett arguing IEEPA emergency powers could justify action in a state of conflict while Jamieson Greer cautions IEEPA cannot authorize peacetime tariffs and other tools would be needed; the Supreme Court previously limited IEEPA’s tariff authority, leaving the plan legally uncertain and likely to face court challenges as the administration pursues other tariff powers.

via Politico|

#ieepa #politics #supreme-court

business2 months ago•2 min saved

Costco to Rebate Tariff Savings to Members After Tariff Rulings

Costco said it will pass along any tariff refunds it receives to members after Trump-era tariffs were ruled unconstitutional, having already lowered prices where tariffs fell and pursuing refunds of IEEPA-based duties via a federal lawsuit; the company plans to rebalance value for members with refunds reflected through future lower prices once refunds are obtained.

via KIRO 7 News Seattle|

#business #costco #ieepa

law2 months ago•21 min saved

Refund Promises Clash With Scale: IEEPA Tariffs Under Scrutiny

After vowing easy refunds for unlawfully collected IEEPA tariffs, the government faced the Supreme Court ruling and a court-ordered refunds, but CBP now says it cannot deliver refunds at scale, citing ACE software limitations and other logistical hurdles. The controversy hinges on judicial estoppel and massive refund logistics: roughly $166 billion in duties across more than 53 million entries by over 330,000 importers, with around 20 million entries unliquidated; CBP says it would take 45 days to build new functionality to process refunds. Critics say the administration misrepresented the ease of refunds to win injunctions and must follow through with actual delivery.

via Techdirt.|

#cbp #ieepa #judicial-estoppel

policy2 months ago•50 min saved

CBP tech snag delays Trump tariff refunds; 45-day upgrade planned

US Customs and Border Protection says its automated processing system can’t handle the scale of refunds from Trump-era tariffs, delaying billions in rebates even as courts order refunds with interest. The agency notes about $166 billion in IEEPA duties have been collected and that processing the 53.2 million entries would take more than 4.4 million hours with the current ACE system, but it plans a streamlined, importer‑focused system that could be up and running in about 45 days with new filing guidance, amid ongoing lawsuits from Nintendo, FedEx, Costco and others.

via The Verge|

#ace #cbp #ieepa

business2 months ago•2 min saved

Nintendo Fights Trump-Era Tariffs, Demands Refunds With Interest

Nintendo of America has sued the U.S. government (Treasury, Homeland Security and Customs) over 2025 tariffs imposed under IEEPA, seeking refunds with interest for duties it paid. The move follows a Supreme Court ruling that the tariffs were illegal and a New York judge signaling refunds may be due, and comes as the tariffs raised Switch prices and delayed pre-orders for the Switch 2.

via Nintendo Life|

#business #ieepa #nintendo

business2 months ago•3 min saved

Nintendo sues over tariffs blamed for Switch 2 pre-order delays

Nintendo has filed a lawsuit in the U.S. Court of International Trade seeking refunds with interest for tariffs imposed under the IEEPA that it says were unlawfully charged, after the Supreme Court struck down those tariffs. The suit names the United States and multiple agencies and officials and argues Nintendo was harmed by the tariffs during Switch 2 pre-orders, requesting prompt reimbursement of duties paid plus attorney fees. The action is part of a broader wave of challenges to the Trump-era tariffs from various companies.

via Mashable|

#business #court-of-international-trade #ieepa

business2 months ago•4 min saved

Nintendo pursues US tariff refunds in major lawsuit

Nintendo has filed suit in the U.S. Court of International Trade to overturn tariffs imposed by the Trump administration and later deemed unconstitutional by the Supreme Court, seeking refunds (with interest) of more than $200 billion in duties paid on imports, and naming several federal agencies and officials as defendants.

via Eurogamer|

#business #court-of-international-trade #ieepa

gaming2 months ago•36 min saved

Nintendo takes on the US government, seeks tariffs refunds after Trump-era measures

Nintendo of America is suing the U.S. government in the Court of International Trade to recover duties paid under Trump-era tariffs, seeking a prompt refund with interest after the Supreme Court ruled the use of IEEPA to levy reciprocal tariffs illegal; refunds guidance remains unclear, and the move comes as Nintendo adjusted Switch 2 pricing due to tariffs (a development echoed by FedEx pursuing refunds).

via The Verge|

#gaming #ieepa #nintendo

business2 months ago•1 min saved

Tariff Refunds Delayed as Courts and CBP Grapple with Massive Payouts

A court reversed an order to immediately start Trump-era tariff refunds after a Supreme Court ruling found most of the tariffs unlawful. CBP says handling an unprecedented refund volume—about $165 billion—will require manual processing and new system functionality not ready for 45 days. The dispute centers on fast payouts versus administrative burden, as tariff entries liquidate and clawbacks become more complex.

via Axios|

#business #cbp #court-of-international-trade

business2 months ago•3 min saved

CBP eyes tech upgrade to restart refunds on Trump-era tariffs

CBP told a federal court it cannot immediately refund reciprocal tariffs imposed under the International Emergency Economic Powers Act after the Supreme Court ruled them illegal, citing limitations in its current technology and processes. The agency plans to roll out new functionality in its Automated Commercial Environment within about 45 days to handle refunds on an importer basis (rather than 54 million separate refunds), potentially starting by late April. The move affects roughly $166 billion in duties collected, with hundreds of thousands of importers and millions of entries involved, and follows Judge Eaton’s order to calculate costs and issue refunds.

via CNBC|

#ace #business #cbp

business2 months ago•2 min saved

Courts push rapid rollout of Trump-era tariff refunds

The Court of International Trade ordered U.S. officials to begin processing refunds for Trump-era IEEPA tariffs, covering unliquidated entries and potentially about $175 billion owed to importers; Costco said it would pass refunds to customers through lower prices. The administration is pushing for delays and is likely to appeal, while the court scheduled a Friday hearing to detail how refunds will be executed, amid millions of entries affected and ongoing questions about the process.

via Axios|

#business #court-of-international-trade #customs-and-border-protection