Trump Says Supreme Court's Tariff Decision Was A 'Slap In The Face' To US As $166B Refund Process Begins

• President Trump also called the Supreme Court’s tariff decision “unexplainable,” adding that it handed over billions to people who have been ripping off the U.S. for years.
• He also said that one sentence would have prevented this record-setting payment.
• Meanwhile, the U.S. Customs and Border Protection’s CAPE Portal is now live, allowing businesses and their brokers to file claims for refunds if they paid tariffs under the International Emergency Economic Powers Act.

President Donald Trump on Wednesday criticized the Supreme Court’s decision on tariffs, calling it a “travesty.”

“Their Tariff decision was an unnecessary and expensive slap in the face to the U.S.A., and a giant victory for its opponents,” President Trump stated in a post on Truth Social.

He also criticized the Supreme Court justices appointed by Republican presidents, saying that they give Democrats one win after another, while citing the tariff ruling as one of those decisions.

This comes as the tariff refund portal went live on Monday, allowing businesses to request refunds for duties they paid.

Trump Says Tariff Decision ‘Unexplainable’

President Trump also called the Supreme Court’s tariff decision “unexplainable,” adding that it handed over billions to people who have been ripping off the U.S. for years. He also said that one sentence would have prevented this record-setting payment from being made.

President Trump earlier called the Supreme Court ruling a “disgrace” in February this year. Subsequently, he announced a global 10% levy, then raised it to 15%. The new 15% global tariffs can be in place for 150 days before requiring Congressional approval.

Trump Tariff Refund Portal Now Live

The CAPE portal, set up by U.S. Customs and Border Protection, allows businesses and their brokers to file refund claims. This is part of a four-step process that was outlined in March this year by Brandon Lord, the executive director of CBP’s trade policy department.

These steps include launching the CAPE portal for filing claims, implementing a processing system, reviewing refund findings, and, lastly, processing refunds electronically to the claimant’s bank account.

CBP’s court filings show that more than 330,000 importers paid about $166 billion in tariffs on more than 53 million shipments. Companies will have to submit their claims on the CAPE portal.

Who Qualifies For Trump Tariff Refunds?

According to the CBP, companies that paid tariffs under the International Emergency Economic Powers Act (IEEPA) are eligible for refunds under the program.

Additionally, brokers who paid tariffs under IEEPA on behalf of importers are also eligible for refunds.

However, consumers who bought these goods are not eligible for refunds.

Businesses will have to register for the CPB’s electronic payment system to file claims. While over 330,000 importers paid tariffs, only 56,497 have completed registration so far, according to CBP.

Meanwhile, U.S. equities gained in Wednesday’s opening trade. At the time of writing, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 index, was up 0.77%; the Invesco QQQ Trust ETF (QQQ) rose 0.91%; and the SPDR Dow Jones Industrial Average ETF Trust (DIA) gained 0.9%. Retail sentiment on Stocktwits regarding the S&P 500 ETF was in the ‘extremely bullish’ territory.

Also See: Kevin Warsh Did An 'Outstanding' Job At Senate Hearing, Says Bill Hagerty: ‘He Was Asked Some Very Disrespectful Questions’

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