Trump Tariff Refund Portal Is Now Live — Who All Qualify For Claims Worth $166B?

• The launch of the portal 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.

The Trump administration’s tariff refund portal is now live, allowing businesses to request refunds for duties they paid after a U.S. Supreme Court order in February this year found that these levies were unconstitutional.

The CAPE portal, set up by U.S. Customs and Border Protection, will allow businesses and their brokers to file refund claims starting Monday at 8 a.m. ET.

“CAPE is designed to consolidate refunds of IEEPA duties including interest rather than processing refunds on an entry-by-entry basis,” the CBP stated in its announcement.

The launch of the portal 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.

Tariff Refunds Amount To About $166B

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.

The portal allows companies and brokers to file claims for tariff refunds, requiring them to submit declarations for entries under which they are claiming refunds.

Once the CBP validates these claims, it will recalculate the duties payable for importing the goods without the tariffs and determine the balance due for refund to the claimants.

The agency stated that valid refunds will be issued within 60 to 90 days of its acceptance of a claim.

In a reaction to the Supreme Court’s decision in February this year, President Trump reportedly called it a “disgrace.” 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.

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 importers have so far completed registration, according to CBP.

Meanwhile, U.S. equities declined in Monday’s opening trade. At the time of writing, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 index, was down 0.46%; the Invesco QQQ Trust ETF (QQQ) fell 0.73%; and the SPDR Dow Jones Industrial Average ETF Trust (DIA) declined 0.22%. Retail sentiment on Stocktwits regarding the S&P 500 ETF was in the ‘extremely bullish’ territory.

Also See: Trump Warns ‘Lots Of Bombs’ Will Start Going Off If Iran Ceasefire Expires, Reveals What He Wants From Iranian Negotiators

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