The Economic Times

Trump tariff refund checks begin disbursing this week who qualifies and why are millions excluded from payouts?

Trump tariff refunds begin disbursing this week after the Supreme Court voided IEEPA-based tariffs, leaving the U.S. government liable for over $166 billion. The CBP's CAPE portal has already received 126,237 applications. Some $35.46 billion in refunds is finalized. Only importers of record and customs brokers qualify not individual consumers. Around 300,000 companies, including Walmart and Nike, are eligible. A few firms, like Costco and FedEx, plan to pass savings to customers. The refund process marks one of the largest customs reimbursements in U.S. history.