The U.S. government has declined to refund tariffs the Supreme Court ruled illegal last month, the Financial Times reported on Friday, citing people familiar with the matter.
The customs officials are denying companies' requests to recover duties imposed under emergency powers invoked by U.S. President Donald Trump, leaving businesses uncertain and driving more disputes into court, the FT said.
The U.S. government collected more than $130 billion in illegal tariff payments, which were central to Trump's trade policy. The Supreme Court did not provide guidance for issuing refunds, creating confusion over how importers would be reimbursed.
On Wednesday, a U.S. trade court judge ordered the government to begin paying potentially billions of dollars in refunds to importers who paid tariffs.
Many companies have rushed to submit Post Summary Corrections to remove International Emergency Economic Powers Act tariff codes from shipment entries and seek refunds, but U.S. Customs and Border Protection has been rejecting those submissions and suspending protests filed over repayments of IEEPA tariffs that had already been liquidated, the FT said.
Reuters could not immediately verify the report. The White House and CBP did not immediately respond to Reuters' requests for comment.
CMAA enhances trade and security cooperation
View ArticleThe report highlights Africa’s continued growth resilience despite significant headwinds occasioned by escalating geopolitical tensions and ensuing economic shifts
View Article
As the UK marks ten years since the Brexit referendum, the British International Freight Association (BIFA) is highlighting the vital role played by its members in helping businesses adapt to…
View Article
Industry updates and weekly newsletter direct to your inbox!