Michael Lowell

The Trump administration launched a $166 billion tariff refund portal called CAPE to reimburse U.S. importers after the Supreme Court ruled the tariffs unlawful. The system streamlines refunds, with estimates of 60-90 days processing time, though not all importers will be eligible immediately. The administration has also imposed new tariffs under Section 122 despite ongoing legal challenges.

The Trump administration launched a $166 billion tariff refund portal called CAPE following a Supreme Court ruling that deemed the tariffs unlawful. The system aims to streamline refunds for importers, with payments expected within 60-90 days. Despite the refunds, the administration continues to use tariffs under new legal authority, facing ongoing legal challenges.