Section 122

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.

The Court of International Trade expressed skepticism toward President Trump's use of Section 122 of the Trade Act of 1974 to justify global tariffs, questioning whether trade deficits qualify as 'balance of payments deficits' under the law. Legal challenges persist as the administration faces potential blockage of its tariff policies, with courts and attorneys general debating the scope of presidential emergency powers.