US Customs and Border Protection to Disburse $20.6 Billion in Tariff Refunds
The US Customs and Border Protection (CBP) is processing approximately $20.6 billion in tariff refunds to importers who filed claims via a new web portal. This follows a correction to an earlier report that overstated refund amounts by about $10 billion, reducing the previously cited $35.5 billion to around $25 billion. The error was due to a data query mistake, not processing faults. As of May 22, about $85 billion in potential and certified refunds have been accepted for processing under the Consolidated Administration and Processing of Entries (CAPE) program.