Securities Regulation Daily Wrap Up, VITAL BRIEFING—Claimants begin tariff refund process; $166 billion at stake, (Apr 24, 2026)
While Customs and Border Protection indicated its new payment system will handle about two-thirds of valid refund claims, the agency has yet to explain how it plans to address the remaining one-third of the claims.
In this edition of Tariff Insights, Thomas Thompson takes a look at the recent launch of Customs and Border Protection’s (CBP’s) Consolidated Administration and Processing of Entries system which seeks to provide recompense to claimants improperly levied tariffs on imports under the International Economic Emergency Powers Act (IEEPA) that were subsequently invalidated by the U.S. Supreme Court. Some of the developments Thompson delves into include:
The relative ease of asserting a claim under the CPB’s system as described by Chicago-based Learning Resources, one of the named plaintiffs in last year’s lawsuit challenging the Trump administration’s global tariffs regime that made its way to the Supreme Court.
Despite a smooth launch of the tariff refund system, concerns of some claimants that the Trump administration will still attempt to block the return of the funds though further appeals or other government intervention.
The Trump administration’s apparent willingness and desire to reassert a comprehensive tariff regime under Section 301 Trade Act of 1974, as evidenced by the government’s initiation of trade practice investigations, is a prerequisite for imposing import levies under this statute.
To read the article, click Claimants begin tariff refund process; $166 billion at stake.
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