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Tariff Refunds
- Importers can begin filing claims today for more than $160B in invalidated IEEPA tariffs through CBP’s new CAPE portal, with refunds expected within 60–90 days, though the initial phase is limited to recent or unliquidated entries and is expected to face heavy system demand and operational friction.
- The refund process will require significant documentation and coordination across finance, supply chain, and customs teams, with companies needing to validate entries, reconcile payments, and prepare for audit scrutiny as CBP reviews claims at scale.
- While the refunds represent a major cash opportunity, the ruling does not signal the end of tariffs, as the administration is already pursuing alternative mechanisms (Sections 232, 301, and others), ensuring continued trade policy volatility.
Direct Effects of Iran War & Fuel Crisis
Ocean Carriers & Trade Flows
Truckload & Intermodal
Air Cargo
Parcel Shipping