Plunging oil prices and a US-Iran deal spark optimism, but analysts caution Chinese firms sanctioned for Iran business may not see immediate relief from existing sanctions.
A judge has ordered the immediate refund of duties, citing "growing inequity" between large and small businesses. Customs and Border Patrol plans to refund tariffs later, having processed $23 billion of an estimated $166 billion collected.
The Trump administration is reportedly resisting a court order to refund $166 billion in tariffs deemed illegal by the Supreme Court. Judge Richard K. Eaton is demanding testimony from CBP Commissioner Rodney S. Scott regarding the refund process.
The US Supreme Court struck down Donald Trump's tariffs, leading to $85bn in refunds for importers, with $20bn already refunded and $65bn pending, impacting businesses like Walmart and Jim Beam, and affecting US households with average $1,000 tax increase in 2025.
East African nations grapple with the economic and environmental impact of the booming second-hand clothing trade, balancing local industry growth with consumer demand and international trade pressures.
A Bangladeshi immigrant running a small import food store in Saitama faces closure due to stricter "Business Manager" visa requirements. New rules demand 30 million yen capital or employing Japanese/permanent residents, posing a significant challenge for small businesses.
Business owners may have to wade through paperwork, but the US government is now actually processing refundsWhen the supreme court struck down Donald Trump’s tariffs, many small importers assumed any refunds would be tied up in bureaucracy for years. Surprisingly, that’s not what’s happening.It’s estimated that roughly 330,000 importers paid more than $166bn in tariff fees imposed by Trump under the International Emergency Economic Powers Act (IEEPA). If your business was affected, here’s good news: you can get your tariffs refunded. You just need to be a little patient. Continue reading...
Business owners may have to wade through paperwork, but the US government is now processing refundsWhen the supreme court struck down Donald Trump’s tariffs, many small importers assumed any refunds would be tied up in bureaucracy for years. Surprisingly, that’s not what’s happening.It’s estimated that roughly 330,000 importers paid more than $166bn in tariff fees imposed by Trump under the International Emergency Economic Powers Act (IEEPA). If your business was affected here’s good news: you can get your tariffs refunded. You just need to be a little patient. Continue reading...
The Court of International Trade has struck down a second round of global tariffs ordered by President Trump, after his earlier import taxes were outlawed by the U.S. Supreme Court. The decision is a victory for importers and a setback for the administration.
The Court of International Trade has struck down a second round of global tariffs ordered by President Trump, after his earlier import taxes were outlawed by the U.S. Supreme Court. The decision is a victory for importers and a setback for the administration.
"Japan cannot express this decisively due to its relations with Saudi Arabia," Keiichi Motohashi said
Rystad Energy said the UAE’s planned withdrawal from OPEC and OPEC+ could benefit Asian oil importers over the long term by increasing supply, although the Strait of Hormuz closure is delaying any immediate price relief.
Analysis warns that the Strait of Hormuz may transition from active conflict to a state of 'managed disruption'—formally open but strategically uncertain. For Asian economies reliant on Gulf oil, this new 'Hormuz disorder' could prove more damaging than outright closure, as commercial confidence weakens, shipping premiums rise, and energy flows become increasingly subject to political coercion. The interruption of US-Iran diplomacy and below-normal maritime traffic despite legal access underscore the shift from whether the strait is open to whether it remains reliable and predictable.
The European Union has tightened traceability requirements for diamonds, obliging importers of polished diamonds to provide a due-diligence statement confirming the gems were not mined, processed or produced in Russia. The relevant legal acts will be published in the EU Official Journal shortly.
When Customs launched the CAPE refund portal, it put administrative certainty behind an asset class that Wall Street had already begun pricing. As of Apr. 9, 56,497 importers had registered for electronic refunds totaling $127 billion, out of roughly $166 billion the government expects to be returned after the Supreme Court ruled in February that […] The post Were tariff refunds bought for 20 cents on the dollar by stablecoin-backed Treasurys custodian Cantor Fitzgerald? appeared first on CryptoSlate.
American businesses are set to receive billions in refunds for unconstitutional tariffs imposed by former President Trump. The US Customs and Border Protection is launching an online portal this week for importers to file claims, with refunds expected within 60-90 days.
The US government launched the CAPE portal for tariff refund requests two months after the Supreme Court ruled President Trump's IEEPA tariffs illegal. Over 330,000 importers paid $166 billion in IEEPA duties as of March 4. Refunds will go to importers and customs brokers, not consumers who paid higher prices. The administration is exploring ways to reduce the total payout, while Trump has already imposed a new 10% tariff under the Trade Act of 1974.
U.S. importers, such as Walmart and Target, could be in line for billions in tariff refunds as the government launches its claims-filing portal on Monday.
The US government has launched a tool to refund over $166 billion in tariffs imposed by former President Trump, following a Supreme Court ruling. Importers can now submit documentation to recover payments, with electronic refunds for approximately $127 billion in duties available initially. The extent of consumer repayment hinges on companies sharing recovered funds.
The Trump administration has launched the largest repayment programme in history, processing refunds of over $160bn in tariffs struck down by the US Supreme Court in February. The CAPE portal opened this week, with over 56,000 importers completing applications worth $127bn. While roughly 330,000 importers can claim refunds plus interest within 60-90 days, individual consumers who faced higher prices have no direct path to compensation and are filing class action lawsuits against companies.
A US Supreme Court ruling invalidating certain tariffs could lead to the largest refund program in history, but many consumers and small businesses worry they won't see their money back as costs were passed on indirectly.
