{"id":510674,"date":"2026-03-08T06:43:17","date_gmt":"2026-03-08T06:43:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/510674\/"},"modified":"2026-03-08T06:43:17","modified_gmt":"2026-03-08T06:43:17","slug":"plan-emerges-for-166-billion-in-tariff-refunds-but-dont-hold-your-breath-3","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/510674\/","title":{"rendered":"Plan emerges for $166 billion in tariff refunds. But don\u2019t hold your breath"},"content":{"rendered":"<p>    <img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/03\/eb596eb9fe45c503a6b59c8ef7fed1c6.jpeg\" alt=\"The Ocean Network Express container vessel, originally from Japan, floats on the Savannah River on February 12, 2026, in Savannah, Georgia. - Al Drago\/Getty Images\" loading=\"eager\" height=\"540\" width=\"960\" class=\"yf-lglytj  loaded\"\/> The Ocean Network Express container vessel, originally from Japan, floats on the Savannah River on February 12, 2026, in Savannah, Georgia. &#8211; Al Drago\/Getty Images      <\/p>\n<p class=\"yf-1fy9kyt\">A system to process at least $166 billion in tariff refunds could be up and running in 45 days. That\u2019s the alternative to a manual process that could take 4 million hours, according to a senior US Customs and Border Protection executive.<\/p>\n<p class=\"yf-1fy9kyt\">However, it\u2019s still anyone\u2019s guess as to when the more than 330,000 US importers who paid the levies as part of President Donald Trump\u2019s aggressive trade agenda will see those funds.<\/p>\n<p class=\"yf-1fy9kyt\">Last month the Supreme Court <a href=\"https:\/\/www.cnn.com\/2026\/02\/20\/politics\/supreme-court-tariffs?cid=external-feeds_iluminar_yahoo\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:struck down;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">struck down<\/a> the bulk of the sweeping global tariffs Trump enacted. In a court filing on Friday, Brandon Lord, executive director of Trade Policy and Programs at CBP, said the agency is \u201cmaking all possible efforts\u201d to have a new automated process requiring \u201cminimal submission from importers\u201d ready in 45 days.<\/p>\n<p class=\"yf-1fy9kyt\">The updates are necessary to manage the \u201cunprecedented volume of refunds\u201d CBP was ordered to process by a Court of International Trade judge this week.<\/p>\n<p class=\"yf-1fy9kyt\">Nintendo, Costco, Fedex and thousands of other businesses sued the government in an effort to get tariff refunds, but that may not now be necessary. Instead, under the new system, importers would file declarations listing all the instances they paid the now-invalidated duties, Lord said. The government would verify that information to calculate the potential refund for importers.<\/p>\n<p class=\"yf-1fy9kyt\">\u201cCBP will provide guidance on how to file to refund declarations in the new system,\u201d Lord said.<\/p>\n<p class=\"yf-1fy9kyt\">\u201cThis looks to be a very positive development for importers,\u201d Matt McGill, a trade attorney and partner at King &amp; Spalding told CNN Friday.<\/p>\n<p class=\"yf-1fy9kyt\">In the 13-page court filing Friday, Lord didn\u2019t offer any estimations for when importers could actually see tariff payments returned if they follow all the steps he laid out.<\/p>\n<p class=\"yf-1fy9kyt\">Prior to Friday\u2019s filing, the Trump administration had not detailed how it would process these refunds. It often said it would defer to the lower courts since the Supreme Court verdict did not offer any guidance on the issue.<\/p>\n<p class=\"yf-1fy9kyt\">Immediately following the ruling, Trump told reporters he believed that it would need to be litigated \u201cfor the next two years\u201d and that it could take five years for refunds to be processed.<\/p>\n<p class=\"yf-1fy9kyt\">For more CNN news and newsletters create an account at <a href=\"http:\/\/www.cnn.com\/account\/register?source=external-feeds_iluminar&amp;cid=external-feeds_iluminar_yahoo&amp;registration_email_campaign=https:\/\/www.cnn.com\/newsletters\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:CNN.com;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">CNN.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The Ocean Network Express container vessel, originally from Japan, floats on the Savannah River on February 12, 2026,&hellip;\n","protected":false},"author":2,"featured_media":510675,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[6479,231632,28,155394,101,681,942,108886,32431,15304],"class_list":["post-510674","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-tariff","tag-brandon-lord","tag-business","tag-customs-and-border-protection","tag-economy","tag-georgia","tag-president-donald-trump","tag-refunds","tag-savannah","tag-supreme-court"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/510674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=510674"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/510674\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/510675"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=510674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=510674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=510674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}