American companies that paid a specific amount of tariffs following an order from Donald Trump will be able request a refund starting this April 20after the US Supreme Court indicated that the president’s decision was unconstitutional.
According to information from international media and the US Customs and Border Protection Office (CBP), the companies, importers and different entities that paid tariffs They will be able to request refunds from 8:00 a.m.
CBP is in charge of managing the tariff refund system and, according to The Vanguardthis process It could mean the first step towards even consumers being able to request a refund in the future.
Although companies can begin requesting refunds for tariff payments, CBP will be in charge of making the decision to approve or not the applications.
So that companies can request reimbursement, They must register in the CBP electronic payment system.
They must then submit declarations detailed information of the goods for which they paid said tariffs.
Media such as Univision point out that the Application process could take between 60 and 90 days.
They also claim that the United States government will prosecute Repayments in phases, giving priority to the most recent payments.
The US authorities plan to return an initial amount of approximately US$127 billion.
More than 3 thousand companies, including the giants Costco and FedExhave already sued the Republican Administration to ensure these refunds. Several of these processes began before the Court’s ruling.
In a clear 6-3 majority, the Supreme Court decided that Trump did not have peacetime powers to invoke the IEEPA. The president harshly criticized the Supreme Court ruling and imposed a new tariff temporary global 10% under a new legal framework.
Also read: A year of US tariffs: what changed and what remains pending for Guatemala