Starting Monday at 8 a.m., U.S. Customs and Border Protection will open an online portal for businesses to claim refunds on tariffs previously struck down by the Supreme Court. In a 6-3 decision on February 20, the court ruled that President Donald Trump lacked the constitutional authority to set the import tax rates last April. Importers must submit declarations for the billions of dollars paid; however, the agency estimates a 60-to-90-day wait for disbursements after approval. The process will begin with recent payments. Read the full story at Fortune (subscription).
Source · Fortune
