U.S. Customs and Border Protection (CBP) has launched the first phase of its electronic refund system to return $166 billion in tariffs ruled unconstitutional by the Supreme Court. The duties, imposed under the International Emergency Economic Powers Act, were struck down in February. While over 56,000 importers have already filed claims totaling $127 billion, smaller firms face greater administrative challenges than larger corporations. These small businesses often lack the margins to absorb such costs or manage complex recovery processes. Read the full story at Fortune (subscription).
Source · Fortune
