US tariff refund system to be ready in 45 days, after Trump duties struck down

AI Summary
Following the Supreme Court's ruling against President Trump's tariffs, the US Customs and Border Protection (CBP) is developing a system to refund approximately $166 billion in tariff payments to around 330,000 importers. A CBP official stated in a court filing that the new refund process will be ready within 45 days and require minimal input from importers. The US Court of International Trade is overseeing the refund process, with Judge Richard Eaton initially ordering immediate compliance but later amending the order to allow CBP time to implement the new system. The court is working with government lawyers to establish a broad settlement process for the refunds after the tariffs were deemed unconstitutional. The goal is to create an efficient and accessible system for importers to reclaim the tariff payments.
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