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A federal judge has ordered the U.S. Customs and Border Protection to begin issuing refunds, with interest, for tariffs imposed under former President Donald Trump’s trade policies that the Supreme Court recently ruled unlawful. The tariffs, collected under the International Emergency Economic Powers Act (IEEPA), affected billions of dollars in imported goods, and the judge directed Customs to finalize the value of these goods without applying the illegal tariffs. This ruling aims to streamline what could involve millions of import entries, ensuring importers—from multinational corporations to small businesses—receive refunds without filing individual claims. With interest accruing on overpaid duties, the total reimbursements could reach hundreds of billions, marking an unprecedented effort in U.S. trade law to reverse a major tariff program.
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