IEEPA Tariff Refunds Are Far from Ideal—and Could Get Farther

Scott Lincicome, Alfredo Carrillo Obregon, and Chad Smitson

With Monday’s launch of the Trump administration’s new tariff refund system, the process of returning more than $166 billion in illegally collected “emergency” import taxes has entered a new stage. Unfortunately, the system’s design is less than ideal and risks leaving thousands of American companies with much less than they’re legally owed. This blog post summarizes the refund system just unveiled by the US Customs and Border...