On Thursday, a panel of federal judges on the Court of International Trade voted that President Trump’s 10% tariffs on most US imports are illegal.
In a 2-1 vote, the court sided with a group of small businesses that argued that the law sidestepped the Supreme Court’s January ruling that struck down Trump’s blanket tariffs imposed under the International Emergency Economic Powers Act. Following that decision, the White House announced the 10% tariffs using Section 122 of the Trade Act of 1974.
Amid the fallout from that SCOTUS decision, the US government launched its tariff refund portal on Monday, a major development for US importers seeking clarity on the refund process since the Supreme Court struck down President Trump’s blanket tariffs earlier this year.
Refund checks are not expected until this summer. The government has estimated that the claims review process could take 45 days, with checks processed 60 to 90 days after that. More than 25,000 importers, including Costco (COST) and FedEx (FDX), have requested refunds.
