Trump administration set to launch tariff refund portal. Here's what to know.

TL;DR

A new online portal, CAPE, will allow businesses to apply for refunds of tariffs declared illegal by the Supreme Court.
The portal opens on April 20, and eligible businesses, including importers of record and customs brokers, can submit claims.
Refunds are not automatic; businesses must opt-in, and claims will be processed by U.S. Customs and Border Protection (CBP).
Initially, only "unliquidated tariffs" and those finalized by CBP within the past 80 days are eligible for refunds.
CBP estimates refunds will be issued within 60 to 90 days of claim approval, but errors could cause delays.
Some financial firms are offering to buy tariff refund claims from businesses seeking immediate cash.
Legal experts and trade attorneys express concerns about the administrative burden on importers and potential system glitches.

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