U.S. Customs Could Begin Issuing Tariff Refunds This Week

Current estimates indicate the federal government could be forced to return more than $150 billion to importers.

NASHVILLE, TENN. (RFD NEWS) — After months of legal back and forth, including a Supreme Court battle, tariff refunds could begin going out this week.

More than 75,000 businesses had reportedly applied for refunds as of last month after the Supreme Court struck down the president’s use of emergency tariffs.

The White House says it plans to appeal the ruling.

U.S. Customs told the Court of International Trade it was targeting this week to begin issuing payments. Current estimates indicate the federal government could be forced to return more than $150 billion to importers.

Related Stories
With U.S. cattle supplies already tight, drought response remains a long-term supply issue.
Several counties are reviewing disaster declarations. Crop insurance may help growers cover some costs.
According to OPIS, the city is preparing for a projected Level 1 Water Emergency tied to a prolonged five-year drought.
RealAg Radio host Shaun Haney says producers should continue to watch tariff negotiations, market access, and the possibility of a more transactional trade relationship with China.
RFD News Farm Legal Expert Roger McEowen discussed red flags landowners should watch for during property transactions.
ASFMRA’s Howard Halderman says several economic and policy issues are continuing to influence the farmland market.

Marion is a digital content manager for RFD News and FarmHER + RanchHER. She started working for Rural Media Group in May 2022, bringing a decade of digital experience in broadcast media and some cooking experience to the team.

LATEST STORIES BY THIS AUTHOR:

Janie ventures to the desert in Prescott, Arizona for cattle branding at the 7UP ranch with Penny Kasun & Dani Jeanne Lawrence.
Janie camps out on the historic YP Ranch with the operation’s matriarch, RanchHER Renee Jackson, her family, and a talented crew of cowboys as they wrap up part of branding season on their remote and expansive operation located on the state line of Nevada and Idaho.
Janie camps out at the remote State Line of Nevada & Idaho with Renee Jackson, wrapping up branding season at the historic YP ranch.