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Billions in Tariff Refunds Set to Begin MondayStarting Monday, importers may claim over $160B in tariff refunds amid complex legal and bureaucratic challenges ahead.
- The U.S. Customs is launching a claims portal enabling importers to request refunds for tariffs invalidated by the Supreme Court.
- Major retailers like Walmart and Target are projected to recover billions in tariff payments according to recent financial analyses.
- Trade experts caution that administrative obstacles and potential legal appeals could delay the refund process significantly.
- Officials are considering reinstating tariffs through alternative legal channels by early July despite the court ruling.
"There's frustration because the Supreme Court already ruled that these tariffs are unlawful," he added.— Matthew Seligman, trade attorney and principal at Grayhawk Law, commenting on the frustration over the Supreme Court ruling that tariffs were unlawful.
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