Customs and Border Protection can't comply with order
CNBC • • general
Key Points:
- U.S. Customs and Border Protection (CBP) informed a Court of International Trade judge that it cannot immediately comply with an order to refund tariffs imposed under President Trump's administration, citing limitations in its technology and manpower.
- CBP estimates that approximately $166 billion in tariffs has been collected under the International Emergency Economic Powers Act (IEEPA), with over 330,000 importers involved in more than 53 million entries.
- The agency plans to update its Automated Commercial Environment (ACE) system to streamline refund processing, aiming to implement the new functionality within 45 days to reduce manual work and expedite refunds.
- Judge Richard Eaton ordered CBP to calculate costs without tariffs and refund importers with interest, but CBP highlighted the unprecedented volume of
