Importers still paying Trump's tariffs after Supreme Court ruling
CNBC • • nation
Key Points:
- Despite the Supreme Court ruling that President Trump's reciprocal tariffs under the IEEPA are illegal, U.S. Customs and Border Protection (CBP) has not yet updated its system to remove these duties, so importers continue to pay them.
- CBP is reviewing the ruling's implications and has promised to provide technical guidance for importers using the Automated Commercial Environment (ACE) system, but no immediate changes have been implemented.
- Importers have a 10-day window to pay tariffs, and many are expected to file post-summary corrections to remove the tariffs once CBP updates its system, though this process could take several weeks due to the volume of corrections.
- The Supreme Court ruling did not address refunds, leaving uncertainty about whether
