Trump encourages companies not to seek tariff refunds

Laura Curtis & Hadriana Lowenkron / Bloomberg04-21

Trump’s comments come a day after US Customs and Border Protection (CBP) launched a web portal for importers to file requests for refunds that could total more than US$160 billion ($203.72 billion). (...

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(April 21): US President Donald Trump said he would remember companies that decline to seek refunds on duties paid after the Supreme Court struck down a large swath of his tariffs. \n“It’s brilliant if they don’t do that,” Trump said on Tuesday on CNBC in response to a question about whether companies such as Amazon.com Inc and Apple Inc should request refunds on duties that have now been deemed unlawful. “If they don’t do that, I will remember them.”\nIn February, the Supreme Court ruled against Trump’s use of the International Emergency Economic Powers Act to impose so-called “reciprocal” tariffs on imports from nearly every country. That ruling set the stage for a complicated task that could become the largest repayment by the US government in its history.\nTrump’s comments come a day after US Customs and Border Protection (CBP) launched a web portal for importers to file requests for refunds that could total more than US$160 billion ($203.72 billion). Yet, the process is still fraught with uncertainty.\nThousands of companies, including Costco Wholesale Corp and FedEx Corp, have separately filed lawsuits in the Court of International Trade in order to preserve their right to a refund should the Trump administration issue a challenge. \nUnited Parcel Service Inc (UPS) said in a statement it would pass refunds to customers who paid tariffs via the courier, but only after the money is received from the government.\n“There is no need for those customers to contact UPS. After we receive the funds from the CBP, we have established a process to issue refunds to the payors,” the company said in a statement.\nFollowing the Supreme Court ruling, Trump immediately imposed a temporary 10% tariff that is set to expire in July and the administration is working to restore that revenue using other tariff authorities.\n“We are doing it a different way. We are going to end up with the same,” Trump said in Tuesday’s interview. “We will end up with bigger numbers, actually, but it’s a little more unwieldy.”\nUploaded by Tham Yek Lee","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2629095612","isCrawlerRequest":true}