00:00It's Benzinga bringing Wall Street to Main Street.
00:03The U.S. Customs and Border Protection will launch an online portal on Monday
00:06for importers to claim refunds on tariffs that the Supreme Court ruled Trump imposed
00:11without constitutional authority, according to CNBC. Businesses must submit declarations
00:16detailing eligible goods and approved claims will be refunded within 60 to 90 days.
00:21The agency will process claims in phases, starting with more recent payments.
00:25About 330,000 importers paid $166 billion in tariffs across 53 million shipments.
00:33The number of importers who have registered reached 56,497 for $127 billion in potential refunds.
00:41Some companies may pass refunds to customers,
00:44while firms like FedEx said they plan to return refunds once received.
00:48For all things money, visit Benzinga.com.
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