Tariff refund plans take shape as Trump administration outlines a 4-step process

[groundloop]

Source: Yahoo Finance

The Trump administration this week outlined a four-step tariff refund process that could be ready for companies to begin using by later this spring.

The plans were included in a court filing to the US Court of International Trade from Brandon Lord, the executive director of the US Customs and Border Protection's trade policy department.

The four steps — a claim portal, a "mass processing" step, a review of refund findings, and a final step where "the refunds will be sent electronically to the designated bank account" — are currently being built, with the components 40% to 80% complete, Lord said.

The name of the system will be the Consolidated Administration and Processing of Entries (CAPE) portal. In the six-page filing, Lord expressed hope that the web-based platform will be able to process most refund requests in this "first phase of development" before more functionality is later added for more complicated scenarios.

Read more: https://www.yahoo.com/finance/news/tariff-refund-plans-take-shape-as-trump-administration-outlines-a-4-step-process-164834675.html

[Deuxcents]

1. In other words..don't hold your breath while they obtain all your personal information..if ya have any left

[slightlv]

6. Well we have none left thanks to doge...

But this portal is for refunds... and those are going to companies... not we who actually paid the taxes. Anyone wanna bet when companies begin slashing profits once they get their refunds? /snark

[UpInArms]

2. Hmmm

So companies get their refunds, but individuals get nothing and those costs were added into the price that people paid for the products

When do the people get their money back?

[Lovie777]

3. And we paid for the tariffs' taxes.................

it's like when tic tok gave shithole and comrades $10 billion.

[MichMan]

4. There will be a myriad of lawsuits

Lawyers are going to make a killing

[imaginary girl]

5. And companies like Cantor Fitzgerald already bought the rights to a number of small company's refunds!

They got them for 10 - 20 percent of what they'll receive.