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World News Today, International News Headlines | The HinduBusinessLine

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First refunds of Trump tariffs to start as early as May 1...
2026-05-05 · via World News Today, International News Headlines | The HinduBusinessLine
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SENSEX   77,014.26

 -255.14

NIFTY   24,052.60

 -66.70

NIFTY   24,052.60

 -66.70

CRUDEOIL   9,981.00

 -76.00

CRUDEOIL   9,981.00

 -76.00

GOLD   149,540.00

+ 201.00

In a Court of ⁠International Trade order last week, the agency was expected ‌to start refunds around May 11

The US Customs and Border Protection (CBP) ​agency said on Monday ‌it now estimates the first ​electronic refunds from ⁠U.S. President Donald Trump's tariffs deemed illegal by the Supreme ‌Court will start as soon as May 12, ‌a day later ‌than ⁠an earlier estimate.

* The ⁠estimated start date for Automated Clearing House (ACH) payments was disclosed ​in a ‌message to shippers announcing the availability of status reports that allow claimants to monitor ‌the processing status ​of their refunds.

* In a Court of ⁠International Trade order last week, the agency was expected ‌to start refunds around May 11. No reason was given for the date change.

* Up to $166 billion of CBP collections ‌from Trump's tariffs imposed under the ​International Emergency Economic Powers Act are subject to ⁠CBP refunds. The Supreme Court ⁠ruled that Trump overstepped his authority in ‌using the 1977 sanctions law to impose tariffs.

Published on May 5, 2026

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