US Processes $100 Billion in Tariff Refunds

In August 2026, the United States processed tariff refunds worth about USD 100 billion after the US Supreme Court struck down tariffs imposed under President Donald Trump’s “Liberation Day” trade measures, ruling that they were not authorised under the International Emergency Economic Powers Act (IEEPA).

Key Points

Reason: The refunds followed the US Supreme Court’s decision invalidating tariffs imposed under the International Emergency Economic Powers Act (IEEPA).
Court Ruling: The Supreme Court held that the IEEPA does not authorise the US President to impose broad import tariffs.
Refund System: CBP developed the Consolidated Administration and Processing of Entries (CAPE) system within the Automated Commercial Environment (ACE) platform to calculate and process refunds.
Processing Status: By 31st July 2026, over 252,000 CAPE declarations had been submitted, with more than 178,000 passing validation.