A massive refund process tied to overturned tariffs is set to begin Monday, potentially returning millions of dollars to Charlotte-area businesses and some consumers.
U.S. Customs and Border Protection announced it will launch an online system at 8 a.m. Monday allowing importers to claim refunds on tariffs that were later ruled unconstitutional.
The move follows a 6-3 ruling by the U.S. Supreme Court that found former President Donald Trump exceeded his authority when imposing broad import taxes under emergency powers.
The tariffs were originally enacted under the International Emergency Economic Powers Act (IEEPA), which allows presidents to act during national emergencies but does not grant independent tax-setting authority.
Under the new system, businesses that paid those tariffs can submit claims through CBP’s electronic portal by listing affected goods and shipments. Approved claims are expected to be refunded within 60 to 90 days.
Federal data shows the scale of the issue is enormous. More than 330,000 importers paid about $166 billion in tariffs across 53 million shipments.
However, the rollout will be phased. Initial refunds will focus on recent or not fully finalized tariff payments, meaning many claims could take longer to process.
Local advisory firm Carolina Trade Advisors says it has begun working with businesses to evaluate eligibility and organize documentation as the process gets underway.
Businesses interested in learning more about the refund program or assessing their potential eligibility can explore additional information at carolinatradeadvisors.com.
