US preparing system to process refunds on billions in illegal Trump tariffs

Top official at customs agency says total sum held in relation to tariffs is estimated to be about $166bnThe US customs agency is preparing a system that will be ​ready to process refunds on billions of dollars of illegally ‌collected tariffs in 45 days without requiring importers to sue, a court has been told.Brandon Lord, a top official at US Customs and Border Protection (CBP), said in a filing to the US court of international trade on Friday that the total sum held in relation to such tariffs was estimated to be “approximately $166bn”. Continue reading…