Trump Tariff Refunds Begin Today: Businesses and Customers Await Details The U.S. government has initiated the process of refunding billions of dollars in tariffs collected under former President Donald Trump’s “America First” policy, which was ruled illegal by the Supreme Court in February. The refunds, totaling approximately $175 billion, are being processed through a new online portal called CAPE (Consolidated Administration and Processing of Entries). This system aims to streamline refund submissions for duties imposed under the International Emergency Economic Powers Act (IEEPA), as mandated by a court order. The move follows a landmark ruling that declared Trump’s tariffs unlawful, prompting the administration to reverse the policy and return funds to affected parties. The CAPE portal is designed to consolidate refund requests for IEEPA-related duties and interest rather than handling each entry individually. However, the exact mechanics of processing returns remain unclear. According to the U.S. Customs and Border Protection (CBP), the initial phase of the refund system will prioritize certain unliquidated entries and those liquidated within 80 days of the deadline. Over 56,000 U.S. importers have registered for refunds as of April 9, but not all applications meet the criteria for immediate processing. CBS reported that around 82% of eligible payments—amounting to $127 billion—will be included in the first phase of the CAPE rollout. The Supreme Court’s February ruling found that Trump had overstepped his authority by imposing tariffs without proper congressional approval, effectively invalidating the policy. This decision has led to a complex process of reimbursing businesses that paid the tariffs, with the CBP tasked with managing the refunds. However, the scope of eligibility remains limited.#supreme_court #costco #cape #us_customs_and_border_protection #flexport
Severe Weather Outbreak Maps Tracker: Radar, Warnings, Storm Reports And More Severe weather is expected to persist through early Thursday morning, with the potential for tornadoes, damaging winds exceeding 75 mph, and large hail impacting parts of the South and East. The National Weather Service has issued warnings for these conditions, emphasizing the need for preparedness. Maps and radar data are available to help track the evolving storm system, which is anticipated to affect the region through midweek. These resources will be updated regularly to reflect the latest developments, so residents are advised to monitor them closely for real-time information. The storm system is driven by significant atmospheric instability, measured by CAPE (Convective Available Potential Energy). Higher CAPE values indicate a greater likelihood of thunderstorm formation, which can lead to severe weather events. Additionally, wind shear—the change in wind speed or direction with height—plays a critical role in the development of severe storms. These factors combine to create conditions favorable for tornadoes and extreme wind events. Meteorologists warn that the situation remains dynamic, with the potential for significant impacts. Residents in affected areas should stay informed through local alerts and follow safety guidelines to protect themselves and their communities.#national_weather_service #storm_system #south #east #cape
