US to launch tariff refund system on April 20

President Donald Trump's administration plans to launch next Monday the system it will use for issuing refunds to American importers for $166 billion the companies paid in tariffs that the US Supreme Court struck down in February as unlawful. US Customs and Border Protection said in a court filing on Tuesday that it has completed the development of the initial phase of the refund system, known as CAPE. The system will consolidate refunds so importers will ⁠receive one electronic payment, with in

By The Korea Herald