CBP Launches Phase 2 of Tariff Refund Rollout, Importers Await Phase 3 for Bulk of Paybacks

Regulation
โดย WWD·Read original
Summary · why it matters

Customs and Border Protection has completed Phase 2 of its CAPE refund platform rollout, now covering duties awaiting final tariff reconciliation. The upgrade remains limited to unliquidated entries and those liquidated within 80 days of the declaration filing date. Importers are eagerly awaiting Phase 3, which CBP says will process refunds on finally liquidated entries representing about $11.4 billion, or 6.9 percent, of all IEEPA payments. CBP Executive Assistant Commissioner Susan Thomas indicated those capabilities could come online in late July, and once Phase 3 is complete, about 95 percent of IEEPA-hit entries will be eligible for refunds. Major companies like FedEx, which received $800 million in refunds, and UPS, which remitted over $5 billion, have pledged to pass refunds to customers, while Nike reported a 407 percent earnings increase partly due to projected IEEPA refund recovery.

Impact on stocks 3

Industrials▲ · 2 stocks
FedEx Corporation
FDX
▲ PositiveCapitalrelevance

FedEx received $800 million in refunds and pledged to pass them to customers, improving its financial position.

United Parcel Service Inc
UPS
▲ PositiveCapitalrelevance

UPS remitted over $5 billion and pledged to pass refunds to customers, benefiting from the refund process.

Consumer Discretionary▲ · 1 stocks
Nike Inc
NKE
▲ PositiveCapitalrelevance

Nike reported a 407% earnings increase partly due to projected IEEPA refund recovery.

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