- Al Drago/Getty ImagesA system to process at least $166 billion in tariff refunds could be up and running in 45 days. Nintendo, Costco, Fedex and thousands of other businesses sued the government in an effort to get tariff refunds, but that may not now be necessary. Instead, under the new system, importers would file declarations listing all the instances they paid the now-invalidated duties, Lord said. “CBP will provide guidance on how to file to refund declarations in the new system,” Lord said. Prior to Friday’s filing, the Trump administration had not detailed how it would process these refunds.

Source: CNN March 06, 2026 22:55 UTC