US customs agency, trade judge to seek path to final tariff refunds

The Korea Times

US customs agency, trade judge to seek path to final tariff refunds

NEW YORK — Officials from the U.S. Customs and Border Protection agency head to a federal trade court on Tuesday to try to find a way to refund tens of billions of dollars of tariffs that were collected and later deemed illegal by the Supreme Court. Judge Richard Eaton of the Court of International Trade in Manhattan has framed the hearing as a negotiating session to sort out what needs to be done to return the remaining chunk of the $166 billion in illegal tariffs. "All of the substantive law in this case has either been decided by the Supreme Court, or is the subject of settled law," Eaton wrote in a letter that appeared on the court docket on June 3. "All that remains are, what might be termed, settlement negotiations." The CBP has said that it has accepted and started processing claims for nearly $90 billion in refunds of what it estimates could be up to $127 billion in so-called Phase 1 refunds, which are the least-complicated cases. The CBP said in a June 4 court filing that $22 billion in refunds have been completed and sent to the Treasury Department for distribution to importe

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