The U.S. government on June 2 appealed a March 4 U.S. Court of International
Trade ruling that Customs and Border Protection may not liquidate tariffs under
the International Emergency Economic Powers Act, a decision that requires
refunds of tariffs collected under the Trump administration and could affect the
ongoing refund process. CBP says more than 330,000 importers prepaid or paid
roughly $166bn in those tariffs as of March 4; as of May 22 it had received
refund claims totaling about $85bn and asked the Treasury to return roughly
$20.6bn.
