Refunds
ID 84252672 © Marian Vejcik | Dreamstime.com

In a nutshell: CBP’s court-ordered progress report on its brand-new IEEPA refund engine makes for uncomfortable reading. This is a follow-up to our previous coverage this week, titled: CBP in court – a refund system ’held together with duct tape’.

The US government owes importers roughly $166 billion in unlawfully collected tariff duties. It has admitted, under oath, that the technology required to pay them back does not yet exist. And the component responsible for actually recalculating what’s owed?

Forty percent complete.

That ...

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