Quote:
The tariff fallout that’s been hanging over the auto industry is about to reverse course, at least in part. The automotive industry, like so many others, has been hit with billions of dollars in tariffs under the Trump administration, driving price increases across the market. Now, after courts ruled the President lacked the authority to impose them in the first place, a system to issue refunds will open next week.
President Trump long maintained thattariffs function as a tax on foreign countries, not importers or consumers. With US Customs and Border Protection preparing to roll out its new Consolidated Administration and Processing of Entries (CAPE) system, that claim is quietly being undercut, as importers will now be refunded for tariffs they paid. The administration will also be required to return those funds with interest.
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https://www.carscoops.com/2026/04/tr...ariff-refunds/
A quick reminder, Tariffman lied about who would pay the IEEPA tariffs while also being dead fucking wrong about their legality and impact.
As refunds are set to begin going out next week to importers, remember that those importers aren't just due the refund... they're also due interest.
