US customs agency says building system for tariff refunds is 40% to 80% complete - Reuters
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The Bottom Line
US Customs and Border Protection says its tariff refund system is 40% to 80% complete.
How This Affects You
Businesses awaiting refunds for tariffs on Chinese goods may see delayed processing until the system is fully operational.
AI Summary
The U.S. Customs and Border Protection (CBP) agency has stated that the development of its new system for processing tariff refunds is between 40% and 80% complete. This system is designed to handle refunds for tariffs paid on Chinese goods, which were reinstated by the Biden administration. The CBP did not provide a specific completion date for the system. The agency’s progress report follows an earlier commitment to develop a new refund process.
What's Being Done
The U.S. Customs and Border Protection is developing a new system for processing tariff refunds.
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