US Trade Court Orders Trump Administration To Start IEEPA Tariff Refund Process

The U.S. Court of International Trade in New York has ordered the government to refund potentially billions in tariffs to importers, stating that these tariffs were unlawfully collected.
Judge Richard Eaton issued the directive on Wednesday on the lawsuit that was initiated by Atmus Filtration Technologies (NYSE:ATMUS) , which argued it had paid around $11 million in illegal tariffs.
The case filed by Atmus Filtration is one among nearly 2,000 lodged with the trade court, all demanding tariff refunds under the International Emergency Economic Powers Act (IEEPA).
Judge Eaton ordered the Customs and Border Protection (CBP) to calculate the cost of importing millions of shipments into the U.S. without imposing a tariff. He further directed that the refunds be made with interest. “Customs knows how to do this,” Judge Eaton said during the court hearing.
A hearing has been scheduled for Friday to receive updates on CBP’s refund plans. CBP had earlier said that determining entry costs without applying tariffs was