Here's when businesses will start getting refunds for Trump's IEEPA tariffs

MoneyWatch Here's when businesses will start getting refunds for Trump's IEEPA tariffs .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Megan Cerullo Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio Megan Cerullo May 1, 2026 / 1:33 PM EDT / CBS News Add CBS News on Google Businesses that applied for refunds of President Trump's "liberation day" tariffs, which the Supreme Court struck down in February, are getting some clarity on when they will receive their money. The Trump administration is expected to issue the first tariff refunds as early as May 11, according to court documents filed this week. The White House is estimated to have collected $166 billion in duties that it now owes back to importers. The federal government on April 20 launched a portal where businesses could file refund requests for Mr. Trump's International Emergency Economic Powers Act, or IEEPA, tariffs. Called CAPE, or the Consolidated Administration and Processing of Entries tool, the portal briefly crashed when a large number of businesses visited the site after its debut.The portal has since been working as intended for most businesses, with some legal experts praising how quickly the U.S. government created the refund mechanism.U.S. Court of International Trade Judge Richard Eaton, who oversees the tariff refund process, said in a filing Tuesday that the first tranche of refunds could land in businesses' bank accounts around May 11.Judge Eaton said that U.S. Customs and Border Protection has accepted roughly 21% of IEEPA duty refund requests. Of those, 3% are already in the "refund stage of the process," Eaton said. The first refunds, which will come from the U.S. Treasury Department, will arrive as ea...