US firms dash to recover tariffs paid on Chinese imports as refund system launches
For Tim Avanzato and the team at Lanca Sales, Monday marked the start of a high-stakes digital scramble to recover tariffs paid after US President Donald Trump imposed steep duties on almost all imports, including from China, last year.
While the New Jersey-based company that imports and exports food packaging has become accustomed to operating under tariffs and adjusting its business around them, Avanzato, who handles global trade and logistics at the firm, said the refund process has...
US launches $166bn tariff refund system
- The lucky few who can apply for tariff refunds Vox —
- $166 billion in tariff refunds just became available, but small businesses may already be at a disadvantage Fortune —
- UPS refunding customers that spent money on tariffs NBC News —
- Companies are getting tariff refunds. Will you see lower prices? USA Today —
- Small business owners queue up for tariff refunds NPR —