Trump tariff refunds begin

U.S. Customs and Border Protection has opened the Consolidated Administration and Processing of Entries (CAPE) system to handle the massive refund process.

The initiative follows a legal defeat for the administration's trade policy, which had imposed broad tariffs on global imports.

While major retailers like Walmart and Target are expected to receive significant payouts, small businesses have reported early technical glitches with the portal.

Economists remain skeptical that these refunds will lead to lower prices for consumers who already bore the costs of the original levies.