US launches $166B tariff refunds

Major retailers such as Walmart and Target are expected to be among the primary beneficiaries of the refund system, which covers over 53 million shipments.

While the portal's launch saw some initial technical glitches, Customs and Border Protection officials expect to process billions in electronic refunds within the coming months.

However, economists suggest that consumers may see limited direct benefits, as many companies have already absorbed the costs.

The refund process represents a significant reversal of a central pillar of the administration's trade policy.