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-0.00165975103734436 -8.29875518670265E-06 -1.65975103734053E-05 0.00666390041493771 0.00248962655601654 0.00165145228215766 0.00331950207468873 0.00248962655601654
Stock impact report

Ford to receive $1.3 billion government refund for Trump's IEEPA tariffs [Yahoo! Finance]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: Yahoo! Finance
Ford Motor said on Wednesday it expects to collect $1.3 billion in U.S. government refunds for tariffs illegally imposed by the Trump administration. The Detroit automaker raised its annual guidance by $500 million, citing the projected one-time tariff boost. In February, the Supreme Court struck down tariffs President Trump authorized last year under the International Emergency Economic Powers Act, or IEEPA. The federal government on April 20 launched a system — the Consolidated Administration and Processing of Entries, or CAPE, portal — that allows importers to submit claims for refunds of IEEPA tariffs. Initially, businesses can only submit claims for tariffs that were estimated and that could still be amended, as well as those that had only recently been finalized by U.S. Customs and Border Patrol (CBP) officials. The agency has rejected roughly 15% of refund requests since CAPE launched earlier this month, likely due to clerical errors, according to legal experts. CBP ha Show less Read more
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