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Stock impact report

Tariff refund system launches. How TN businesses can request a refund [USA TODAY]

FedEx Corporation (FDX) 
Last fedex corporation earnings: 3/17 04:03 pm Check Earnings Report
US:NYSE Investor Relations: fedex.com/us/investorrelations
Company Research Source: USA TODAY
The Consolidated Administration and Processing of Entries, or CAPE, aims to streamline the refund process so importers will receive only one electronic payment instead of the CBP processing refunds on an entry-by-entry basis, states its website Following the Supreme Court's February ruling that President Donald Trump did not have the authority to impose the tariffs, a U.S. trade court judge ordered refunds for importers who paid $166 billion in tariffs, reported Reuters Here is everything Tennesseans and Tennessee business owners need to know about the system. How does the system and its refund process work? In early 2025, Trump used the International Emergency Economic Powers Act (IEEPA) to impose tariffs on nearly all goods imported into the states, USA TODAY reported The CAPE refund system means importers who paid tariffs under IEEPA may now be eligible for reimbursement. For importers to receive a refund, they must submit a CAPE Declaration through the agency's Automate Show less Read more
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