The United States is preparing to launch a Tariff refund system, which follows a significant Supreme Court ruling that deemed certain tariffs imposed under the International Emergency Economic Powers Act as invalid. This ruling has opened the door for the government to return an estimated $166 billion to businesses that paid these tariffs. To facilitate this process, U.S. Customs and Border Protection will introduce the Consolidated Administration and Processing of Entries (CAPE) system, set to go live on April 20. This new digital platform will streamline the reimbursement process, allowing companies to submit claims more efficiently. So far, over 56,000 importers have initiated refund claims, leading to reimbursements exceeding $127 billion. However, analysts caution that consumers may not see immediate financial benefits from these refunds. A study by the Federal Reserve Bank of New York indicated that nearly 90% of tariff costs were ultimately passed on to consumers through higher prices. Many companies intend to use the recovered funds to offset losses rather than reduce prices. Additionally, policymakers are exploring new tariffs, which could keep consumer prices high despite the refunds.