r/Tariffs

After receiving a gold bar and & another gift from Rolex (valued well over $130k), trump slashed tariff rates on Switzerland.

They’re not even trying to hide the corruption anymore.

https://www.independent.co.uk/news/world/americas/us-politics/trump-rolex-swiss-tariffs-ron-wyden-b2910260.html

https://es-003.com/rev603-doesnt-match-bank

ES-022 lists refund amount and interest amount as separate columns. Treasury can wire them in separate ACH transmissions, sometimes a few days apart.

If your deposit matches the principal but not the principal-plus-interest total, the interest is in flight, not lost.

Per 19 CFR § 24.36, interest accrues from deposit date to refund date at the IRS quarterly rate. CSMS #68340863 confirms this applies to CAPE.

Quick check: duty × current IRS quarterly rate, prorated by days from deposit to refund. Should land within a few dollars of what ES-022 shows.

If the second ACH still doesn't show after a week, check REV-603 - a "Funds Diverted" status means it's a § 24.72 offset, not a timing gap.

been sitting with this for a few days and the situation a lot of importers are in right now is genuinely strange

CAPE refunds are moving CBP TREAS deposits hitting accounts for duties that were ruled unlawful

but Section 122 replacement tariffs are still being collected on most importers while the Federal Circuit appeal plays out so the same businesses getting money back on one side are still writing new checks on the other

the part that feels underexplored is what this actually looks like operationally refund amounts that don't always match expectations landing at the same time as new duty obligations are still running in the background

it's not a clean picture and most of the conversation around CAPE has been focused on whether refunds are hitting, not on how businesses are supposed to reconcile both sides of this simultaneously

also worth flagging CBP's next court progress report drops May 26, first real update on refund volumes since May 12

how are people actually handling this treating the two tracks completely separately or trying to build a consolidated view across both?"

Anyone know when we can expect the check for the Trump tariff refunds? I heard we are all getting $2,000. I need the money now cause my truck now costs $100 to fill and my new Trump phone is coming! I heard the phone is old and out of date and worth $136 and I paid $499. Definitely need some money back.

I opened my first dispute 11 months ago and have heard nothing back except that it will take 90-180 days to process. Just opened 3 more disputes this week. As best I can tell this is an issue with Fedex not CBP, because no other carriers are applying tariffs to shipments with the same HTS code.