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Trump Says He’ll Remember Companies Skipping $166B Tariff Refund Portal

4/24/2026

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Summary

Story summary

President Donald Trump told CNBC he will “remember” any U.S. company that does not apply for a tariff refund, calling it “brilliant.”
CBP opened the CAPE (Consolidated Administration and Processing of Entries) portal on April 20 to accept $166 billion in refunds from 330,000 importers, with approvals in 60-90 days.
Economists expect firms to keep refunds, though Costco, FedEx, UPS and DHL plan to pass them to customers after CBP processing.

History

Historical Context

In 2020, the U.S. Customs and Border Protection introduced the CAPE portal to manage $166 billion in tariff refunds for 330,000 importers, including major companies like Costco and FedEx. This initiative reflects a shift in corporate responsibility amid President Trump's focus on trade policy, highlighting the significant impact of tariffs on U.S. businesses and consumer prices, shaping future economic interactions.

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Story summary

President Donald Trump told CNBC he will “remember” any U.S. company that does not apply for a tariff refund, calling it “brilliant.”
CBP opened the CAPE (Consolidated Administration and Processing of Entries) portal on April 20 to accept $166 billion in refunds from 330,000 importers, with approvals in 60-90 days.
Economists expect firms to keep refunds, though Costco, FedEx, UPS and DHL plan to pass them to customers after CBP processing.

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