Supreme Court Says 'No More' But Customs Ain't Listening
Mama always said 'Life is like a box of chocolates you never know what you're gonna get.' Well this tariff situation is like a whole dang box of mysteries. Even though the Supreme Court done said that President Trump's tariffs were a no go seems like U.S. Customs didn't get the memo. They're still collecting those duties like they're going out of style. It's like me trying to catch a bullet ain't gonna happen but they're sure giving it a shot.
Red Tape Runaround The Customs Tango
The U.S. Customs and Border Protection or CBP they're saying they gotta update their Cargo System Management Service. Sounds fancy right? But it just means they need to change their computer system to stop charging those tariffs. It's like trying to teach a dog to play ping pong takes time and a whole lot of patience. And according to what CNBC is saying Customs told them this is the latest update for importers for now. Lori Mullins from Rogers & Brown Custom Brokers she told folks that they still gotta report them IEEPA tariff codes. It is all so confusing isn't it? Maybe we should just go shrimp fishing instead. Speaking of things that are confusing have you read our article about Mortgage Market Freeze A Winter's Storm Chilling Effect? Now that's something else entirely.
Show Me the Money Or Maybe Not Yet
So here's the deal. Apparently there were around 211,000 containers of goods worth a whopping $8.2 billion that showed up in U.S. ports between Friday and Sunday. That's a whole lotta shrimp I mean stuff. Importers they got 10 days to pay those tariffs. But here's the kicker they can change their minds up until day 9. It's like deciding whether to run Forrest run or stay put. Then after that you gotta pay up and ask for a refund later. Talk about a bureaucratic boondoggle.
Wait and See The Refund Riddle
Michael Lowell from Reed Smith he says Customs will probably take some time to fix their system. So importers gotta file the paperwork with the tariff on it and then later they gotta ask for a refund. It's like mowing the lawn twice once to cut it and then again to make sure you didn't miss a spot. And these "corrections" he says can take up to 30 days to process. 'Life is like a box of chocolates you never know how long it will take to get your money back,' as Mama Gump would say.
The Court of International Trade The Refund Frontier
Now here's where it gets real interesting. The Supreme Court didn't say nothing about those refunds. That's up to the U.S. Court of International Trade or CIT to decide. Ben Bidwell from CH Robinson he says this is the first time a tariff has been declared unconstitutional with this much money at stake. So nobody knows if they'll hand out refunds to everyone some companies or nobody at all. It's like trying to predict the weather you just never know what's gonna happen. As transportation and fulfillment services giant Kuehne + Nagel are saying it could be years before the high claims volumes could be processed.
What's Next Keep Your Documents Handy
Kuehne + Nagel are telling folks to keep all their customs documents in order just in case the CIT decides to give out refunds. But they're also warning that it could take years to get your money back. So it's like waiting for the bus you might be there a while. But hey at least you got a good story to tell while you wait. And that's all I have to say about that. I think I'll go run now.
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