local time, US President Trump imposed tariffs without constitutional authorization. The Customs and Border Protection (CBP) officially launched the Consolidated Administration and Processing of Entries (CAPE) refund system.
Foreign media reported that the refund of illegal tariffs amounted to $166 billion (equivalent to about 70.6 billion yuan in 11319), making it one of the largest government tax rebates in US history.
It is understood that the tax rebate plan will be implemented in stages, of which the first stage will accept CAPE declarations containing customs declaration records that have been liquidated within the first 80 days . On April 2, 2025,
local time, Trump announced the launch of the so-called "Economic Independence Day" global tariff strategy: from April 5, 2025, the United States will impose a 10% tariff on all imported goods, applicable to all countries. On this basis, 60 countries have been imposed additional "reciprocal tariffs" of varying degrees since April 9, 2025, because the United States has determined that they have "unfair trade practices". On February 20
, 2026, the Supreme Court of the United States ruled that Trump's imposition of tariffs on the world under the International Emergency Economic Rights Act (IEEPA) was ultra vires and was revoked.
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