U.S. Customs and Border Protection (CBP) opened a new online portal for tariff refunds on Monday, April 20, but they're for businesses, not individuals. The agency is slated to begin refunding companies that paid tariffs on imports after the Supreme Court ordered the government to return the funds.

Forbes contributors publish independent expert analyses and insights. Erik Sherman reports on business, economics, finance, tech, and law. Tariffs are a form of taxation on imported goods meant to help control trade between countries and raise government ...

How tariffs work A tariff is a customs duty, or tax, levied on goods and services that are imported or exported. In the past, tariffs were used by countries primarily as a way to bring in revenue for the government. “Tariffs are now typically used to protect domestic industries or as leverage in trade negotiations and disputes,” according to the nonpartisan Congressional Research Service ...

The Better Business Bureau (BBB) is receiving an influx of reports regarding tariff-related scams. Among them: Some unscrupulous sellers fail to send products to customers, then cite tariffs for delays, claiming that shipments are stuck in customs.

One year ago today, during a Rose Garden ceremony at the White House in Washington, US President Donald Trump announced a new 10 percent global tariff as part of a sweeping executive order he dubbed “Liberation Day”. The immediate fallout from his ...

When the U.S. Supreme Court ruled that the administration’s tariffs were unlawful, it resolved a constitutional question. What it did not resolve is how to unwind the economic damage. Gov. JB Pritzker has called for roughly $1,700 per Illinois household ...

(NEXSTAR) – Two new bills have been introduced in Congress that, if passed, could give American taxpayers hundreds or thousands of dollars in so-called “tariff rebates.” Earlier this year, the Supreme Court struck down the bulk of President Trump’s ...