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Companies scramble for tariff refunds as US prepares to launch claim process

A CBP spokesman said they created a system that will "efficiently process refunds, pursuant to court order, for importers and brokers who paid" the duties.

File Photo / Reuters

Jay Foreman said he's "locked and loaded" for the U.S. government's launch on Monday of a new system to refund up to $166 billion in illegally collected tariffs, but he and many other importers are realistic that much could still go wrong.

"You have to be worried about what they could possibly do to jam things up," said the CEO of toymaker Basic Fun, which sells Tonka trucks, Care Bears and K'Nex construction toys. 

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