04/24/2026
American consumers paid an estimated $91 billion of the $166 billion in IEEPA tariffs struck down by the Supreme Court in February. They have zero legal standing to file for a refund.
Only the 330,000 Importers of Record can file through the CAPE portal that opened this week. Hedge funds that bought claim rights at 20–30 cents on the dollar last year will collect at 100.
The structural math of who paid versus who gets paid back is shown below..