WIRE 🔴 CRITICAL: Gov’t appeal deadline JUNE 7, 2026 — Troutman Pepper Locke • stay risk on all unpaid refunds◆ 📈 PRNewswire May 21: Cato Corp (NYSE:CATO) Q1 profit triples to $9.3M — “significantly benefited from IEEPA refund claim”◆ 💵 CBS News May 12: Sarah Wells receives $10,000 ACH refund at 7am — first confirmed IEEPA payment from China container◆ 📊 CBP May 11 CIT filing: $35.46B principal + interest • 126,237 declarations • 15.1M entries accepted • 8.3M liquidated◆ ⚖️ SCOTUS 6-3 Feb 20: Learning Resources v. Trump — IEEPA tariffs unconstitutional • $166B+ refundable◆ 💸 Interest accruing at $650M/month under 19 U.S.C. § 1505 — every day of delay grows your refund◆ 🎣 USTR Apr 30: Vietnam named Priority Foreign Country — Section 301 investigation opens • new tariffs expected post-July 24◆ 📋 PRNewswire May 4: 117 Partners LLC (Savannah GA) — actively buying IEEPA claims • $1B+ in closed distressed transactions◆ ⚠️ PRNewswire Apr 21: Gaia Dynamics — 30% filing error rate • CAPE submissions may trigger CBP compliance audits◆ 🏛️ PRNewswire Apr 9: Stout — 330,000 eligible importers • 53M entries • fewer than 27,000 have taken first step to collect◆ 🇪🇺 Mar 26: EU Parliament approves U.S.-EU trade deal — 15% tariff on EU goods (down from 30%)◆ 🌎 Country refund rates: Vietnam 46% • Cambodia 49% • Thailand 36% • Taiwan 32% • S. Korea 25% • EU 20%◆ WIRE 🔴 CRITICAL: Gov’t appeal deadline JUNE 7, 2026 — Troutman Pepper Locke • stay risk on all unpaid refunds◆ 📈 PRNewswire May 21: Cato Corp (NYSE:CATO) Q1 profit triples to $9.3M — “significantly benefited from IEEPA refund claim”◆ 💵 CBS News May 12: Sarah Wells receives $10,000 ACH refund at 7am — first confirmed IEEPA payment from China container◆ 📊 CBP May 11 CIT filing: $35.46B principal + interest • 126,237 declarations • 15.1M entries accepted • 8.3M liquidated◆ ⚖️ SCOTUS 6-3 Feb 20: Learning Resources v. Trump — IEEPA tariffs unconstitutional • $166B+ refundable◆ 💸 Interest accruing at $650M/month under 19 U.S.C. § 1505 — every day of delay grows your refund◆ 🎣 USTR Apr 30: Vietnam named Priority Foreign Country — Section 301 investigation opens • new tariffs expected post-July 24◆ 📋 PRNewswire May 4: 117 Partners LLC (Savannah GA) — actively buying IEEPA claims • $1B+ in closed distressed transactions◆ ⚠️ PRNewswire Apr 21: Gaia Dynamics — 30% filing error rate • CAPE submissions may trigger CBP compliance audits◆ 🏛️ PRNewswire Apr 9: Stout — 330,000 eligible importers • 53M entries • fewer than 27,000 have taken first step to collect◆ 🇪🇺 Mar 26: EU Parliament approves U.S.-EU trade deal — 15% tariff on EU goods (down from 30%)◆ 🌎 Country refund rates: Vietnam 46% • Cambodia 49% • Thailand 36% • Taiwan 32% • S. Korea 25% • EU 20%◆
🚨 June 7, 2026 — Countdown Active
Government Appeal Deadline: Exact Date Confirmed Troutman Pepper Locke confirms the U.S. government has until June 7, 2026 to appeal the CIT nationwide refund order. A successful appeal could stay all remaining payments mid-stream.
✅ Payments Flowing — ACH Active
$35.46B Processing — Phase 1 Refunds Hitting Accounts Treasury ACH payments confirmed since May 12. CBP filed May 26 progress report with CIT. 8.3M entries liquidated. 56,497 importers enrolled for electronic refunds.
⚠️ $650M/Month — Interest Clock Running
Every Day of Delay Increases Your Refund Under 19 U.S.C. § 1505, CBP owes interest on late refunds — estimated at $650 million per month industry-wide. File early, collect more.
Live • Refunds Flowing • June 7 Deadline

Recover Your
IEEPA Tariff Refunds
Before June 7

The Supreme Court ruled IEEPA tariffs unconstitutional on February 20, 2026. $35.46 billion is processing now — but the government has until June 7, 2026 to appeal and potentially freeze all remaining payments. Interest accrues at $650 million per month. TariffIQ™ identifies your eligible entries and gets your CAPE declaration filed fast.

Get Free Eligibility Screening CAPE Filing Guide →
📞 (404) 882-5839  •  Mon–Fri 9am–6pm ET  •  No obligation
$35.46B
Processing Now
330K
Eligible Importers
~27K
Filed So Far
June 7
Appeal Deadline
Alex Monroe - AI Trade Analyst, The Tariff Bureau
Alex Monroe
AI Trade Analyst • TariffIQ™
Online
Hello — I’m Alex Monroe. The government’s appeal deadline is June 7, 2026. If it appeals and wins a stay, your refund gets frozen mid-stream.

Tell me your import volume or country of origin and I’ll estimate your refund + interest right now.

AI-powered analysis • Not legal or brokerage advice • Learn more

Wire Intelligence • PR Newswire & EIN Presswire • Updated May 2026

Latest National & International Updates

Live intelligence from the wire services — curated for U.S. importers navigating the IEEPA refund landscape.

PRNewswire • NYSE: CATO
💰 Real Earnings Impact • May 21, 2026
Cato Corporation Q1 Profit Triples — Directly Credits IEEPA Refund Claim
Charlotte, NC retailer Cato Corp (NYSE: CATO) reported Q1 net income of $9.3M vs. $3.3M a year ago. Management explicitly stated results “significantly benefited from the refund claim of IEEPA tariffs.” EPS: $0.47 vs. $0.17.
May 21, 2026 • PRNewswire • Charlotte, NC
Troutman Pepper Locke
🚨 Exact Deadline • June 7, 2026
Government Appeal Deadline Confirmed: June 7, 2026 — Stay Risk Is Real
Troutman Pepper Locke confirms the U.S. government has until June 7, 2026 to appeal the CIT nationwide refund order. A successful appeal could result in a stay that freezes all remaining payments.
May 2026 • Troutman Pepper Locke
CBS News
✅ First Confirmed Payment • May 12
“I Got the Money” — $10,000 ACH Refund Hits Account at 7am, May 12
CBS News confirmed the first real-world IEEPA refund: importer Sarah Wells received $10,000 at 7am on May 12 — covering the 20% tariff plus interest on one container from China. She expects a second $10,000 payment for additional entries.
May 12, 2026 • CBS News
EINPresswire • Aldero Partners
EINPresswire • March 23, 2026
Aldero Partners (NYC) Launches Dual-Track IEEPA Recovery — Interest Accruing $650M/Month
New York-based Aldero Partners launched contingency-based recovery and outright claim acquisition. Under 19 U.S.C. § 1505, CBP owes interest at the IRS underpayment rate — estimated at ~$650 million per month industry-wide.
March 23, 2026 • EINPresswire • New York, NY
PRNewswire • 117 Partners
Claims Market • May 4, 2026
117 Partners (Savannah, GA) — $1B+ Closed — Buying IEEPA Claims for Immediate Cash
Savannah, GA-based 117 Partners LLC announced it is the most active acquirer of IEEPA refund claims, having closed over $1 billion in distressed transactions. A secondary claims market is actively forming nationwide.
May 4, 2026 • PRNewswire • Savannah, GA
U.S. Senate • Sidley Austin
Legislation • S.3905
Tariff Refund Act of 2026 (S.3905) — Mandates 180-Day Refund Window, Prioritizes Small Business
Senate bill S.3905 would require CBP to refund all IEEPA duties within 180 days, with interest, and create a priority queue for small businesses — independent of CIT litigation and the June 7 appeal risk.
May 2026 • U.S. Senate / Sidley Austin LLP
PRNewswire • Gaia Dynamics
⚠️ Compliance Alert • April 21, 2026
30% Error Rate in IEEPA Filings — CAPE Submissions Triggering CBP Compliance Audits
Gaia Dynamics found a 30% discrepancy rate across 300,000+ IEEPA entry line items. CAPE submissions reopen historical entries to CBP scrutiny. CBP has declared 2026 “The Year of the Audit.”
April 21, 2026 • PRNewswire • San Francisco, CA
PRNewswire • Stout
National Advisory • April 9, 2026
Stout: 330,000 Eligible Importers — Only 27,000 Have Taken the First Step
Global advisory firm Stout reports 330,000 eligible importers across 53 million entries may be owed refunds. As of April 9, fewer than 27,000 had acted. Companies that move quickly are better positioned in the processing queue.
April 9, 2026 • PRNewswire • Chicago, IL
USTR • HFA / PRNewswire
⚠️ Emerging Tariff Risk • Post-July 24
Vietnam Named Priority Foreign Country — Section 301 Investigation Launched
USTR’s Special 301 Report (April 30, 2026) designated Vietnam as a “Priority Foreign Country.” Refund rates: Vietnam 46%, Cambodia 49%, Thailand 36%, Taiwan 32%. File NOW before post-July 24 replacement tariffs complicate calculations.
May 6, 2026 • USTR / HFA Advisory
European Parliament • RVIA
International • March 26, 2026
EU Parliament Approves U.S.-EU Trade Deal — 15% Tariff on EU Goods Replacing 30% IEEPA Rate
On March 26, 2026, the EU Parliament voted to approve a U.S.-EU reciprocal trade agreement setting a 15% tariff on most EU goods (down from 30%). EU importers who paid the 20% IEEPA rate in 2025 remain fully eligible for IEEPA refunds.
March 26, 2026 • European Parliament / RVIA
PRNewswire • Project44
Supply Chain • Jan 13, 2026
Project44: U.S.-China Trade Collapsed 28-38% in 2025 — SE Asia Capturing Sourcing Share
Project44 reported U.S. imports from China fell 28% year-over-year in 2025. Companies that diversified sourcing in 2025 may still have significant IEEPA refund claims on transition-period entries.
January 13, 2026 • PRNewswire • Chicago, IL
Tariffstool.com • CBP CSMS
⚠️ Filing Errors — Know Before You Submit
Top 4 Reasons CBP Rejects CAPE Declarations — Don’t Leave Money in the Queue
CBP rejects CAPE filings for: (1) entry-mix errors, (2) wrong tariff authority coding, (3) bad ACH enrollment, (4) incorrect CSV formatting. Rejected declarations go to the back of the line.
May 2026 • Tariffstool.com / CBP CSMS Guidance
Legal Tracker • Updated May 2026

Key Court Cases & Regulatory Developments

The rulings, orders, and deadlines directly shaping your refund rights and CAPE filing eligibility.

Supreme Court • Landmark
Learning Resources, Inc. v. Trump
607 U.S. ___ • No. 24-1287 • Decided Feb. 20, 2026

In a 6-3 ruling, the Court held that IEEPA does not authorize the President to impose tariffs. All 2025 IEEPA emergency tariffs were ruled invalid. The decision opened $166–170+ billion in potential refunds across 53 million entry summaries and 330,000 importers of record.

📅 February 20, 2026 • Decision final
CIT • 🚨 APPEAL DEADLINE JUNE 7
Euro-Notions Florida, Inc. v. CBP — Nationwide Refund Order
CIT Judge Richard Eaton • Lead Case: Euro-Notions Florida, Inc.

CIT Judge Richard Eaton issued a nationwide refund order covering all importers. CBP filed its May 26 progress report. The U.S. government has until June 7, 2026 to appeal. A successful appeal could result in a stay freezing all unpaid refunds. Over 2,500 individual IEEPA cases remain pending.

🚨 Appeal deadline: June 7, 2026
CBP CAPE • Phase 1 Active
CAPE — Consolidated Administration & Processing of Entries
CBP ACE Secure Data Portal • Launched April 20, 2026

Phase 1 launched April 20. CBP May 11 filing: 126,237 declarations submitted, 86,874 passed validation, 15.1M entries accepted, 8.3M liquidated, $35.46B principal + interest anticipated. Treasury ACH payments began May 12. May 26 was CBP’s latest court-ordered progress report deadline.

📅 Payments flowing since May 12 • May 26 progress report filed
Section 122 • Expires July 24, 2026
Section 122 Global Tariff — 15% — Trade Act of 1974
Effective Feb. 24, 2026 • Expires July 24, 2026

Following IEEPA invalidation, President Trump invoked Section 122 to impose a 15% global tariff effective February 24, 2026. Section 122 carries a hard statutory 150-day limit — expires July 24, 2026. New Section 232 investigations are underway to provide replacement tariff authority. Section 122 duties are entirely separate from IEEPA and do not affect refund eligibility.

📅 Expires July 24, 2026 • Section 232 replacements in development
Congress • S.3905
Tariff Refund Act of 2026 — Senate Bill S.3905
U.S. Senate • Introduced May 2026 • Co-sponsored by Sen. Hickenlooper (CO) coalition

S.3905 would require CBP to refund all IEEPA duties within 180 days of enactment, with statutory interest, and create a priority queue for small businesses. This legislation would function as a legislative backstop independent of CIT litigation — meaning a successful government appeal on June 7 would not defeat the bill’s refund mandate if enacted. A separate coalition letter from 26 Senators to CBP Commissioner Scott called for fully automating refunds using CBP’s existing data, bypassing the CAPE opt-in requirement entirely.

📅 Introduced May 2026 • Monitor Finance Committee for markup
⚡ CAPE Live Statistics • CBP May 11 + May 26, 2026 Court Filings
$35.46 Billion Principal + Interest — Phase 1 Processing
Sources: CBP Court of International Trade filings May 11 & May 26, 2026 • Flexport CAPE tracker • Troutman Pepper Locke
$35.46BPrincipal
+ Interest
126K+Declarations
Submitted
15.1MEntries
Accepted
8.3MEntries
Liquidated
56,497ACH Refund
Enrollments
$650MInterest
Per Month
🚨
CBP Official Scam Warning (May 2026): CBP has documented active IEEPA refund scams. File only through the official ACE Secure Data Portal at cbp.gov. Verify all communications originate from @cbp.gov addresses. The Tariff Bureau provides advisory and filing-preparation services only — we do not log into ACE on your behalf or request portal passwords.
What We Do

AI-Powered Tariff Recovery Services

From eligibility analysis to CAPE declaration prep — TariffIQ™ handles the complexity so you capture every dollar before June 7.

🔍
IEEPA Eligibility Analysis

AI-driven review of your HTS codes, entry history, and liquidation status to quantify your refund + interest across all eligible entries.
📋
CAPE Declaration Prep

We build your CAPE Declaration CSV, validate Chapter 99 HTS codes, check ACH enrollment status, and coordinate with your licensed customs broker for ACE submission.
📊
Refund + Interest Modeling

Detailed financial model of your recoverable duties plus statutory interest under 19 U.S.C. § 1505 — delivered in a CFO-ready report with timeline scenarios.
⏱️
June 7 Deadline Monitoring

We track the appeal deadline, CIT orders, CAPE phase rollouts, and CBP bulletins so you always know your exact position in the refund queue.
🌎
IOR & Foreign Manufacturer Advisory

Guidance for DDP foreign manufacturers and non-resident importers navigating CBP ACE registration, ACH enrollment, and Form 4811 authorization.
🤝
Broker & Lender Coordination

We connect you with licensed customs brokers and help structure bridge financing against expected refunds for importers with significant cash-flow exposure.
Free • No Obligation • 3 Minutes

Find Out What You’re Owed Before June 7

Answer five questions and TariffIQ™ will estimate your IEEPA refund plus accrued interest in under three minutes. With the government’s appeal deadline approaching fast, there’s no reason to wait.

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Mon–Fri 9am–6pm ET • [email protected]