Hedge Funds Buy Up Federal Tariff Refund Claims #
The Supreme Court decision to strike down the administration baseline tariffs has created a $166 billion federal refund pool. Predictably, the Customs and Border Protection agency lacks the administrative capacity to process this massive windfall efficiently. Trade lawyers are currently warning importers to brace for intense scrutiny, as the administration treats trade enforcement as a primary weapon. The agency has yet to finalise the basic details of the refund claim process, leaving thousands of businesses in bureaucratic limbo. For American…