U.S. Opens Tariff Refund Portal as Companies Rush to Reclaim $166 Billion

By Timothy Aeppel, Nicholas P. Brown and David Lawder

April 20 (Reuters) – The refund system set up to allow companies to recover illegally collected tariffs from the U.S. government went live on Monday as thousands of companies rushed to file claims.

“So far, so good” – though the system is a little glitchy, said Jay Foreman, CEO of toymaker Basic Fun, which had a team in its “war room” at its headquarters in Boca Raton, Florida, ready to start filing when the system went live at 8 a.m. U.S. Eastern time (1300 GMT).

Foreman said the system didn’t crash as some had feared it might