The US government has launched a web portal to process refunds for $166 billion in tariffs imposed during the Trump administration.
The initiative, outlined in a recent Bloomberg report, is part of a broader effort to unwind trade policies that have long been a point of contention with global trading partners.
The portal allows importers to apply for reimbursements for duties paid on goods subject to tariffs targeting China and other countries.
The move is expected to impact sectors that were heavily affected by the tariffs, including manufacturing and retail.
Analysts suggest that the refund mechanism could ease some financial pressure on companies that have been absorbing the costs of these duties for years.
However, the process is likely to be complex, with importers needing to provide detailed documentation to qualify for refunds.