New Delhi, April 22 -- The United States government on launched its tariffs refund site called the Consolidated Administration and Processing of Entries (CAPE) portal, from where businesses can apply for their share.

This comes after the country's Supreme Court (SCOTUS) in February struck down US President Donald Trump's tariff regime under the International Emergency Economic Powers Act (IEEPA) of 1977, a national emergency law use it deemed illegal. Court filings show refunds could reach nearly $166 billion, with over 3.3 lakh importers having paid tariffs for upwards of 53 million shipments, USA Today reported.

As per an official statement from US Customs and Border Protection (US CBP), the portal will be launched in phases - the fir...