Morning Brew Daily US Launches Tariff Refund Website & Robots Outrun Humans in Half-Marathon
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Apr 20, 2026 A new tariff-refund portal aims to return billions to importers and reshuffle who benefits across retailers and manufacturers. Tensions flare as Iran intermittently closes the Strait of Hormuz, affecting global shipping and energy. An order loosens restrictions to speed psychedelic research and funding. Humanoid robots outrun runners in a Beijing half-marathon, highlighting swift advances in robotics.
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How To Claim Tariff Refunds Through CAPE
- Apply for tariff refunds manually through the CAPE portal starting today instead of waiting for automatic payments.
- Businesses or customs brokers must opt in and then wait 60 to 90 days for approval, and registration requires exact entries and bank details.
Refunds Probably Won't Reach Consumers
- Tariff refunds are unlikely to flow directly to consumers because only the importer of record is eligible.
- Costs were absorbed across supply chains, and 0 of 25 CFOs told CNBC they'd reimburse customers directly.
Hormuz Fluctuations Keep Energy Markets Fragile
- The Strait of Hormuz situation remains volatile with reopenings reversed and military incidents reigniting supply fears.
- Iran closed the strait again after briefly opening it, and ships were fired upon while the U.S. enforces a blockade.