US Customs officials are rejecting attempts for companies to reclaim tariff duties, FT reports citing sources

US Customs officials are rejecting attempts for companies to reclaim tariff duties, FT reports citing sources.

The rejection of tariff duty reclamations by US Customs indicates a potential tightening in trade relations and could escalate tensions with affected companies. This could introduce uncertainties in currency markets, particularly for the USD and relevant trading partners, while also impacting commodities if firms pass on tariffs to consumers, thereby influencing inflation expectations.