Trump Administration Opens Tariff Refund Claims Portal for U.S. Companies
- Tariff Refund Claims Opened: The Trump administration launched the claims portal on Monday, allowing U.S. importers to seek over $160 billion in refunds, providing a pathway for companies to reclaim duties, which could positively impact retailers' financial health.
- Refund Distribution: According to Citi, Walmart is expected to receive $10.2 billion, Target $2.2 billion, Nike $1 billion, Kohl's $550 million, Gap $400 million, and Macy's $320 million, with these funds potentially used for stock buybacks or debt repayment, enhancing corporate financial flexibility.
- Application Process Details: U.S. Customs and Border Protection (CBP) stated that the CAPE process will occur in phases, with Phase 1 covering specific unliquidated entries, requiring importers to submit a CSV file through the ACE Secure Data Portal to ensure efficiency and accuracy in claims.
- Expected Refund Timeline: CBP anticipates that valid IEEPA refunds will generally be issued within 60 to 90 days following the acceptance of the CAPE Declaration, although legal and regulatory factors may cause delays, potentially impacting retailers' cash flow and financial planning.
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Technical Analysis for ACE
Technical Sentiment Analysis for Fusionist (ACE). As of , Fusionist (ACE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ACE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ACE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Fusionist (ACE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00907 | 0.061 | 0.0911 | 0.143 | 0.173 | 0.225 | 0.255 |
| Fibonacci | 0.061 | 0.0924 | 0.112 | 0.143 | 0.174 | 0.194 | 0.225 |
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