Customs and Border Protection ( CBP ) has finalized $35.46 billion in refunds for President Donald Trump’s cancelled International Emergency Economic Powers Act (IEEPA) tariffs , and those funds are now being sent back to importers. As of Monday, customs had received 126,237 applications ​for refunds for an undisclosed number of entries, according to a declaration from CBP executive director of trade programs Brandon Lord which was filed in the Court of International Trade (CIT). According to Lord, by May 11, CBP had validated 86,874 applications covering 15.1 million entries ​which were determined to be eligible for refunds. Of those entries, 8.3 million were finalized and processed for refunds. The agency’s Consolidated Administration and Processing of Entries ( CAPE ) portal, which launched on April 20, could see refund requests for up to $166 billion in tariffs collected under the now-defunct IEEPA order.…