U.S. importers can start filing refund claims today for $166 billion in tariffs collected illegally over the past year. More than 300,000 importers brought in over 53 million shipments subject to tariffs the Supreme Court voided in February, which President Trump had imposed under the International Emergency Economic Powers Act, or Ieepa.

Trade-compliance lawyers and experts say the refund process is moving faster than anticipated given the complexity of the rollout and the high number of claims expected to be filed. U.S. Customs and Border Protection has set up a system known as Consolidated Administration and Processing of Entries, or CAPE, to handle refunds within its online portal called the Automated Commercial Environment.

The government expects to be able to initially accept refund claims worth about $127 billion of the total collected, but plenty of questions remain about how the process will play out.

The WSJ Logistics Report’s Liz Young explains what we know–and don’t know–about getting a refund.

• The European Union’s international trade in goods surplus in February fell about 60% from a year earlier, when companies were front-loading exports ahead of tariffs. (WSJ)
• Commerce Secretary Howard Lutnick said Trump considers the present U.S.-Mexico-Canada trade treaty to be a poor deal that needs to be “reconsidered and reimagined.” (WSJ)
• The Trump administration is considering possible changes to North American trade rules that could raise tariffs on U.S. car imports and push automakers to increase domestic output. (Bloomberg)
• U.S., Canadian and Mexican retail industry associations urged their governments to preserve the USMCA, ahead of a scheduled review of the North American trade pact. (SupplyChainBrain)

President Trump said the U.S. seized an Iranian-flagged ship in the Gulf of Oman that tried to slip past the American blockade, the first known episode in which force has been used. The announcement came hours after the president said U.S. negotiators would arrive in Pakistan today for peace talks. Iran said it hadn’t decided whether it would attend negotiations, as the end of the two-week cease-fire looms.

The American military had been planning to board Iran-linked oil tankers and to seize commercial ships in international waters, expanding its naval crackdown beyond the Middle East, the Journal’s Shelby Holliday, Michael R. Gordon and Costas Paris report. The Iranian military attacked several commercial vessels on Saturday as it declared control of the Strait of Hormuz. Shipping companies scrambled to find clarity and respond to the developments, which came just a day after Iran’s foreign minister said the strait was fully open.

• The Iranian-flagged containership boarded by U.S. forces, the MV Touska, was a frequent visitor to Chinese ports, and had spent time in waters known for illicit ship-to-ship transfers, according to tracking data and shipping experts. 
• Exxon Mobil, Chevron, BP and other energy companies are speeding up their searches for new oil-and-gas prospects—far away from the perils of the war in the Middle East.
• The U.S. military is using sea drones to help clear the strait of mines, to help begin reopening it to commercial shipping.
• Lloyd’s insurer Beazley plans to launch a marine war coverage consortium to provide up to $1 billion of underwriting capacity. (Insurance Journal)

Farmers spent four years waging a legal battle against what they say is Deere’s tight grip over repairs. Deere settled the “right to repair” case earlier this month, pledging $99 million to a settlement fund to plaintiffs, and to expand access to its software.

Many farmers say it might not be enough, the Journal’s Bob Tita writes. The National Farmers Union says Deere has made concessions like this before and that the promised software isn’t as thorough as what dealers use. At the heart of the dispute is just how complex modern farm equipment has become. The self-repair campaign has drawn significant attention beyond agriculture, as well.

More than 200,000 farmers could be eligible to file claims for compensation for the repair costs paid to Deere dealers since 2018. The company argued that using authorized repair shops allows for long-lasting equipment and high resale values.

• Brad Jacobs’s QXO agreed to acquire insulation company TopBuild for $17 billion, marking the building-products distributor’s biggest deal to date. (WSJ)
• Ford is recalling up to 1.39 million 2015-to-2017 F-150 pickups over the risk of unexpected downshifting that can lead to a loss of vehicle control. (WSJ)
• French trainmaker Alstom pulled its medium-term financial forecasts with some large rolling-stock projects progressing more slowly than planned, sending shares down sharply. (WSJ)
• Uber is buying a 4.5% stake in food-delivery company Delivery Hero from Prosus for about $318.2 million. (WSJ)
• Chocolatiers are seeking alternatives to cocoa amid volatile prices and declining demand, leading to new product formulations. (WSJ)
• Honda is joining with scooter-share companies Bird and Spin to launch its new, small, eQuad electric cargo vehicle. (SupplyChain24/7)
• Soaring materials and labor expenses are threatening to boost the cost of a Tokyo-area logistics hub under development by GLP Japan by about 80%. (Nikkei Asia)
• Home Depot is seeking a tax break to build a distribution center on New York’s Long Island to provide same- and next-day delivery of bulky products, according to a development application. (SupplyChainDive)
• China’s shipbuilding trade group said an allegation of excess capacity was “inconsistent with reality” in a letter to the office of the U.S. Trade Representative, which is investigating the sector. (TradeWinds)
• Japan’s Nippon Express Holdings is acquiring Canada’s Metro Supply Chain Group for the equivalent of about $1.6 billion.  (The Japan Times)
• Canada Post is taking the first steps toward ending home deliveries to about 4 million addresses over the next five years. (Associated Press)
• The U.S. Coast Guard said it was searching for six missing crew members after finding the 145-foot dry cargo vessel Mariana overturned in the Pacific near Guam following a typhoon. (New York Times)

Mark R. Long is editor of WSJ Logistics Report. Reach him at mark.long@wsj.com. Follow the WSJ Logistics Report team on LinkedIn: Mark R. Long, Liz Young and Paul Berger.