When the Supremes decided that the Orange Toddler's tariffs from last spring were illegal, the question arose whether what or who might get a refund. Many companies had raised prices hoping to make up for the hit to their bottom line from paying the duties on imported goods. Many others held tight on prices, hoping a court would free them from the levies, as it did, while nonetheless paying up in the interim. That is, as usual, Trump had left American businesses with a mess.
So now what happens to the money the Trump regime has been ordered to pay to the importers?
Popular Information looked into this:
The federal government could now be responsible for issuing “refunds worth $175 billion,” according to the Penn Wharton Budget Model.
... While it seems likely that companies will eventually get refunds from Trump’s tariffs, much of the cost was borne by consumers. Many companies publicly stated that they were raising prices due to the tariffs. But now that the tariffs are being refunded, only a few companies have pledged to refund customers or offer discounts.
Costco is one of the few companies that has promised to pass some of the refunded tariff money back to customers.“As we’ve done in the past, when legal challenges have recovered charges passed on in some form to our members, our commitment will be to find the best way to return this value to our members,” Costco CEO Ron Vachris said during an earnings call last week. Vachris said that the company would return recovered tariff money to customers “through lower prices and better values,” but noted that “it is not yet clear what the process will be, what refunds, if any, will be received, and when this will happen.” Costco executives also said during the call that the company took steps to absorb some of the increased cost caused by tariffs instead of passing it on to customers.
In November, Costco sued the Trump administration over its tariff policies and sought refunds.
FedEx has also pledged to refund a portion of any tariff money it receives to customers. “Our intent is straightforward: if refunds are issued to FedEx, we will issue refunds to the shippers and consumers who originally bore those charges,” FedEx said in a statement on its website. “When that will happen and the exact process for requesting and issuing refunds will depend in part on future guidance from the government and the court.”
It seems worth remembering who treated their customers right ...

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