U.S. Customs has estimated that it owes a total of $166 billion in tariff refunds, and the agency's legal filings suggest that the initial phase would tackle the majority of affected imports. On Tuesday, a Customs official told a judge that the vast majority of eligible importers signed up for electronic payments, as the agency is requiring, and that group is owed about $127 billion.
Will consumers see any of that money land in their pockets? Probably not, economics and legal experts say.
The cost of tariffs has been woven into the prices of many products in a way that can make it hard to separate out what customers ultimately paid. Often, manufacturers, suppliers, importers, retailers and shoppers all absorb costs along the way. And with tariffs landing on the heels of historic inflation, companies big and small have argued that they ate much of the cost to avoid spooking shoppers with higher prices.
NPR
This tariff-refund portal is about to be America's hottes...
Exactly two months after the Supreme Court struck down most of President Trump's tariffs, the U.S. government has set Monday as the day when some companies can begin requesting refunds.
anyone interested in buying a bridge?
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