Tariffs cost consumers, refunds unlikely despite lawsuits

TL;DR Summary
Costco and other importers are suing to speed tariff refunds, but even if funds are returned, they would mostly go to the importer of record rather than consumers who paid higher prices; the Supreme Court ruling that tariffs were illegal has left refunds unclear and potentially years away. Economists estimate consumers bore about a quarter of tariff costs via higher prices (roughly $1,000 per American household), and Democrats are pressing for consumer refunds while the Trump administration has floated rebates; several companies including Costco and FedEx have filed suits, but in practice consumer refunds remain unlikely.
- You paid for tariffs — but you won’t get a slice of tariff refunds CNN
- FedEx sues for refund of Trump tariffs, days after Supreme Court ruling CNBC
- FedEx sues for Trump tariffs refund The Hill
- FedEx sues US government, seeking ‘full refund’ over Trump tariffs The Guardian
- FedEx sues Trump administration for full tariff refunds after Supreme Court ruling on IEEPA Fox Business
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
343 min
vs 344 min read
Condensed
100%
68,738 → 96 words
Want the full story? Read the original article
Read on CNN