In the days since the US Supreme Court declared most of President Donald Trump’s global tariffs illegal, more than 100 companies filed new lawsuits, underscoring widespread concerns that the administration won’t readily refund the billions of dollars it’s already collected.
https://www.reddit.com/gallery/1rggf0q
Posted by yahoofinance
12 Comments
Not a penny back to the consumer who paid the increased prices. Prices will remain high, because why not? Working class gets the shaft again.
I bet all those companies want those tariffs back so that they can send out refunds to every person that bought from them.
As if somethings gonna happen to benefit the consumer who paid
Not only do the people get any of this money back but also we are paying for the lawyers to manage the lawsuits… trickle up economics.
We should boycott these companies. They are trying to rip off Americans. Regardless if this was Trumps fault, we shouldn’t cheer companies for trying to milk more corporate welfare.
Would there be a way for consumers to bring a class-action so that the people who actually spent the money could recoup?
Congrats everybody. You get to pay for this!
Look sure sue him. But I would be remiss if I didn’t point out three things I think everyone has learned by now:
– The costs of tariffs are passed on to the consumer
– We pay the tariffs
– When they raise a price, it may go down a little, but never all the way
Hiring all those lawyers is job creation! So much winning /s
Venn diagram of companies trump extorted and tariffs lawsuits is probably a perfect circle
FedEx will be wild. They are often the importer of record so they pay the tariff and collected it from the receiving party. The receiving party clearly paid the tariff to FedEx but what recourse do they have to collect it back from FedEx. FedEx submits the tax documents to the government.
FedEx just announced they’d be issuing refunds, I know Costco ate a ton of the tariffs. Not simping for a company so I’ll offer context. We shop there weekly and I was keeping track of increases in our own budget. It didn’t move until January to be honest. There wasn’t a noticeable difference in my spending and I buy the same stuff, a neurodivergent household that doesn’t deviate from food choices. Bananas went up but it wasn’t a big issue, some foreign snacks we like slightly went up last year but nothing of notice. That was until January I could visibly see the price change of things I had bought the month before. Costco has also issued me refunds over the years for items they corrected or whatnot. Would not be shocked if they do ultimately issue some refunds to consumers.