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Consumers Won't See Tariff Refunds. Smart Retailers Will Turn Them Into Price Cuts [Yahoo! Finance]
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getty Americans are owed $166 billion in tariff refunds , but consumers are unlikely to see a penny of it. After the Supreme Court ruled the sweeping tariffs imposed by the Trump Administration were illegal, U.S. Customs and Border Protection launched an online system to process tariff refund payments—but only importers of record can apply for refunds, and they are mostly businesses. Even familiar faces like UPS, FedEx and DHL , which say they will pass along refunds, will primarily reimburse their business clients, not the customers whose packages they delivered. It's leaving American consumers feeling cheated. According to Bloomberg Law , at least 17 class action lawsuits have been filed seeking to recover tariff-specific costs—11 of them against FedEx. And William Pletcher, litigation director of Consumer Watchdog, said these suits are only the “tip of the iceberg.” Attorney Lori Leskin, who heads the consumer products practice group at Arnold & Porter, said plaintiffs will
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- Costco changes beloved $1.50 hot dog deal for the first time in decades: reports [FOX Business Network][FOX Business Network]
- Bed Bath CEO bets on acquisitions to drive future growth [Yahoo! Finance][Yahoo! Finance]
- Consumers Won’t See Tariff Refunds. Smart Retailers Will Turn Them Into Price Cuts [Forbes][Forbes]
- Jim Cramer on Costco: “Never Ever Cheap, and It Is Always Terrific” [Yahoo! Finance][Yahoo! Finance]
- Costco vs. Dollar General: Which Discount Retailer Holds More Promise? [Yahoo! Finance][Yahoo! Finance]
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