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Stock impact report

Trump tariff refunds ordered but businesses, consumers still don't know how to get their money [Yahoo! Finance]

YETI Holdings, Inc. (YETI) 
Last yeti holdings, inc. earnings: 2/13 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Tariffs increased the cost of some components in guitars like these in a showroom at John Page Guitars in Austin. Now that the Supreme Court ruled the Trump administration's tariffs were illetal, he company's CEO is wondering when he gets his money back. (John Page Guitars) Peter Swartz wants his $1,500 back. The CEO of John Page Guitars in Austin says the government illegally collected that much in tariffs on the Japanese-import pickups his company uses, eating into the profit he makes on custom guitars. The company handcrafts from 100 to 200 instruments each year. Swartz absorbed the increase in cost for the parts used on guitars but passed along the increase to customers buying pickups — the component that allows a guitar to produce sound through an amplifier. “At the end of the day, it's a 30 to 50 percent increase,” he said. RELATED: Texas companies win as Supreme Court strikes down Trump tariffs Swartz's shop is one of an estimated 300,000 or more U.S. companies tha Show less Read more
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