American businesses and shoppers paid the vast majority of the billions of dollars collected for the emergency tariffs that the Supreme Court recently ruled illegal. Companies are now pushing to get their money back. But can shoppers expect their own refund?

Probably not, according to Robert Shapiro, an international trade lawyer and partner at the law firm Thompson Coburn.

“And if you do, it’ll be pennies on the dollar,” Shapiro said.

The roughly $180 billion collected under the struck-down tariffs, according to an estimate by Goldman Sachs, was typically paid for directly by businesses, and indirectly by consumers through higher prices. Because those companies often paid the actual customs bill, any refund from the federal government would go to them.

  • penguinA
    link
    613 hours ago

    Yep they will all sue for the tariffs, not distribute it among their customers, and not lower prices. Maybe Costco will actually do the right thing but who knows