After promising no further extensions, President Trump’s tariffs will go into effect a week later than his self-imposed August 1 deadline, adding further uncertainty.
While importers—typically U.S. businesses but also foreign exporters contractually obligated to pay import taxes—may be entitled to refunds, Reinsch told Newsweek that consumers would “probably not” see any as a result of the CIT’s decision, even if the tariffs resulted in higher prices for foreign-sourced goods purchased over the past few months.
Raise prices due to tariffs × additionally price gouge blaming tariffs × pocket tariff refund = late-stage capitalism³
From that article:
Raise prices due to tariffs × additionally price gouge blaming tariffs × pocket tariff refund = late-stage capitalism³