NEWSNATIONNOW (Andrew Dorn) - Companies are getting tariff refunds — but that doesn't mean you will
The Trump administration has paid about $100 billion in tariff refunds to businesses, but what about consumers?
ABCNEWS - Trump administration pays out milestone $100 billion in tariff refunds
That’s more than half of the $166 billion owed to thousands of American businesses who paid the tariffs that were struck down by the Supreme Court.
NEWSNATIONNOW (Chris Cuomo) - Trump administration sued by watchmaker for tariff refunds
About $100 billion in tariffs has been refunded, but most of it is going to third-party shippers instead of small businesses.
AXIOS (Courtenay Brown) - Accidental stimulus: the economy's tariff refund cushion
Data: U.S. Treasury Monthly Treasury Statement (net customs duties) ; Chart: Courtenay Brown/Axios Corporate America is getting an accidental stimulus. Billions of dollars collected through court-invalidated tariffs are flowing back to businesses confronting stubborn cost pressures. Why it matters: The refunds amount to a reversal of the tariff shock that squeezed profits and raised prices in the first place. - Companies that have discussed their plans say they generally expect to use the money to offset inflation rather than generate much new economic activity. Many will absorb higher costs tied to the Iran war and future tariffs — and, in some cases, cut consumer prices. What they're saying: PepsiCo chief financial officer Steve…
Data: U.S. Treasury Monthly Treasury Statement (net customs duties) ; Chart: Courtenay Brown/Axios Corporate America is getting an accidental stimulus. Billions of dollars collected through court-invalidated tariffs are flowing back to businesses confronting stubborn cost pressures. Why it matters: The refunds amount to a reversal of the tariff shock that squeezed profits and raised prices in the first place. - Companies that have discussed their plans say they generally expect to use the money to offset inflation rather than generate much new economic activity. Many will absorb higher costs tied to the Iran war and future tariffs — and, in some cases, cut consumer prices. What they're saying: PepsiCo chief financial officer Steve…Open
NEWSNATIONNOW (Rob Taub) - Are you eligible for the potential COVID tax refund?
Taxpayers who do not file a claim by then may become ineligible for a refund or abatement.
HUFFPOST - The 'Ghost Ticket' Nightmare Angering World Cup Fans
Dozens of angry ticket buyers have taken to social media after last-minute cancellations on StubHub left them without tickets they had purchased.
Dozens of angry ticket buyers have taken to social media after last-minute cancellations on StubHub left them without tickets they had purchased.Open
NYTIMES (Alan Feuer) - Justice Dept. Promises to Drop $1.8 Billion Fund
It was the department’s clearest statement to date that it was pulling back from a plan to use taxpayer money to make payments to people who claimed to have been politically persecuted.
JUSTTHENEWS (Kevin Killough) - High fuel costs forces American Airlines to suspend some of its summer routes, company says
The Texas-based airline said that impacted travelers would be offered alternative flights to reach their destinations, or it would grant them refunds.
NYTIMES (Tony Romm and Ana Swanson) - Trump Administration Fights Court Order to Refund Some Tariffs
The administration has started to repay some of the money, but has signaled it may make it harder for certain businesses to claim the full amount they are owed.
HUFFPOST - Trump Plans To Appeal Order Allowing All Importers That Paid Struck-Down Tariffs To Seek Refunds
Until the Department of Justice informed the judge of its planned appeal, the refund system overseen by U.S. Customs and Border Protection had worked fairly smoothly.
Until the Department of Justice informed the judge of its planned appeal, the refund system overseen by U.S. Customs and Border Protection had worked fairly smoothly.Open