GM expects a whopping $500M tariff refund
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But after some early hiccups, the U.S. government's hub for businesses seeking tariff refunds is running smoothly, an expert says.
Some companies say they'll pass tariff refunds on to customers. But will shoppers actually see lower prices? Here's what to know.
Many families felt the sting of the president’s now-illegal tariffs, but companies have said little about whether they will share the $166 billion coming back to them.
Experts said it's unlikely consumers will see a drop in prices moving forward.
U.S. Customs and Border Protection (CBP) opened a new online portal for tariff refunds on Monday, April 20, but they're for businesses, not individuals. The agency is slated to begin refunding companies that paid tariffs on imports after the Supreme Court ordered the government to return the funds.