Corporations Post Boosted Profits---Based Upon Tariff Refunds---Where's Ours?Posted By Rod Kaufman |
"Apple got an estimated $2.2 billion tariff refund last quarter. Amazon got $600 million. Nike got $300 million. But American consumers who paid higher prices as President Donald Trump's tariffs filtered through the economy are getting almost nothing back."
"In total, the government is on the hook to refund hundreds of thousands of importers a total of around $166 billion. A little more than half of that has already been paid out, according to a Customs and Border Protection court filing."
"The levies cost households an estimated $1,000 on average last year, according to the Tax Foundation."
https://finance.yahoo.com/economy/policy/articles/corporate-america-got-billions-dollars-090025387.html
"In total, the government is on the hook to refund hundreds of thousands of importers a total of around $166 billion. A little more than half of that has already been paid out, according to a Customs and Border Protection court filing."
"The levies cost households an estimated $1,000 on average last year, according to the Tax Foundation."
https://finance.yahoo.com/economy/policy/articles/corporate-america-got-billions-dollars-090025387.html