Summary
The U.S. Supreme Court ruled that many of President Trump's tariffs were illegal, sparking efforts to refund billions collected in tariffs. Some companies, like FedEx, have pledged to pass any tariff refunds they receive on to customers. However, the refund process is uncertain as it requires actions from both the courts and the government.
Key Facts
- The Supreme Court found most of President Trump's tariffs illegal, affecting $175 billion collected in tariffs.
- Companies like FedEx and Cards Against Humanity plan to refund customers if they receive refunds from the government.
- FedEx has sued the U.S. government for a refund of its tariff payments, promising to pass these on to customers.
- Refunds depend on the administration or courts to establish a process, which has not happened yet.
- Justice Brett Kavanaugh disagreed with the ruling on the tariffs in a dissent, leaving refund specifics unclear.
- Some Democrats suggest Americans should receive direct compensation, with potential amounts such as $1,700 per household.
- Dame Products has also promised automatic refunds to customers who paid tariffs without waiting for a governmental rebate.
