Companies will get refunds, but consumers won't because companies will keep the profits.
saltyoldman•1h ago
I haven't seen prices rise much at all, I think most of the companies absorbed the difference. I have two minds on this. Because most of the price hike was absorbed, perhaps they should get a refund. But on the other hand, the nice thing about these tariff hikes being absorbed, it was effectively a tax on the rich.
And another side to think about- necessities are largely domestic (food, rent, etc). It's only if you're going out and buying an expensive thing on Amazon that you might pay a lot in Tariffs, so again, it does seem like a tax on the rich.
0cf8612b2e1e•58m ago
Depends on what you are buying. I saw a report that higher quality goods saw minimal price adjustment -the more expensive goods have enough margin they could eat the difference. Cheaper products were already fighting to stay above water, so they had to increase prices to immediately offset the tariff pricing.
mark336•1h ago
saltyoldman•1h ago
And another side to think about- necessities are largely domestic (food, rent, etc). It's only if you're going out and buying an expensive thing on Amazon that you might pay a lot in Tariffs, so again, it does seem like a tax on the rich.
0cf8612b2e1e•58m ago