U.S. set to launch tariff refund system on April 20

https://www.nbcnews.com/business/business-news/us-set-launch-tariff-refund-system-april-20-rcna332018

38•tantalor•4h ago

Comments

bayff•3h ago

Didn't some guy buy up a bunch of the rights to tariff refunds at discount hoping for this?

extraduder_ire•3h ago

It's more than one guy, there's a whole industry around it.

I think the most famous one is a person working in government or closely related to someone who is. (drawing a blank on the name right now)

drawfloat•2h ago

…your Commerce Secretary.

0x_rs•36m ago

Cantor Fitzgerald, run by (Commerce Secretary, Epstein neighbor, and island visitor) Lutnick's sons. It should be noted Lutnick himself was a big proponent of tariffs to replace "some" income taxes -- just not your own.

>Public reporting indicates that Cantor has offered companies the opportunity to trade their legal claim to a future tariff refund in exchange for twenty to thirty percent of the duties the company paid.

https://fortune.com/2026/03/07/winners-supreme-court-tariff-...

https://www.finance.senate.gov/ranking-members-news/wyden-wa...

ivraatiems•3h ago

It's nice to see them actually complying with the Supreme Court's decision instead of just ignoring it and telling them to enforce it.

csouers•1h ago

Oh, don't worry. They'll find a way to screw over the consumer.

bmitc•1h ago

This does screw over the consumer, or at least doesn't reverse the screwing of any consumers.

hoppyhoppy2•1h ago

Am I reading between the lines correctly, that consumers who paid higher prices to help cover the cost of these tarriffs can expect no refunds?

NewJazz•1h ago

PPP 2.0

JohnMakin•1h ago

Yes, it's effectively a transfer of wealth from the consumer to the companies above them, much like everything else these days

BoiledCabbage•1h ago

Yup, another failure of a policy. And again not a surprise, it was widely explained ahead of time they were illegal, but instead they were forced through under an "Emergency" situation and now enormous amount of money wasted and what's returned is being refunded to corporations even though the consumer ultimately paid the bill.

Another case of acting impulsively.

Kinda like the reason the price of oil is so high right now.

tacodestroyer•1h ago

Absolutely and I highly doubt those businesses will lower the prices on anything they raised prices on. Double dip FTW.

aucisson_masque•1h ago

That's what I wonder too.

Ultimately it's the customer who paid more for his his'goods, not the importer.

Is the us government seriously going to give American citizens money to some Chinese importers ?

happytoexplain•1h ago

Yup. More theft from regular Americans.

kshacker•1h ago

I wonder how it works for small folks like me. My brother sent me something from India and put a value on it (should not have). The government charged me a few bucks, but then fedex charged me something on top as their fees. Now if they charge me to return the fees, I will still end up losing money :) since the fedex fees were more than the government fees

It is not a big amount, but I am sure there are lots of people with similar stories.

comrade1234•1h ago

From what I understand a tariff refund system has been in place for decades, as companies dispute tariffs they were charged and get refunded.

Freedom2•1h ago

This forum told me that other countries would pay the tariffs for the end customer. Was that incorrect, and if so, how could this forum get it wrong? What other confidently stated truths could also be wrong?

pjc50•56m ago

For "this forum" read "the small but persistent crowd of pro Trump tech bros".

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