Walmart says it's using tariff refunds to lower prices
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Companies are using tariff refunds to lower prices, cushion their margins, and, to a very small extent, return the money straight to the customer.
Walmart said it is fulfilling its May promise to direct the bulk of tariff refunds toward improving the value it offers to customers.
The U.S. has refunded more than $100 billion in illegal tariffs to businesses, and some of that money is going to consumers — here's what to know.
Consumers who bought products from Logitech after it increased its prices due to tariffs still haven't received their refunds, even after the U.S. government returned $61 million to the company. Now they're suing for their refunds,
NPR's Danielle Kurtzleben speaks to Wall Street Journal business reporter Theo Francis about refunds some businesses are getting on the billions of dollars they've paid on President Trump's tariffs.
Apple, Nike and FedEx are just some of the companies that are recovering big sums relatively quickly.
The U.S. Customs and Border Protection is only processing refunds for registered importers of record, and they are not obligated to refund shoppers.
Some consumers are getting back some of what they paid from shippers including UPS, DHL, FedEx. Amazon said it would refund affected customers. Otherwise it will use tariff refunds to lower prices.
Walmart gets $2.4 billion, Apple $2.2 billion. And you? Nothing.