Updated · The Atlanta Journal Constitution · Aug 26
Georgia Companies Claim $1.5 Billion Tariff Refunds as Consumers Get $0 Back
Updated
Updated · The Atlanta Journal Constitution · Aug 26
Georgia Companies Claim $1.5 Billion Tariff Refunds as Consumers Get $0 Back
1 articles · Updated · The Atlanta Journal Constitution · Aug 26
Summary
$1.5 billion in tariff refunds has been reported by major Georgia companies after the U.S. Supreme Court struck down certain Trump-era import taxes.
Home Depot and UPS account for most of the total, with Carter’s, Newell Brands and Floor & Decor also disclosing refunds worth tens or hundreds of millions.
Consumers who absorbed many tariff-driven price increases have no way to seek federal repayments, even though tariffs added about $1,100 a year to U.S. households, according to Yale’s Budget Lab.
Small Georgia businesses say the refund process is burdensome and costly, with some lacking the lawyers and customs expertise larger companies used to recover payments.