economy

Tariff refunds unlikely to benefit consumers, CNBC CFO Council survey finds

Although the government could pay billions of dollars in tariff refunds, consumers shouldn't expect to see money back, according to a CNBC CFO Council survey.

Tariff refunds unlikely to benefit consumers, CNBC CFO Council survey finds

TL;DR

  • Most companies surveyed plan to apply for tariff refunds but do not intend to pass the money directly to customers.
  • CFOs anticipate it could take a year or longer to receive refunds, with some not planning to apply at all.
  • The legal challenges to President Trump's tariffs are ongoing, with new tariff measures introduced.
  • Passing savings from refunds directly to consumers would be difficult, and broad-based benefit programs require Congressional action.
  • Several tariff refund bills have been introduced in Congress but face political obstacles and are unlikely to pass before the midterms.

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