tariff refunds

Heather Bickford, chief operating officer at Death By Audio, says she’s still waiting on nearly $100,000 in refunds. Still though, she’s staying positive about business.

Nate Axvig estimates his company has paid $27,000 in tariff fees, and has received just $3,000 back in refunds.

While Elden Street Tea Shop waits for tariff refunds, the business also has to worry about higher commodity and shipping costs.

Some are lowering prices, while others are using the money to offset costs.

The behemoth from Bentonville recently announced new price rollbacks.

Business owners are skeptical that tariff uncertainty is over, even as money is deposited into their bank accounts.

Gabe Hagen says he’s unable to apply for reimbursement because his importer — not his business — is listed on the paperwork.

Importers passed the cost of tariffs to wholesalers, manufacturers and other businesses. Now, they’re deciding whether they’ll share their tariff refunds too.

As companies apply for refunds, new and existing tariffs, as well as rising shipping costs, continue to cloud the outlook.

Consumers might end up getting refunds, but it’s complicated — it will be up to business owners to decide what to do with refunds, if they do end up coming through.