Small Businesses Await Tariff Refunds
Anchorage News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Small business owners across the U.S. await refunds for extra tariffs paid during the Trump administration, following a Supreme Court ruling in late February deeming them illegal. The government collected over one hundred sixty-six billion dollars from importers, with tariffs spiking on goods from China, Brazil, and India. Coffee roasters and baby product makers faced cost increases, hindering hiring and expansion. Arizona coffee importer and Minnesota baby gear company experienced financial strain. U.S. Customs and Border Protection is processing refunds, while the administration pursues new tariffs and Democratic-led states challenge fresh duties.
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