Professor Gregory Germain Discusses the Potential for Consumers to Receive Tariff Refunds

Professor Gregory Germain spoke with Investopedia on the possibility of consumers receiving tariff refunds.

“In most cases, the consumers are bearing the burden of the tariffs through higher prices, but they can’t specifically identify that their money went to pay a particular tariff,” said Germain.

He continues, “There may be some businesses that—just like paying a sales tax or something—itemized it [the tariffs] on the receipt saying, ‘We’re charging $15 for a tariff.’ Those customers … would have a pretty good argument.”