<2> Shoppers Seeking Tariff Refunds May Be Out of Luck
<3> New Lawsuit Against Costco Raises Questions
Retailers have been collecting tariffs from consumers on imported goods, but a new lawsuit alleges that Costco owes shoppers refunds for these fees. However, experts say that this is a tough call, and shoppers may be out of luck.
<3> The Tariff Conundrum
The Trump administration imposed tariffs on imported goods in 2018, and retailers have been passing these costs on to consumers. However, a new lawsuit alleges that Costco has been collecting tariffs on goods that were not subject to tariffs, and that the company owes shoppers refunds for these fees.
<3> The Mercatus Center Study
A study by the Mercatus Center at George Mason University found that tariffs have been passed on to consumers in the form of higher prices. The study also found that the tariffs have had a disproportionate impact on low-income households.
<4> href=’https://www.bloomberg.com/news/articles/2022-02-01/tariffs-are-being-passed-on-to-consumers-study-finds’ target=’_blank’>Bloomberg reported on the study, citing its findings that tariffs have had a significant impact on consumer prices.