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finance.yahoo.com
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business1d ago

‘Personal to the president’: Companies try to avoid Trump’s wrath over tariff refunds

  • Companies are choosing between filing refunds via the CBP portal or pursuing lawsuits to preserve their rights.
  • Executives are wary of attracting Trump’s ire, weighing the personal-risk aspect of tariff refunds.
  • Apple, Ethan Allen and Mattel are among big-name companies disclosed in earnings calls as involved in refunds.
  • The CBP portal handles straightforward refunds, but some filings show errors delaying payments.
  • Some firms forego lawsuits to avoid drawing headlines that could invite consumer backlash.
  • Costco’s lawsuit drew national attention, prompting some firms to stay under the radar.
  • Analysts say fear of retaliation is shaping corporate decisions on refunds even as most pursue payments.
  • The White House has shown willingness to use federal leverage against private entities that cross it.
  • Experts note the refunds are tied to a 1974 emergency powers law, with courts hearing related suits.
  • The CBS portal is expected to begin issuing payments this week as refunds materialize.
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