#1 out of 1
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.
Vote 0