"And I also think that if they didn't find with us, that it's going to be pretty unlikely that they're going to call for widespread refunds, because it would be an administrative problem to get those refunds out to there,"
"But the people who pay the tariff, if there is a refund, the people who actually paid for the good, the importer, in most cases, they're the ones who would be the first line of defense for refunding the tariff,"
"But I really, really don't think that's going to happen, it'd be very complicated. And then that person would be responsible for allocating the tariff refund to the appropriate folks."
"Yes, it is a mess, and that's why I think the Supreme Court wouldn't do it."
Lower courts have ruled that reciprocal tariffs invoked under the International Emergency Economic Powers Act are illegal, and the Supreme Court will make the final determination. The White House expects a favorable ruling and views widespread tariff refunds as unlikely due to administrative complications in distributing refunds to those who actually paid. Importers have largely borne tariff payments while many companies passed costs to consumers; who ultimately pays depends on supply and demand elasticities. Some Chinese firms have reduced prices to offset tariffs. By late September, roughly $90 billion of $174 billion in tariff revenue had been recorded.
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