[anjel]

Refunds to business, but unless they have to refund to consumers it's free capital to importers

[toomuchtodo]

It is a return of their capital illegally acquired by the federal government.

[clayhacks]

No the consumers paid the price of the tariffs. These refunds are going to businesses who just passed the price along

[muwtyhg]

And that fee was likely passed almost directly onto the consumer. I think I read... 90%?

[rstuart4133]

There are Non-Resident Importers, which are foreign companies that import goods into the USA, but do not have a presence in the United States. About 15% of USA imports come through NRIs.

For them this reversal sets up a true irony. Trump effectively forced US citizens to pay more the imported goods. He thought that money would go to the USA treasury. Now the US treasury has to pay it back, so it is a free gift to the exporting countries. Like China.

Truly delicious.