Consumers hoping for relief from potential tariff refunds are unlikely to see any meaningful financial benefit as companies signal they intend to keep any repayments rather than pass them through to households, according to the latest CNBC CFO Council survey.
The backdrop to this development stems from earlier court rulings that struck down parts of President Donald Trump's tariff agenda, with a federal judge subsequently ordering the government to prepare for potential repayments to importers who had paid the duties. However, despite the possibility of billions in refunds being issued, corporate decision-makers appear unwilling to share any upside with consumers.
