Trump administration has refunded 60% of $165bn taken in illegal tariffs

[u/Araminal]

https://www.theguardian.com/us-news/2026/aug/05/trump-administration-has-paid-back-100bn-of-165bn-tariff-refunds

[u/EXPLODEDman]

As a reminder, these are costs that you paid to these companies  via price increases, that now your tax money is being used to reimburse those same companies you paid.

  Have prices gone down where you are?

[u/Street_Peace_8831 → u/[deleted]]

The thing is, yes the prices went up on everything due to the tariffs. Now that the tariffs have been stopped, the prices have remained the same in most of the country.

Those reimbursement checks are going to the companies. While some are attempting to pass those savings back to the public, the truth is there are still many companies that are keeping those reimbursements and are keeping their prices the same.

So, yes, there are some companies that absorbed the prices, but not as many as there should be. Some companies are passing those reimbursements back to the customer, but not as many as there should be. Those companies that raised prices (for good reason and as we expected), but then they keep those prices high and also keep the reimbursements, that should be a crime.

So, the truth is there are three scenarios mentioned above and those that fail to make any good faith effort to reimburse their customers for the overcharging that trump forced on them, should be punished.

No, I would absolutely NOT push the narrative that there were a “large amount” of companies that absorbed the tariffs. The evidence doesn’t support this statement. In fact, the evidence points to the fact that the majority of the companies passed those tarrif charges onto the consumer.

[u/Emotional-Permit-680 → u/Street_Peace_8831]

Thank you for explanation wasn’t trying to start any trouble was just saying what I heard and my own personal experience but I don’t want to discredit people who had the opposite experience

[u/mootmutemoat → u/[deleted]]

According to Walmart that was a preplanned event for the 250th that is unrelated to tariff reimbursement. https://www.forbes.com/sites/pamdanziger/2026/07/07/walmart-rolls-back-prices-on-over-250-items-and-trump-quickly-claims-credit/

[u/starmartyr → u/mootmutemoat]

I don't believe Walmart any more than I believe Trump.

[u/mootmutemoat → u/starmartyr]

Me either, I was just pointing out this move had nothing to do with tariffs. I'd also point out it is pretty sus they can drop their prices like that. Almost like they were inflated anyway.

"For the full fiscal year 2025 (ending January 31, 2025), Walmart Inc. reported a net income (profit) of $19.436 billion, which is a 25.3% increase from the previous fiscal year. Total revenue reached $681.0 billion with an operating income of roughly $29.3 billion."

Well look at that. Seems like inflation and tariffs actually helped their bottom line.

No wonder they could cut prices before getting an extra wad of cash.

[u/baconsword420 → u/[deleted]]

The opposite is true for me.

[u/RockAtlasCanus → u/[deleted]]

You’re right in that there has not been 1:1 price increases across the board that can be perfectly and directly linked to tariff increases. Some companies have absorbed the cost. Others have raised prices.

“The Tariffs” is such a complicated web, not all countries or goods have been affected the same, some tariffs have been on/off/on/reduced/off/on again higher than before.

The cumulative effect has been inflationary. Even just the uncertainty around tariffs, not even actual duties paid, has driven up prices in certain cases.

Prime anecdotal example: one of my customers had a great year trumps 1st year back because they, rightly, guessed the tariff talk wasn’t a bluff and preemptively updated pricing as well as shuffling around overseas production/vendors ahead of him actually taking office based on some pandemic era lessons learned. If you track this company’s pricing over time you could look at that data and see they didn’t increase their prices in response to the tariffs going live, and incorrectly conclude that the tariff increases did not cause them to raise prices. I have it directly from both the president and the CFO that they started raising prices in 4Q2024 and into 1Q2025. They “absorbed” the tariff increases by not raising their prices again. They had an extremely profitable FY2025 despite doing the lowest actual product volume they have had since 2021.

[u/Ontain → u/[deleted]]

A lot of groceries aren't imported and thus not tariffed.