Big-Box Briefing: Retailers get direct tariff relief. Their shoppers likely won’t

Tariff refunds are great news for the corporate balance sheets of big-box retailers, and less so for consumers tightly squeezing their wallets.

Over the last several weeks, major retailers have begun reporting refunds they have received from the Trump administration. This follows the Supreme Court ruling in February that found tariffs imposed under the International Emergency Economic Powers Act (IEEPA) to be illegal. The administration has refunded about $100 billion in tariff revenue, according to CNBC.

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