Even though the Supreme Court struck down a large portion of President Donald Trump’s tariff agenda — with a judge later ordering the government to prepare to potentially pay billions of dollars in refunds to importers who paid the tariffs — consumers shouldn’t expect to see any money back.
That’s according to the latest CNBC CFO Council quarterly survey. While 12 of the 25 chief financial officers said their company plans to apply for tariff refunds, none said they intend to directly share that money with customers.
Six of those polled said they did not plan to pass on any portion of the tariff refunds they might receive, seven were not sure and 12 answered “not applicable.”
Ten of the executives in the C-suite said they think it could take a year or longer to receive repayment, and only three of the CFOs expected repayment this year. The other 12 CFOs said they do not plan to apply for tariff refunds.
The CFO Council survey is a sampling of views from chief financial officers at large organizations across sectors of the U.S. economy. CFO Council members took the survey between March 23 and April 2.
