Quote:The problem of course is that the money goes to the importer who paid the tariff tax and it will be up to them to return some, if any, to the consumer who paid at least a portion due to higher prices.
Amazon, Costco,
Walmart and others have acknowledged publicly that they are under pressure from consumers and consumer organizations to begin refunding some of the money.
But it's apples and oranges between a coin purchase and a Costco or
Walmart purchase.
In the one case that affects me, DHL is probably the importer of record, and then they charged me the tariff. It's very black-and-white as to who owes whom exactly how much. DHL has a process to recover the tariffs and reimburse people.
On the other hand, if we take a bottle of imported wine sold at Costco, here is how that supply chain works:
1. an importer brings the wine in to the U.S. and pays the tariff
2. the importer sells to a wholesaler, and may or may not have passed along the added cost of the tariff
3. the wholesaler sells to a retailer like Costco, and may or may not have passed along the added cost of the tariff.
4. Costco sells the wine to consumers and may or may not have passed along the added cost of the tariff, especially depending on state law.
In the state where I live, the markup charged by Costco is legally mandated to be not less than 50%. That means Costco could not choose to eat any added cost they paid to cover the tariff.
Confusing? Yep. And that's why we can all forget about any refunds from retailers.
Walmart has already said they will lower prices rather than give any refunds.
But "follow the money" is easier for an international coin sale, which is why there is some hope.