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Jeremy1026yesterday at 2:59 PM4 repliesview on HN

> probably

Hah, we are 100% not getting our money back. And the higher, tariff level, prices aren't going to go back down either.


Replies

intrasightyesterday at 3:23 PM

The "Importer of Record" gets the refund. I read that a large fraction of those importer of record are Chinese companies.

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snarf21yesterday at 3:55 PM

It is almost as if this was a planned wealth transfer that was immensely succesful.

jlaroccoyesterday at 4:11 PM

Yeah, most of us absolutely are not getting our money back.

The importers pay the tariffs, and they might get a refund, but it's unlikely they can distribute the money back to the people who they passed the price increase onto.

Imagine I imported 1 ton of rice and paid the tariff. Then I split that ton of rice into 2000 one pound bags and sold them to two super markets, with a higher price accounting for the tariff. Then one super market decided to absorb the price from their margins and sell it at the same price as before to avoid price shocks. Can I track down the other 1000 purchasers who paid a higher price? Is it even worth it?

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commandlinefanyesterday at 3:01 PM

Did they actually raise prices, though? I haven't noticed any significant jumps; my understanding was that they were absorbing (for the most part) the tariffs for the time being, but planned to raise prices in the near future.

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