A client once told me, “Tariffs are like a hidden tax until someone asks for the receipt.” Turns out, a lot of companies just asked for theirs, and Washington now owes them about $166 billion. That number is not a rounding error. It is the siz...
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Who Really Wins from the $166B Tariff Refund
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Subscribe23 MAR 2026 / ECONOMY
The US is set to refund companies approximately $166 billion following the Supreme Court's decision to declare tariffs imposed under the International Emergency Economic Powers Act as unlawful. The government is constructing a complex system- called CAPE to manage the refund process, which could potentially lower the cost of certain goods, as companies like Costco signal they might pass on the savings to consumers.
A client once told me, “Tariffs are like a hidden tax until someone asks for the receipt.” Turns out, a lot of companies just asked for theirs, and Washington now owes them about $166 billion. That number is not a rounding error. It is the siz...
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