Arizona coffee roaster Gabe Hagen is wondering if he’ll ever recoup the tens of thousands of dollars he paid in tariffs to import beans from the world’s major coffee-growing regions in South America, Africa and the Indo-Pacific. Weeks after the U.S. Supreme Court struck down President Donald Trump’s emergency tariffs as illegal, Hagen is among an army of small business owners who are unsure…
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Both, if you raise prices you get less sales so tariffs create a new balance between price and sales. For the consumer the price increases by less than the tariffs, for the business the profit margin decreases and so does sales.
Which technically means companies/retailers and consumers should get some refunds.