Alina Seljuk
๐ค SpeakerAppearances Over Time
Podcast Appearances
Ask anyone who sells anything in the U.S.
what's on their mind, and they'll probably say tariff refunds.
government has collected more than $200 billion in tariffs imposed by President Trump, but now the Supreme Court has struck down about half of them.
Anyone who paid those tariffs should get their money back.
And that anyone is often small business owners like Sarah Wells in Virginia.
She sells backpacks and other products for new moms for breastfeeding.
And we not only need the money back, but we need a process to get the money back.
Which she hopes will not require hiring lawyers or brokers.
extensive paperwork or years-long litigation.
Between July and September, the report shows the U.S.
economy growing at a robust pace, accelerating from the growth seen in the previous quarter.
Earlier in the year, the economy had actually shrunk as companies rushed to ship foreign goods ahead of President Trump's global tariffs.
Consumers remain the key engine driving the growth with higher spending, especially on health care.
The report calls out spending on hospital and nursing home services and on prescription drugs.
People also spent more on, quote, information processing equipment.
That could be computer hardware, presumably as part of the AI boom.
At the same time, business and residential investment declined in the third quarter.