Chip Cutter

Do we get refunds back?

Do consumers ask for them?

They're confused.

They felt initially a little bit of a jolt of relief, feeling like, hey, this was good news.

We've been worried about these tariffs for so long.

Now, potentially, they're going away after the Supreme Court ruling.

But of course, President Trump's announcements on Friday and Saturday reiterating that tariffs are still a big part of his agenda, I think has left many executives struggling to understand where do we go from here?

What does this mean for our companies?

Do we get refunds back to consumers asked for them?

Some companies realize they may need to file litigation to get this.

Some lawyers have said that this will not be automatic and perhaps it's going to take longer than many companies might have expected.

Absolutely.

I mean, many companies are really reluctant to even talk about this because they don't want to ruffle the Trump administration, which has staked so much of its economic agenda on these tariffs.

they've really developed this muscle.

Companies have war rooms now that have been built and have stood up now for months and months that just meet regularly to deal with the kind of ever-changing trade parameters.

I talked with the CEO of Boston Consulting Group, Christoph Schweitzer, and he made this point that

Many big multinationals had set up systems and task force and algorithmic models that really let them put in all these different trade parameters and spit out answers sometimes within a matter of hours.

And so he had made the case to me that companies could simulate the output of the U.S.

ruling really quickly.

But if you're a small mom and pop type of business, this is all just really tricky and you're kind of throwing your hands up right now.