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Greg Ip

πŸ‘€ Speaker
368 total appearances

Appearances Over Time

Podcast Appearances

Marketplace
Who's getting those tariff refunds?

Rachel Brewster is a law professor at Duke.

Marketplace
Who's getting those tariff refunds?

Brewster says in those cases, businesses are going to decide whether to share refunds with their customers based on their relationship.

Marketplace
Who's getting those tariff refunds?

Businesses that do have a lot of competition might be more inclined to share tariff refunds.

Marketplace
Who's getting those tariff refunds?

Lyman Munson is the president of S.L.

Marketplace
Who's getting those tariff refunds?

Munson & Company, which imports metalworking tools from Europe.

Marketplace
Who's getting those tariff refunds?

He says in most cases he baked the cost of tariffs into his prices.

Marketplace
Who's getting those tariff refunds?

But Munson knows his customers have plenty of other tool suppliers they can work with, so he's open to sharing the refunds.

Marketplace
Who's getting those tariff refunds?

But not every business has the leverage to ask for a tariff refund.

Marketplace
Who's getting those tariff refunds?

That's Spiro Papadopoulos.

Marketplace
Who's getting those tariff refunds?

He runs Schlau Restaurant Group, which owns seven restaurants in several states.

Marketplace
Who's getting those tariff refunds?

He says tariffs have raised the prices he's paid for tables, takeout containers, and other supplies and equipment.

Marketplace
Who's getting those tariff refunds?

But the supply chains for those kinds of goods are so long that if Papadopoulos were to ask his supplier for some of that tariff money back...

Marketplace
Who's getting those tariff refunds?

Papadopoulos says at the end of the day, tariffs are still pushing up his costs and pushing up the prices he charges his customers.

Marketplace
Who's getting those tariff refunds?

I'm Justin Ho for Marketplace.

Marketplace
Who's getting those tariff refunds?

It feels like you're kind of on the map as a significant metro area when you have sports teams and when you're an airline hub.

Marketplace
Who's getting those tariff refunds?

The number of direct flights into our airport started decreasing, and that led to a whole bunch of challenges.

Marketplace
Who's getting those tariff refunds?

There's a certain ding to your civic pride that I think carries with us.

Marketplace
Who's getting those tariff refunds?

I'm very concerned any time we lose a homegrown company and they go under and they're the size of Spirit, it'll take the wind out of your sails.

Marketplace
Who's getting those tariff refunds?

And at least for now... The rest of the airlines are picking up flights.

Marketplace
Who's getting those tariff refunds?

JetBlue is picking up routes.