Greg Ip
π€ SpeakerAppearances Over Time
Podcast Appearances
Rachel Brewster is a law professor at Duke.
Brewster says in those cases, businesses are going to decide whether to share refunds with their customers based on their relationship.
Businesses that do have a lot of competition might be more inclined to share tariff refunds.
Lyman Munson is the president of S.L.
Munson & Company, which imports metalworking tools from Europe.
He says in most cases he baked the cost of tariffs into his prices.
But Munson knows his customers have plenty of other tool suppliers they can work with, so he's open to sharing the refunds.
But not every business has the leverage to ask for a tariff refund.
That's Spiro Papadopoulos.
He runs Schlau Restaurant Group, which owns seven restaurants in several states.
He says tariffs have raised the prices he's paid for tables, takeout containers, and other supplies and equipment.
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...
Papadopoulos says at the end of the day, tariffs are still pushing up his costs and pushing up the prices he charges his customers.
I'm Justin Ho for Marketplace.
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.
The number of direct flights into our airport started decreasing, and that led to a whole bunch of challenges.
There's a certain ding to your civic pride that I think carries with us.
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.
And at least for now... The rest of the airlines are picking up flights.
JetBlue is picking up routes.