Nick Martell

Now, it may take months or years to process all these refunds because 330,000 American companies paid tariffs.

Now, small businesses are grateful that they're going to get their money back, but they probably won't believe it until they see it.

Still, it's a cash bonus that's going to make 2026 more profitable than 2025 for businesses that import.

Now, most of us listening are not importer-exporter businesses, Jack.

Looking at you, Art Vandeley.

But these companies did pass the tariffs on to us to make us pay them, so will they pass the refunds on to us, too?

Nope, they won't, Nick.

Only two companies are offering to extend the refunds all the way to the consumers who ultimately paid them.

And Jack, who are those gorgeous, kind, generous companies giving us refunds?

FedEx?

and Costco.

Okay, so Jack, am I going to get two bucks back for that Kirkland Cabernet whose price rose during the trade war, my friend?

Actually, Costco is going to refund us consumers by lowering future prices.

So that Kirkland olive oil may be $2 cheaper the next time you walk through aisle six.

We're not surprised Costco's doing this.

Their religion is taking care of their members.

Now, interestingly, FedEx is doing direct refunds, right, Jack?

What does that look like?

Well, FedEx charged consumers directly for tariffs due because they're a shipping company.

So now it's easy to track those who paid the tariffs and refund them.