"Trump Tariff Reversal Falls Short: Refunds Won't Ease Economic Burden The Biden administration's decision to refund billions of dollars in tariffs imposed by the Trump administration is a belated move to undo the damage of a policy that ravaged American businesses and consumers alike. However, a closer look at the refunds reveals that they will not come close to covering the costs incurred by companies and individuals who were forced to absorb the impact of the illegal tariffs. As the economy continues to grapple with the aftermath of Trump's protectionist trade policies, the refunds will provide only limited relief to those who suffered under the weight of the tariffs, leaving many to wonder if the damage has already been done."
The burden of Trump's illegal tariffs was spread across the American economy. The refunds likely won't cover all those costs.