
Supreme Court Refunds: Businesses Get Cash, Consumers Wait
About this episode
Supreme Court ruling opens door for $150B in refunds to U.S. businesses, but consumers left out in the cold. Nintendo faces class action lawsuit for passing tariff costs onto shoppers. Government refunds go only to companies, leaving consumers to fight for their share.
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California News Today | 2 Min News | The Daily News Now! — Supreme Court Refunds: Businesses Get Cash, Consumers Wait. Machine-transcribed; use the interactive transcript above to jump the player to any line.
The Supreme Court just ruled some of President Trump's tariffs illegal, opening the door for over $150 billion in refunds to U.S. businesses. This week marked the first wave of refund requests hitting the federal government. A brand new website launched to guide companies through the process, but expect weights of several months before any cash flows back. Nintendo's one of the big names jumping in after passing those tariff costs onto shoppers for video game gear. Consumers are fired up, saying they got slammed with higher prices on everything from consoles to accessories. Folks notice jumps like on the new switch model and fill the pain adds up quick for loyal fans. Nintendo even admitted the hikes tied straight to tariffs, sparking a class action lawsuit. Shoppers argue if businesses get refunds, customers deserve a cut too since they footed the bill. Governments clear so far, refunds go only to companies, not direct to buyers, leaving legal fights as the next play for everyday people hit by those costs.
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