Refunds From the Trump Administration’s Unlawful Tariffs Are a Windfall for Corporate America, Not for Small Businesses or Consumers

New state-by-state CAP analysis finds that the Trump administration’s tariffs cost small-business importers in all 50 states and Washington, D.C., an average of $426,000 more over 18 months—damage that refunds cannot fully undo.

Oct 1, 2026 - 16:00
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Refunds From the Trump Administration’s Unlawful Tariffs Are a Windfall for Corporate America, Not for Small Businesses or Consumers
New state-by-state CAP analysis finds that the Trump administration’s tariffs cost small-business importers in all 50 states and Washington, D.C., an average of $426,000 more over 18 months—damage that refunds cannot fully undo.

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