Trump said he'd 'remember' companies that didn't apply for tariff refunds. Many of them are anyway
Trump's comments about companies not applying for tariff refunds have caused concern among businesses. Despite this, major companies like Walmart and Apple are moving forward with their applications for refunds. Many firms are looking to use any received funds to keep prices low for consumers.
- ▪Trump suggested he would 'remember' companies that don't apply for tariff refunds.
- ▪Walmart confirmed it is seeking refunds but noted the amount is small relative to its overall business.
- ▪Apple plans to reinvest any refund money into U.S. innovation and advanced manufacturing.
Opening excerpt (first ~120 words) tap to expand
When Trump appeared on "Squawk Box" last month, CNBC's Andrew Ross Sorkin said that at the time, Apple was among the companies that had held off on applying for a refund over apparent concerns it would upset the president. In response, Trump said it was "Brilliant if they don't do that.""Actually, if they don't do that, they've got to know me very well," he said. "I'm very honored by what you just said.""If they don't do that, I'll remember them," Trump said.The comments made waves around Washington, where lobbyists and business groups say it initially gave some importers pause over whether to apply for the money they were due.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at US Top News and Analysis.
Discussion
0 commentsMore from US Top News and Analysis
