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‘We’re Left Behind.’ Some Small Businesses Not Expecting Trump Tariff Refunds
['Jason Bramwell']
CPA Practice Advisor
He estimated the family businesses paid about a 30% increase from tariff-related costs on products from Asia, Europe and Latin America last year.
So far, the government has paid back $81 billion in tariff refunds, according to data from the U.S. Treasury Department released this month.
“Small businesses are just another casualty in this stupid stuff that’s going on.
Energizer Holdings, headquartered in Clayton, is entitled to $67.1 million in tariff refunds, according to Securities and Exchange Commission filings.
The damage was already done for small businesses,” Benmamoun told the Post-Dispatch.