I don't think companies have the technology to do tariff refunds at the scale required. They'd have to search their database for every purchase, figure how much was paid by each person, and refund. Paid cash? How can they refund?
The Trump admin said it has refunded about $100 billion of the $166 billion in tariff revenue to corporations that were collected through Trump’s 2025 “liberation day” duties. The Supreme Court scrapped those IEEPA tariffs, & a federal judge ordered the money to be refunded. But companies are ⬇️