SF businesses wonder what Supreme Court ruling means after striking down Trump's sweeping tariffs
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SF businesses wonder what Supreme Court ruling means after striking down Trump's sweeping tariffs
"I want something stable so we can have better planning what to do. Last year we talked about 54% and 100% and 120%. We don't know what to do at that time,"
"In the past ten months it's around $17,000 or $18,000 in tariffs that we paid,"
"Because if you passed on the costs to the customers, shouldn't the people of America be getting that refund as well. So it's really complicated. I don't know ho"
The Supreme Court declared the reciprocal tariffs illegal. Economists note that most tariff costs were paid by American consumers and businesses. San Francisco businesses reported sharply increased shipping and import expenses while the tariffs were in effect. Asia Star Fantasy’s owner said higher shipping costs created planning uncertainty after discussions of large tariff percentages. A K‑Pop store owner reported roughly $17,000–$18,000 in tariffs over ten months. Many businesses are seeking reimbursement from the federal government, but recovering funds will be complicated where costs were passed on to customers.
Read at ABC7 San Francisco
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