Comment by kopirgan

Refunds are very complicated. How does the co even know who bought? As it goes thru several layers of distribution chain. Assuming they want to refund of course. I suppose they will claim they reduced prices (or more likely deferred price increases, how nice!)

And then not all tariff was absorbed by importer - some suppliers would have cut prices to compensate wholly or partly. We would never know as it is likely buried in various other discounts and contract terms not a line item that says "for tariff". Down the chain, others with margins could have done the same. That's probably why the inflation impact was less than scary scenarios painted by some economists.