Trump’s tariffs slashed jobs and wage growth. Now companies are funneling their chunk of the $100 billion in refunds to supplement workers’ retirement

Following the Supreme Court’s overturning of Trump’s IEEPA tariffs, over $100 billion in import tax refunds have been distributed to American importers since May. Companies like Williams Sonoma and TJX are allocating portions of these funds to employee bonuses and retirement account contributions. Manufacturing lost more than 100,000 jobs during the first year of Trump’s second term, while analysts note tariffs also suppressed wage growth. Economists forecast long-term stock price reductions ranging from 7.33% to 10.13%.

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