Costco passes $184M in tariff refunds to shoppers via lower prices

Costco received $184 million in tariff refunds in its fiscal fourth quarter — $174 million in refunded duties and $10 million in interest. The retailer is using the money to cut prices on produce, meat, beverages, home furnishings and hardware, with total expected refunds above $500 million.

• Costco got $184M in tariff refunds in the quarter: $174M refunds plus $10M interest
• That is just over a third of expected refunds, which should top $500M
• Price cuts covered produce, meat, beverages, home furnishings and hardware
• Kiel Institute: US consumers and importers bore about 96% of the tariff burden