EP 280: A Leading Economist Weighs In on the SCOTUS Tariff Reversal

We'd love to have your feedback and ideas for future episodes of Retail Unwrapped. Just text us!The recent Supreme Court decision outlawing the “Liberation Day” tariffs has added another level of uncertainty to the financial outlook of American retailers. Join Shelley and Dan Altman, chief economist and bestselling author of the High Yield Economics newsletter, as they zero in on what the ruling will trigger for retailers and consumers. They discuss whether companies will claw back the tariffs they have paid. Dan says that although companies and the government have records of the money that was paid, it could be sorted out but would be extremely messy.  He adds it would be nearly impossible to refund consumers by tracing those purchases to specific people. Ultimately, with the change in tariffs retailers will have higher margins, so, will prices come down? Dan cautions, “We have seen the economy in a sort of paralysis, both in the job market and in investment plans, because people didn't know where these economic policies were going to land. But now we've opened up all this uncertainty again.” This candid conversation puts the challenges facing retailers squarely on the table predicting that small businesses will take the brunt of economic uncertainty over the next 12 months. Listen and learn how an economist clears the air on tariff chaos.Special Guest: Dan Altman, Chief Economist and Bestselling Author, High Yield Economics For more strategic insights and compelling content, visit TheRobinReport.com, where you can read, watch, and listen to content from Robin Lewis and other retail industry experts, and be sure to follow us on LinkedIn and Twitter.