CFO Survey: 25% of Companies Plan Tariff Refund Applications

The CNBC CFO Council survey indicates that 12 out of 25 chief financial officers plan to apply for tariff refunds following a Supreme Court decision. However, none of the CFOs intend to pass on these refunds to consumers directly. Ten executives believe it may take over a year to process repayments, while only three expect them this year. The legal issues surrounding tariffs are ongoing, with Trump announcing new global tariff rates of 10% to 15% under Section 122 of the Trade Act of 1974.