SEATTLE – A consumer-protection lawsuit from Seattle-based law firm Hagens Berman accuses Amazon.com of collecting funds from millions of its customers in response to since invalidated tariffs, passing the buck on rising costs through higher prices.
That is like saying the customer didn’t pay, it was the company they work for.
Not quite. We are actually working for the money being provided, it’s a transaction.
If there is a $20 item a person wants to buy, and there is a $5 tariff on the item, the company then increases the price to $25. The executive order was made illegal, queue the refunds, now the company gets $5 back. They now got $30 for an item that was $20. Obviously skipping all the actual taxes and costs, but you get the idea.
The only actual cost they could argue is the opportunity cost. Someone might not have bought the item because it was $25, but would have bought it if it was $20. But that amount is impossible to know.
Not quite. We are actually working for the money being provided, it’s a transaction.
If there is a $20 item a person wants to buy, and there is a $5 tariff on the item, the company then increases the price to $25. The executive order was made illegal, queue the refunds, now the company gets $5 back. They now got $30 for an item that was $20. Obviously skipping all the actual taxes and costs, but you get the idea.
The only actual cost they could argue is the opportunity cost. Someone might not have bought the item because it was $25, but would have bought it if it was $20. But that amount is impossible to know.