What you'll learn

• 1 (00:22) **The Central Question: Where Are Our Tariff Refunds?** - The episode opens by asking why consumers haven't received any of the billions in tariff refunds the government is paying back to companies after the Supreme Court struck down the tariffs.
• 2 (01:08) **Introducing Amy Choi and Her Playdate Purchase** - Planet Money listener Amy Choi describes the moment she bought a Playdate, a small-batch video game console, and saw a separate tariff charge at checkout.
• 3 (03:43) **The Setup: Panic, a Tiny Company with a Big Tariff Problem** - CEO Cable Sasser of Panic, the company that makes the Playdate, explains how they started manufacturing in Malaysia and were hit hard by the new tariffs.
• 4 (06:49) **The Tariff Line Item and the CEO's Long Note** - Cable explains the company's decision to add a tariff line item, which included a lengthy explanation from the CEO that most customers never clicked on.
• 5 (11:02) **Amy's Joyful Experience with the Playdate** - Despite the tariff, Amy loves her Playdate, describing the joy of playing games like Root Bear and a penguin elevator game, and she stops thinking about the tariff.
• 6 (12:21) **The Supreme Court Ruling and the $170 Billion Question** - The Supreme Court strikes down the IEEPA tariffs, and trade attorney Maureen Thorson explains the massive refund process that follows for companies.
• 7 (14:12) **Why Consumers Are Left Waiting for Refunds** - The host explains the core problem: companies paid the tariffs at the border, so they are the ones eligible for refunds, not the consumers who ultimately paid them.

+ Full timestamped outline available in the app