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IEEPA Tariff Refunds to Expand, Amazon's Top Sellers Aren't TikTok Shops, Fed Increases Interest Rates
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In this week's edition: a twofer on returns with changes brands are making in Q4 and why return policies are angering customers. Plus details on an upcoming Rhode Island tax amnesty program.


If you need help with your ecommerce accounting, sales tax, inventory management, CFO, or other accounting related issues, let us know.

Top 3

1. [READ] CBP to expand IEEPA tariff processing in October

  • CBP begins processing refunds October 6 for eligible, finally liquidated tariff entries.
  • Roughly $11.4 billion in affected tariffs could fall under this refund phase.
  • Eligibility depends on filing dates and litigation status

2. [READ] Amazon's Top Sellers Aren't TikTok Shop's

  • Only 5% of top 10,000 Amazon and TikTok Shop sellers overlap.
  • TikTok winners are five times more likely to also succeed on Amazon than vice versa.
  • On TikTok Shop, 1% of sellers drive 60% of sales

3. [READ] Fed approves interest rate hike, signals one more to come this year

  • The US Federal Reserve raised rates 0.25% to 3.75%-4%.
  • 16 of 18 Fed officials expect another rate hike this year.
  • Fed forecasts 3.7% inflation this year and doesn't expect to hit target inflation until 2029.

In Other News

[READ] Why the K-shaped consumer is only part of the story

  • US consumers aren’t collapsing at the bottom; higher-income spending is accelerating while others grow more selective.
  • Bottom 50% real disposable income growth outpaced middle- and high-income households from 2015–2025.
  • Consumers are responding to higher prices by buying less and trading toward value.

[READ] FedEx launches Shopify app to combat surprise import charges

  • FedEx’s $99/month Shopify app guarantees duties and taxes shown at checkout, reducing surprise import costs.
  • 68% of SMBs report customers sometimes face unexpected duties, taxes, or fees upon delivery.
  • FedEx covers duty and tax overruns, giving sellers more predictable cross-border costs and customer experiences.

[READ] Only 35% of AI usage time is productive, workers say

  • U.S. employees average 87 minutes daily using AI, equivalent to 47 workdays annually.
  • Just 35% of AI time is immediately productive; 42% goes toward troubleshooting and prompt iteration.
  • Executives spend 101 minutes daily using AI, nearly twice other employees’ 54 minutes.

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