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June 2, 2026 6 mins
It's the Positively Pipeman segment of The Adventures of Pipeman bringing you Powerful Business Strategies. Michael Barbarita of Next Step CFO discusses Trump Tariff Rebates – These are only allowed for the importer of record, however if your suppliers used Tariffs as an excuse to increase prices then you deserve some type of rebate or lower price.

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Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:04):
Hi, you have done too, dear censure. Wow for you young.

Speaker 2 (00:19):
This is the Pipe Man here on the Adventures Pipe
Man W four c Y Radio, and I'm very excited
about what we're talking about this week on the Positively
Pipe main segment with Powerful business Strategies. It's the Trump
tariff freebates and Michael Barbarita from Next Step CFO is
here with us to tell us all about it.

Speaker 1 (00:43):
Thank you, Dean. So I'm not gonna get political about Trump.
I'm just gonna say what's happening with respect to the
tariff situation. So the Supreme Court disallowed all those tariffs
that started last April of twenty twenty five. Now only
the importer of record can get the rebate. So what

(01:07):
I'm telling all my clients is anybody who used the
Trump tariffs as an excuse to increase prices, they should
be called and either future purchases come through at a
lower price to make up for that, or get some

(01:29):
type of rebate yourself. Because what happened was is everybody
used as an excuse to increase prices the Trump tariffs,
and now everybody is getting a rebate. Now, when I
say everybody, once again, just the importer of record gets
the rebate, but they receive dollars for the purpose of

(01:51):
to cover those rebates that they I'm sorry to cover
those tariffs that they're now getting rebates on. So anybody
who's used that as in ax, you got to go
back to them and ask them for some type of
rebate or future discounts on prices because you're not going
to get the benefit. You pay for the rebates theoretically

(02:14):
and you're not going to get the benefit. You're not
going to get the benefit from them. So it's really
important that you go back in your thought process or
notes or whatever it is that the reason why people
increase prices, if they were due to the Trump tariffs,
then you deserve a rebate because they are getting them.

Speaker 2 (02:35):
Yeah. You know, it's such an important subject here because
I think people don't really understand the tariffs and the rebates.

Speaker 1 (02:46):
Right, but they paid for them, right right.

Speaker 2 (02:50):
I know this first and from something I bought, you know,
So you know it's I think people need to go
to some body like you that can give them solid
advice from solid research instead of them guessing and then
they end off end up ahead of the game instead

(03:12):
of behind the eight ball.

Speaker 1 (03:14):
Yeah, and one of my clients who followed through and
went back to this there were that particular client had
three or four suppliers who used the Trump rebate as
an excuse to increase prices and went back to them
and didn't get a rebate, but got a great deal
on future purchases for a period of time. So it's

(03:37):
it's important that you follow up because everybody's falling asleep
on it, right if you you know historically what you
paid is you know, it's forgotten and is in the
as in the distant memory, distant past exactly. But I
think a lot of business owners who got who were
given the excuse that the prices went up because of

(03:57):
the Trump tariffs need to push back now. Time to
push back because they're not getting the rebate. Only the
importer is getting the rebate. So whatever that chain is,
and that chain might be two or three levels back,
well you've got to you've got to have your supplier
push back on there on the importer. So if there's

(04:21):
a chain there, potentially, but by the same token you paid,
you're overpaid for something that somebody's going to benefit back,
benefit tremendously on If you don't push back.

Speaker 2 (04:32):
Oh absolutely, without a doubt.

Speaker 1 (04:34):
I know Imagina being that that importer or that you
know that never gets any pushback was able to increase
price and that get some rebate.

Speaker 2 (04:43):
Yeah, exactly. So how can people reach out to you
to get more information about stuff like this and other
things that could be some powerful business strategies for them.

Speaker 1 (04:54):
Well, they just have to go to my website NEXTEPCFO
dot net, go to the contact page. What I'd love
to I would love to give them is a tool
that will that's actually a diagnostic that would give them
a complete assessment of their business in less than five minutes,
with three strategies that they can implement now and the

(05:17):
impact that those strategies should have on their business based
on their input. So if you go to NeXTSTEP CFO
dot net, forward slash contact, fill out the contact page
and put in the words diagnostic, I will send you
that immediately and you could see what type of impact
three new strategies would have that your competition isn't.

Speaker 2 (05:36):
Doing nice and you are definitely the powerful business strategy
expert of the show. And so people need to definitely
reach out and at least just doing an exploratory you
know conversation or you know exchange to see how you
guys can benefit them.

Speaker 1 (05:58):
That'd be great.

Speaker 2 (06:00):
Well, thanks once again for being here on the Positively
Pipemin segment of the Adventures of Pipe Man, and we
look forward to talking to you next week about the
ten percent pricing trap.

Speaker 1 (06:12):
Thanks, Thanks Dave, look forward to it. Thank you for
listening to the Adventures of Pipemin on w for CUI Radio.
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