SCOTUS ruling on Tariffs

[TankTop5]

So there’s potentially $200 billion in refunds owed, but to who? The refunds will go to importers, but they already passed those costs along to consumers. This is going to be free money for the porters with a few small exceptions. Every day people just paid to make large corporations wealthy at their own expense due to government policies. Congratulations.

 

[dolynick]

It was pretty obvious right from the start that it was the US consumer who was going to be paying the cost of the tariffs. Despite what those in charge claimed. This is just extra gravy on top.

 

[TankTop5]

It was pretty obvious right from the start that it was the US consumer who was going to be paying the cost of the tariffs. Despite what those in charge claimed. This is just extra gravy on top.

I hope there’s some sort of negotiated repayment like tax credits over years and not simply huge cash settlements. Kavanaugh’s dissent states Trump can simply apply different statutes and continue the tariffs but the roughly $200 Billion will eventually get refunded. If we don’t see immediate reduction in consumer pricing I’ll be pissed… I think I’m gonna be pissed

 

[mtrycrafts]

SCOTUS is partly at fault for allowing the tax to continue while they were deliberating.
At least the amount may have been easier to swallow?

 

[TankTop5]

SCOTUS is partly at fault for allowing the tax to continue while they were deliberating.
At least the amount may have been easier to swallow?

It’s a terrible ruling as they Vacated and Remanded most of it sending it back to circuit courts. It’ll be litigated there and the International Trade court hence Kavanaugh’s statement on it being messy. End of the day consumers won’t see relief and corporations get a windfall of free money. 07 bailout again but to a different sector of the economy.

 

[3db]

It’s a terrible ruling as they Vacated and Remanded most of it sending it back to circuit courts. It’ll be litigated there and the International Trade court hence Kavanaugh’s statement on it being messy. End of the day consumers won’t see relief and corporations get a windfall of free money. 07 bailout again but to a different sector of the economy.

Yup, the little guy gets f?cked over again as per usual.

 

[TLS Guy]

It was pretty obvious right from the start that it was the US consumer who was going to be paying the cost of the tariffs. Despite what those in charge claimed. This is just extra gravy on top.

Of course, but Trump is "pig dribble" stupid and demented to boot. He never reads a relevant document or history. He does not know the disastrous history of tariffs.