If Donald Trump loses his Supreme Court fight over tariffs, the US may be forced to return “tens of billions of dollars to companies that have paid import fees this year, plus interest,” The Atlantic reported. And the longer the verdict is delayed, the higher the refunds could go, possibly even hitting $1 trillion.
Get Musk to pay the bill
Once again : tariffs do not help you.
Trump’s Commerce Secretary Loves Tariffs. His Former Investment Bank Is Taking Bets Against Them
A subsidiary of Cantor Fitzgerald, which is run by the sons of US commerce secretary Howard Lutnick, is letting clients essentially bet that President Donald Trump’s tariffs will be struck down in court.
https://www.wired.com/story/cantor-fitzgerald-trump-tariff-refunds/
After i heard the supreme courts initial reaction during oral arguments I was wondering if Vegas bookies started taking bets on it. I imagine so given something like this heh.
What percentage of that money refunded to companies will be given back to the consumers that they passed the costs onto? Hmmmmmmmmm
Zero
But surely the companies would lower their prices once tariffs went away, right?
You mean to tell me that companies would take advantage of a temporary disruption in the markets to justify a permanent price increase? That the rules of our economic model even forbid the lowering of costs? Surely you’ve been mistaken
We’re not mistaken and don’t call me Shirley.
Unfortunately…
They would be “derelict in their fiduciary responsibility to their shareholders” to charge less than we will pay, and what we will pay changed.
And I’m supposed to believe that “I give you fish because you’re hungry and you give me a jacket because I’m cold” is a less-advanced, more primitive model than this?
TrIcKLE dOwN tHo
That’s when we just steal their products for a while until we feel whole.
You guys haven’t been stealing at self checkout for years already? God damn. Do your class duty!
Why do you think Republicans want people talking about dividend checks?
What percentage of that tariff tax hasn’t already been spent on bunkers and ballrooms?
Clarence Thomas’s RV votes “No” on tariff refunds.
The total collected so far is under two hundred billion. We would have gotten more in taxes if we had just taxed the rich and they would have barely noticed it.
They’d have bitched, then gone back to doing every goddamn thing they did before.
Nothing impacts the ultra-rich. A fortune to us, it’s nothing to them.
Not to the companies, to the people. We all know the companies passed the costs on to us.
And we all know that the companies will get the refunds and the people can go fuck themselves. Come on, that’s how it works.
And we all know it will only be the big companies and not a single smaller company
