Colorado-based shoemaker Crocs, Inc. slapped the Trump administration with a $54 million lawsuit, claiming the president overstepped his authority with emergency tariffs that have cost the company hundreds of millions over the last two consecutive quarters.The footwear giant filed the suit Friday in...
  • BlindFrog@lemmy.world
    8·
    10 months ago

    Just outta curiosity, where does the number before the word lawsuit come from? What is the $54 million calculated from, and why isn’t it the hundreds of millions that the tarrif stupidity cost the company?

    Edit: sorry, I have habit of not reading @.@
    $54 million is what Crocs paid in duties, and they’re asking for this amount back plus interest plus a pinky promise that they will never be hurt this way again. That’s all I got from the article

  • RememberTheApollo_@lemmy.world
    3·
    10 months ago

    Companies want trump to get rid of taxes and regs.

    They get just that. Profit. Regular people screwed.

    Didn’t count on the insanity of trade wars and tariffs. Regular people screwed.

    Sue. What happens if they win?

    Tariffs change. Record profits. Rich get richer again. Regular people screwed.