So the Supreme Court ruled the previous tariffs were illegal. The importers are then able to attempt to get restitution for the tariffs that were collected since they went into effect, it will likely be a convoluted process, but the paid them, and thus are able to get them back.
Meanwhile the prices were raised downstream and the citizens pay them, and won’t see a cent.
Now there are likely to be new 10% tariffs across the board, possibly result in another round of price hikes for the consumers! Ah, America! 🇺🇸what a crap hole
The companies couldn’t afford the tariffs in the first place so took on massive debt then Howard Nutlick’s sons who are in charge of a company that he previously ran offered to buy up tariff rebates for pennies on the dollar from those companies
Companies took those pennies on the dollar to pay down the debts that they had to take on for the tariffs but now Nutlick’s sons will get the tariff rebate of not the company.
The importers are then able to attempt to get restitution
They can certainly try. Idk how long they’ll need to wait before the Treasury starts cutting rebate checks.
Meanwhile the prices were raised downstream
The tariff rates far exceeded the inflation rate. And inflation has been driven by a host of non-tariff factors - AI driven chip shortages, supply chain disruptions at the Suez and the Panama canal, labor shortages driven by our pogrom against migrants.
Trump policy is shit. But it isn’t exclusively bound up in the tariffs. If anything, his tariff policies seem to be his least disastrous, as there’s been some degree of insourcing as a result
So the Supreme Court ruled the previous tariffs were illegal. The importers are then able to attempt to get restitution for the tariffs that were collected since they went into effect, it will likely be a convoluted process, but the paid them, and thus are able to get them back.
Meanwhile the prices were raised downstream and the citizens pay them, and won’t see a cent.
Now there are likely to be new 10% tariffs across the board, possibly result in another round of price hikes for the consumers! Ah, America! 🇺🇸what a crap hole
The companies couldn’t afford the tariffs in the first place so took on massive debt then Howard Nutlick’s sons who are in charge of a company that he previously ran offered to buy up tariff rebates for pennies on the dollar from those companies
Companies took those pennies on the dollar to pay down the debts that they had to take on for the tariffs but now Nutlick’s sons will get the tariff rebate of not the company.
https://www.newsweek.com/howard-lutnick-sons-may-make-money-supreme-court-ruling-tariffs-11558345
They can certainly try. Idk how long they’ll need to wait before the Treasury starts cutting rebate checks.
The tariff rates far exceeded the inflation rate. And inflation has been driven by a host of non-tariff factors - AI driven chip shortages, supply chain disruptions at the Suez and the Panama canal, labor shortages driven by our pogrom against migrants.
Trump policy is shit. But it isn’t exclusively bound up in the tariffs. If anything, his tariff policies seem to be his least disastrous, as there’s been some degree of insourcing as a result
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