The majority of the sweeping tariffs Donald Trump imposed during his second term face one final litmus test that will determine whether he can continue to levy them – and also whether businesses are eligible for massive refunds.
That potentially dramatic turn in the tariff saga comes after a federal appeals court ruled on Friday that Trump unlawfully leaned on the International Emergency Economic Powers Act (IEEPA) to impose across-the-board duties on countries.
Trump had used those powers to push import tax rates as high as 50% on India and Brazil – and as high as 145% on China earlier this year.
All that money will go to the businesses, you’ll get a coupon for $1 off and a free credit check.
Wouldn’t surprise if this is part of the scam. Put on tarrifs, hike prices. Let the customer pay and then give companies a rebate with tax money. So the average citizen is charged twice. And of course those price hikes will only go partially down. So the consumer keeps getting screwed.
Soon “See, this is yet another example of why we can’t trust the government to do anything right and why we should defund and shutter all of our public institutions.” - moderate pundit on well respected mainstream news channel
The average citizen is charged more than twice when you consider that they’re paying a much higher tax rate than the ultra-wealthy.
You think the price hikes are going down? Lol
It is. Trump has his own stablecoin. That means he needs to hold massive $ reserves. So high rates due to lots of government debt are good for Trump.
And they’ll continue to raise prices. It will become the new “supply chain issues”.