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.
None of us will see any money refunded. Remember that this is all planned out to make products more expensive for americans, so we get used to the higher prices. Then the companies with hundreds of millions in profit can make more profit when costs for them go down, they keep our prices the same and also SHRINK the size of the product.
Corporations are stealing from Americans every day and politicians are all in on the scam, so no one will do anything about it.
“Look, we lowered prices!” – ignoring that the new “lower” prices are still higher than the pre-tariff prices.