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.
People haven’t caught on to the grift yet. One of the people in the committee who runs the tariff decisions literally runs a financial/law institution that since the tariffs started, has been contracting with companies to pay a portions (10, 20, 40%) of the tariffs to “ease the load on the companies” but they retain the rights, in the case of what is going on i.e. tariffs being recalled and paid back, to take 100% of the tariff payback.
So a government official is steering the tariff policy to essentially steal money from companies with some alight risk of the tariffs not getting overturned. Crazy grift.
If you have a source for that could you post it?
Sure
https://www.wired.com/story/cantor-fitzgerald-trump-tariff-refunds/
https://thedeepdive.ca/howard-lutnicks-sons-running-his-old-firm-are-betting-against-trump-tariffs/