Even before the Supreme Court issued its ruling, hundreds of American businesses had prepared to pursue tariff refunds by hiring lawyers, filing lawsuits or submitting official claims to get tariff refunds. We Pay the Tariffs, a coalition of over 800 small businesses, called for fast refunds.
“A legal victory is meaningless without actual relief for the businesses that paid these tariffs,” the group said in a statement. “The administration’s only responsible course of action now is to establish a fast, efficient, and automatic refund process that returns tariff money to the businesses that paid it.”
The U.S. Court of International Trade will ultimately manage that process. But refunds are not automatic. Any importer that wants its money back must sue individually.
Sue for not only the money back, but legal fees and damages. Oh boy, this is going to be a disaster and the courts are going to be clogged for years. Good job republicans, once again, well done. Outstanding work… as always. Brilliant. Just superb governing. Above and beyond idiocy.
To add, refunds are only going back to the businesses that directly paid the tariffs. But those businesses were already offsetting the costs of their goods to counterbalance them.
Outside of a few more consumers being priced out, a business playing their cards right may not have actually had too much of a hit to their bottom line under tariffs. But now, in addition to the profits they made by increasing prices to offset the tariffs, they’re going to get refunded the cost of the tariffs anyways.
So the one left holding the bag ends up being the American consumer and taxpayer, who has spent all of Trump’s presidency struggling to afford basic goods, and will not see any returns from the tariffs either, as all of it comes right back out of tax revenue.
Not that the American public were likely to see any tax relief or benefit from the tariffs in the first place, mind.
Sue for not only the money back, but legal fees and damages. Oh boy, this is going to be a disaster and the courts are going to be clogged for years. Good job republicans, once again, well done. Outstanding work… as always. Brilliant. Just superb governing. Above and beyond idiocy.
To add, refunds are only going back to the businesses that directly paid the tariffs. But those businesses were already offsetting the costs of their goods to counterbalance them.
Outside of a few more consumers being priced out, a business playing their cards right may not have actually had too much of a hit to their bottom line under tariffs. But now, in addition to the profits they made by increasing prices to offset the tariffs, they’re going to get refunded the cost of the tariffs anyways.
So the one left holding the bag ends up being the American consumer and taxpayer, who has spent all of Trump’s presidency struggling to afford basic goods, and will not see any returns from the tariffs either, as all of it comes right back out of tax revenue.
Not that the American public were likely to see any tax relief or benefit from the tariffs in the first place, mind.