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Judge orders government to begin refunding more than $130B in tariffs

wsj.com

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Re: Judge orders government to begin refunding more than $130B in tariffs

#481

Post by laweijfmvo »

cvoss wrote: post #174
throwaway667555 wrote: post #92

I'm gonna have a stroke. The Congressional Budget Office found that consumers paid 70-80% of the tariffs, totaling more than $1000 per household. Where is my refund?

You did not pay the tariffs. You bore the cost of the tariffs. Those are not the same thing. The refund is due to the party that got the bill for the tariff and paid it-- the importer. What you paid for was for the business not to go bankrupt while this was occurring. If the business wants to refund you for that, they can choose to do so. But you are not owed a refund.

i personally paid, to UPS and DHL iirc, tariffs. so maybe i wasn’t actually directly billed the tariff as the importer, but i 100% paid it.

Re: Judge orders government to begin refunding more than $130B in tariffs

#482

Post by reskewed »

rayiner wrote: post #105
satvikpendem wrote: post #30

Cantor Fitzgerald, formerly led by Commerce Secretary Howard Lutnick and is now run by his son, went to various companies that were affected by tariffs and bought the rights to their potential tariff refunds for 20% of the value on the expectation that it'd be struck down by the courts. Now they stand to make huge returns of 3 to 5x for being correct on that bet, while, of course, consumers get nothing. Now if this i…

Cantor Fitzgerald is sleezy, but you’ve got the reason wrong. They’re sleezy because they bet against the administration. But it’s not “insider trading.” They didn’t have insider information on how the courts were going to rule—especially where it was a 6-3 split with three conservatives siding against the administration. And a split in the appellate court as well, with two republican and two democrat appointees sidi…

[dead]

Re: Judge orders government to begin refunding more than $130B in tariffs

#483

Post by I-M-S »

hollywood_court wrote: post #377
microtonal wrote: post #308

Earlier quoted context omitted.

Astronomical tariffs in some cases, trade wars and dramas, alienate all allies and from all of this they got only $130B ? Maybe that was never the point. You present it as retaliation against 'countries that are out to get us'. Introduce the tariffs, companies pay the tariffs by increasing prices for consumers, get the inevitable loss in court, return the tariff money to the companies. You just transferred $130B of w…

Sounds like the opposite of trickle down economics.

Trickle down economists were right, they just got the direction wrong

Re: Judge orders government to begin refunding more than $130B in tariffs

#484

Post by foxyv »

microtonal wrote: post #308
trymas wrote: post #256

Side topic, but this number puts into how crazy it was for trump[0] to go on tariff war against enemies and friends alike. All the propaganda and extortionist language about how all countries will pay up to USA. Astronomical tariffs in some cases, trade wars and dramas, alienate all allies and from all of this they got only $130B ? $7T of spending, $1.77T in deficit[1] and they planned to fix this hole with $100B?! M…

Astronomical tariffs in some cases, trade wars and dramas, alienate all allies and from all of this they got only $130B ? Maybe that was never the point. You present it as retaliation against 'countries that are out to get us'. Introduce the tariffs, companies pay the tariffs by increasing prices for consumers, get the inevitable loss in court, return the tariff money to the companies. You just transferred $130B of w…

They also put out of business a bunch of upstart businesses that could threaten their oligopoly. In addition they acquired huge tracts of agricultural land for cheap from all the farms that went bankrupt.

Re: Judge orders government to begin refunding more than $130B in tariffs

#486

Post by I-M-S »

throwaway667555 wrote: post #172
jonlucc wrote: post #160

Earlier quoted context omitted.

In practice, the entities who gave money directly to the US government are the ones who paid the tariff. Those entities should be pressured to refund the consumers, but in practice, that's unlikely. I (unknowingly) ordered something on Etsy from another country. UPS delivered the items, then sent me a letter requiring I pay the tariff and an extra tariff handling fee. UPS paid the government, so UPS should get their…

Economically it is a direct redistribution of wealth. In crisis times, Congress acts swiftly to cure wrongs against corporations. What about this wrong against every single household?

"The West, so afraid of strong government, now has no government, only financial power."

Re: Judge orders government to begin refunding more than $130B in tariffs

#487

Post by levzettelin »

trymas wrote: post #256

Side topic, but this number puts into how crazy it was for trump[0] to go on tariff war against enemies and friends alike. All the propaganda and extortionist language about how all countries will pay up to USA. Astronomical tariffs in some cases, trade wars and dramas, alienate all allies and from all of this they got only $130B ? $7T of spending, $1.77T in deficit[1] and they planned to fix this hole with $100B?! M…

> Astronomical tariffs [...] and from all of this they got only $130B ?

Which is it? A number can't be small and large at the same time.

Re: Judge orders government to begin refunding more than $130B in tariffs

#488

Post by abustamam »

satvikpendem wrote: post #30

Cantor Fitzgerald, formerly led by Commerce Secretary Howard Lutnick and is now run by his son, went to various companies that were affected by tariffs and bought the rights to their potential tariff refunds for 20% of the value on the expectation that it'd be struck down by the courts. Now they stand to make huge returns of 3 to 5x for being correct on that bet, while, of course, consumers get nothing. Now if this i…

The CF rabbit hole is wild. Somehow he manages to make a lot of money during tragedies and economic downturns.

I don't buy into the conspiracies, but it is quite odd how he always manages to come up on top.

https://www.reddit.com/r/911archive/comments/1r5rkk3/howard_...

Re: Judge orders government to begin refunding more than $130B in tariffs

#489

Post by seanmcdirmid »

NetMageSCW wrote: post #334
seanmcdirmid wrote: post #84

Earlier quoted context omitted.

They could have used inside government legal analysis that other people didnt have. You could have predicted this with higher certainty if you knew the justices well enough.

Coulda woulda shoulda. They could have just been smarter than average and found an angle others didn’t see that paid off for them.

Ya, that's why this will be impossible to show off as insider trading.

Re: Judge orders government to begin refunding more than $130B in tariffs

#490

Post by ok_dad »

satvikpendem wrote: post #30

Cantor Fitzgerald, formerly led by Commerce Secretary Howard Lutnick and is now run by his son, went to various companies that were affected by tariffs and bought the rights to their potential tariff refunds for 20% of the value on the expectation that it'd be struck down by the courts. Now they stand to make huge returns of 3 to 5x for being correct on that bet, while, of course, consumers get nothing. Now if this i…

Similar to how Noem gave a contract for 143 million to an 8 day old company with an address at her former political operative’s home.

The admin is just here to literally steal tax dollars.

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