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Trump's global tariffs struck down by US Supreme Court

bbc.com

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Re: Trump's global tariffs struck down by US Supreme Court

#521

Post by wat10000 »

Marsymars wrote: post #449
WillPostForFood wrote: post #372

Earlier quoted context omitted.

Serious question - what do you think the kids should do when their parents get political positions, not work?

The responsibility is on the parent; the parent should recuse themselves from decisions or discussions where there could be a conflict of interest involving their family members.

Or better yet, the parent should not be appointed to the position in the first place. If members of your immediate family occupy important positions in the industry you'd be involved with, then you don't get the job. Very easy solution, if the people in power were willing to do it.

Re: Trump's global tariffs struck down by US Supreme Court

#522

Post by onlyrealcuzzo »

sowbug wrote: post #118
sc68cal wrote: post #71

Earlier quoted context omitted.

The importer pays the tax and passes it on as higher prices to the consumer. So the importers are the one that had the tax collected from them and would be getting the refund. The importer CAN be the seller, but other times the importer is a middleman in the supply chain.

To the CPAs among us: will the refunded import taxes be treated as extra profit for all the importers who paid them? I could see an argument that they don't have a legal obligation to pass the refunds on to their customers, any more than my local grocery store owes me 5 cents for the gallon of milk I bought last year if the store discovers that their wholesaler had been mistakenly overcharging them.

I got charged a $600 tariff from UPS to ship a $30 25-pound sandbag into the US from Canada.

UPS didn't even deliver the product.

I'm suing them in small claims.

We'll see what happens.

I imagine that even after the ruling, our ass backwards legal system will somehow say this makes sense, even though the tariff rate was never near high enough for that bill to make any sense.

Further, they're going to get refunded the $10 it MIGHT have cost them.

Re: Trump's global tariffs struck down by US Supreme Court

#524

Post by wat10000 »

BurningFrog wrote: post #294
uncletomscourt wrote: post #89

Earlier quoted context omitted.

You think at some point america would get sick of having a billionaire gang of thieves in charge. Trump just gave himself a $10 billion dollar slush fund from taxpayers. Who stopped him? No one. This amount of money will buy you one great den. Noem wants luxury jets from the taxpayer. So. Much. Winning.

America is pretty sick of both parties. Had the Democrats ran a half decent candidate, they could easily have won. But they're just not capable of doing that.

They did run a half decent candidate. Trouble is, too many people insist on so much more. If it's not the zombie of JFK they're staying home.

Re: Trump's global tariffs struck down by US Supreme Court

#526

Post by jleyank »

xnx wrote: post #325
jleyank wrote: post #70

Earlier quoted context omitted.

Seller wasn’t involved in the tariffs. Rather the importer paid them, etc.

Who pays the importer?

Seller doing the importing, so they pay the foreign entity for their goods and sends the appropriate cut to the US Government. At that point, they either eat the additional cost of business or make their customers do so. Or something in between.

Tariffs are like a national sales tax.

Re: Trump's global tariffs struck down by US Supreme Court

#527

Post by goldfish3 »

dmix wrote: post #455
linuxhansl wrote: post #301

Finally some sanity. The administration has use laws about "national security" and other so call "emergencies" to impose tariffs. If everything is an emergency then nothing is, and that was clearly not congress' intention with those laws. The power to impose tariffs rests with the legislator, not the executive. Of course our congress is effectively useless - we can thank decades of Mitch McConnell's (and others) "not…

The most dangerous part of the current admin is the fealty he demands from congress and how exploits his popularity to be a kingmaker in local elections. This is something FDR did heavily in the 1930s to expand his own power and bully congress into passing the New Deal. https://www.ebsco.com/research-starters/history/purge-1938 He also used legally questionable executive orders like crazy.

Can always count on HN to mindlessly equivocate.

Re: Trump's global tariffs struck down by US Supreme Court

#528

Post by rtkwe »

xnx wrote: post #57

Am I understanding this right? 1) US customer pays huge import tax on imported goods in the form of higher prices. 2) Seller sends the collected tax to the US government 3) US government will refund all/most of that tax back to the seller after this ruling 4) Seller gets to keep the returned tax money as pure profit (no refund to customer)

Sometimes the consumer (more) directly pays when buying from overseas, most of the time you're right it gets rolled into the price at checkout if the company is large enough or just in larger prices buying in the US. I've had a few packages I had to pay extra import duties on with the UPS/FedEx agent fees tacked on top mostly kickstarters.

Re: Trump's global tariffs struck down by US Supreme Court

#529

Post by dylan604 »

zeroonetwothree wrote: post #429
dylan604 wrote: post #120

Earlier quoted context omitted.

Sure, but now SCOTUS can say they are not a rubber stamp for POTUS. "See, we just ruled against him. Sure, it's a case that doesn't really solve anything and only causes more chaos, but we disagreed with him. This one time."

When they rule for Trump it’s proof they are just a rubber stamp. When they rule against Trump it’s somehow also proof they are a rubber stamp?

How do you get that from what I wrote?
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