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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

#611

Post by hunterpayne »

lokar wrote: post #321
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…

Friends? America has no friends, only client states.

Countries don't have friends, they have interests. Welcome to geopolitics, first day huh...

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

#612

Post by omgJustTest »

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…

i've said this is better than tax breaks.

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

#613

Post by buzzerbetrayed »

jmward01 wrote: post #277

The people harmed here were the US public and they are just going to continue to be harmed. The right answer is people go to jail. Until people start going to jail, being disbarred, etc, this will keep happening. This isn't a remedy. This is continuing the cycle.

[flagged]

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

#614

Post by ianburrell »

epolanski wrote: post #470
duxup wrote: post #96

Absolutely absurd that we’re at this point. The courts / SCOTUS let the government roll out a massive and obviously illegal tax on citizens for a long time. They should have stepped in earlier. Now we the people probably don’t get our money back….

> Absolutely absurd that we’re at this point. It's not really, this is the result of having a flawed democratic system. What do Turkey, Philippines, Russia, Belarus, Hungary, Nicaragua, etc and now US have all in common? They are ALL presidential or semi-presidential republics where a single person "rules" without needing to face opposition in a parliament nor even requiring support from its own party. Winner-takes-a…

Hungary is a parliamentary republic, Orban is the Prime Minister. Turkey was parliamentary system until was changed in 2017 to presidential system with more power for Erdogan.

I agree about parliamentary systems being better, but they are still vulnerable. It doesn't matter if the electorate is in favor of strongman.

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

#615

Post by robotresearcher »

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.

Similarly, the importers voluntarily paid the tariffs. They could choose to go out of business, go to jail, be sued into bankruptcy, or pay. Totally at their discretion.

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

#617

Post by ks2048 »

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…

> they planned to fix this hole with $100B?!

No one is or ever was planning on fixing any "holes".

Trump is drilling holes all over the boat and taking what he can.

After he's dead, others will have to deal with the sinking ship.

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

#619

Post by loeg »

mejutoco wrote: post #384
aduffy wrote: post #281

Earlier quoted context omitted.

They need to refund it *with interest*, according to filings cited in the article.

6-7 percent interest.

SOFR is only around 3.7%. And it's, you know, an annualized rate. The earliest liberation day tariffs are only around 11 months old at this point.

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

#620

Post by loeg »

guywithahat wrote: post #568
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…

I mean 130 billion is a significant amount of money, and it's more remarkable given the tax is unnoticeable to the average consumer and primarily impacted foreign manufacturers (either forcing them to move to the US or more friendly countries). The deficit wasn't built in two years and I don't think it could be solved in two years either.

> it's more remarkable given the tax is unnoticeable to the average consumer

The idea that consumers don't notice higher prices is wild.

> and primarily impacted foreign manufacturers

Also not true?

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