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.
Trump's global tariffs struck down by US Supreme Court
711–720 of 1001 posts
Re: Trump's global tariffs struck down by US Supreme Court
#712That's unfortunate - it was mostly a tax on the rich!
Re: Trump's global tariffs struck down by US Supreme Court
#713Earlier quoted context omitted.
Except that isn’t relevant at all. This Supreme Court is completely cooked. If the case was “can Trump dissolve New York as a state” you would still have 3 justices siding in his favor with some dog shit reasoning.
Read the opinions. Both are pretty reasonable. I think the dissent has a good point that a plain language interpretation of the term "regulate imports" would seem to include tariffs. The bigger issue I think is that that statute exists in the first place. "Emergency powers" that a president can grant himself just by "declaring an emergency" on any pretense with no checks or balances is a stupid idea.
If giving the US President unlimited and arbitrary authority as long as they can claim it was useful for meeting a legal obligation created by Congress were the correct interpretation then we need look no further than the "Take Care" clause of the US Constitution, where the US President is given the obligation to take care that all laws are faithfully executed -- which, with this interpretation, would mean that any action would be under the purview of the US President as long as they could claim at doing that action resulted in the laws being faithfully executed.
Re: Trump's global tariffs struck down by US Supreme Court
#714Useful site for daily tariff updates: Trade Compliance Resource Hub.[1] They've marked which tariffs are now invalid and which are still valid. [1] https://www.tradecomplianceresourcehub.com/2026/02/20/trump-...
Re: Trump's global tariffs struck down by US Supreme Court
#715Earlier quoted context omitted.
Many are beyond furious
Many voted for this
I can otherwise understand how people would agree on paying more for their stuff if it allows their fellow citizens to have a job.
Re: Trump's global tariffs struck down by US Supreme Court
#716Great news for people who had to bend over backwards pretending this disruptive, nakedly corrupt behavior was "good, actually." But unfortunately, there are other channels for them to effectively do the same thing, as discussed in oral arguments. So still not a major win for American manufacturers or consumers, I fear.
Re: Trump's global tariffs struck down by US Supreme Court
#717Am 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)
Re: Trump's global tariffs struck down by US Supreme Court
#718Finally 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…
We're currently in the midst of 51 ongoing "national emergencies" [1], dating back to at least Carter. I think something that the next great empire will learn from is to limit emergency powers as well as the ability to create emergency powers, because in spite of their name they inevitably end up becoming normalized and just used as regular powers. The description of some of those emergencies is comedic: "Declared a…
It was to stave off a bank run at the beginning of the great depression, and it was only done as a temporary measure so that Congress had time to write the long term legislation which they did 4 days later on March 9th.
Re: Trump's global tariffs struck down by US Supreme Court
#719Earlier quoted context omitted.
Ah,yes, british constitutional law. In a country where no parliaments can bind its successors it means there is no constitution and the constitutional law is a polite fiction poorly held together with tradition and precedent.
it's not perfect, but it's a hell of a lot better than the US system
Re: Trump's global tariffs struck down by US Supreme Court
#720Am 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)
Elections have consequences.