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Supreme Court strikes down Trump's tariffs

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Re: Supreme Court strikes down Trump's tariffs

#7

Wouldn't he be required to pay everyone back?

Yes and Howard Lutnick's (the commerce secretary) former firm, that his sons manage, is betting on exactly that by buying rebates: https://www.wired.com/story/senators-probe-cantor-fitzgerald...

For those out of the loop, Lutnick is a massive proponent of tariffs.

Re: Supreme Court strikes down Trump's tariffs

#8
post #3

Wouldn't he be required to pay everyone back?

From what I saw on social media, SCOTUS said nothing about refunds, so it would be resolved in lower courts. https://bsky.app/profile/stevevladeck.bsky.social/post/3mfcf...

I suspect Trump will try to make it as difficult and painful for people to get their money back.

Re: Supreme Court strikes down Trump's tariffs

#9

Wouldn't he be required to pay everyone back?

In a just world this would be true. But multiple people from the administration have already talked about how they would resist such a ruling. So what we are probably going to see is obstructionism. They will try to claim that the tariffs are valid under a different set of laws than the one they previously used. Maybe the alternative justification will itself be illegal. But it will linger until the court strike it down separately.

It’s a loophole in the system.

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