It's already posted here https://tildes.net/~society/1ssq/us_supreme_court_strikes_down_donald_trumps_sweeping_tariffs_upending_central_plank_of_economic and here...
Two things I want to know about: Will businesses be refunded? How about those that have since gone under, like smaller businesses? Will they get that money back? Not even going to ask if consumers...
Two things I want to know about:
Will businesses be refunded? How about those that have since gone under, like smaller businesses? Will they get that money back? Not even going to ask if consumers will be refunded; this is America after all.
What happens to reciprocal tariffs applied to the US from other countries? I understand that tariffs against the US are paid by those countries' respective citizens/businesses. But given the US stance towards trade partners, couldn't those countries just leave the tariffs up as a deterrent to trade with the US (which affects US biz), until they get something they want from the US? Gonna need a lotta popcorn for this one. Luckily we grow lots of corn in the US!
Ya. Other countries can do whatever they want; this ruling doesn't affect them at all. Regardless of what the USA does, the damage is done already: Canada is making trade aliances with other...
But given the US stance towards trade partners, couldn't those countries just leave the tariffs up as a deterrent to trade with the US (which affects US biz), until they get something they want from the US?
Ya. Other countries can do whatever they want; this ruling doesn't affect them at all.
Regardless of what the USA does, the damage is done already: Canada is making trade aliances with other countries (including China). China is buying soy from anywhere but the USA and that's not going to change. NATO members are creating new defence pacts that don't involve the USA. Many countries now have concerns over US defence products. Several European governments are trying to switch away from Microsoft products due to concerns over digital sovereignty. Europe is also working on a new payment system to completely cut out american payment processors (Visa, MasterCard, Paypal). This is just part of what's going on I guess.
What I would like to see is for people to start cutting out American media consumption as well as stop using US tech products/services. Media is a huge industry for the US and helps keep them culturally relevant while the tech industry is also large and is throwing in with Trump at the moment.
Yeah as much as I hate it -- as an American -- the world needs to fuck us. And not in the fun, consensual way. At this point, I am an adherent to the "touching the stove" theory of...everything....
Yeah as much as I hate it -- as an American -- the world needs to fuck us. And not in the fun, consensual way. At this point, I am an adherent to the "touching the stove" theory of...everything. There are some of us who don't need to touch the stove to understand it's hot (ignore the fact that as like a 7yo child, I once reached into an oven to touch the glowing orange heating element). But apparently like 30-40% of my compatriots need to do so -- potentially repeatedly -- so they may learn the lesson. I am not very confident they will learn, but I don't know what else will work at this point.
In theory everyone that paid a tariff would be refunded yes. If that's rolled into and hidden as the regular price you're probably out of luck as the consumer so the seller can double dip on this....
In theory everyone that paid a tariff would be refunded yes. If that's rolled into and hidden as the regular price you're probably out of luck as the consumer so the seller can double dip on this.
As an aside, pretty sure Lutnick was buying up tariff debt as a way to gamble that it would be overturned by the Supreme Court. Great way to profit from the people you're supposed to serve.
I saw that about Lutnick. These people are the fucking scummiest. Drain the swamp...They -- "we," as voters -- made it bigger and deeper. So tired of this country...
I saw that about Lutnick. These people are the fucking scummiest. Drain the swamp...They -- "we," as voters -- made it bigger and deeper. So tired of this country...
The Supreme Court on Friday struck down President Donald Trump’s sweeping tariffs — a major repudiation of a core piece of Trump’s economic program.
The 6-3 decision is a rare instance of the conservative-led court reining in Trump’s expansive use of executive power. Chief Justice John Roberts and Justices Amy Coney Barrett and Neil Gorsuch joined the court’s three liberals in the majority.
“The President asserts the extraordinary power to unilaterally impose tariffs of unlimited amount, duration, and scope. In light of the breadth, history, and constitutional context of that asserted authority, he must identify clear congressional authorization to exercise it,” Roberts wrote, declaring that the 1977 law Trump cited to justify the import duties “falls short” of the Congressional approval that would be needed.
The ruling wipes out the 10 percent tariff Trump imposed on nearly every country in the world, as well as specific, higher tariffs on some of the top U.S. trading partners, including Canada, Mexico, China, the European Union, Japan and South Korea.
Several of those countries have entered trade agreements with the U.S. — and before the ruling indicated that they would continue to honor those agreements.
That is because the victory for the 12 Democratic-run states and small businesses that challenged Trump’s tariffs is expected to be short lived. The White House has signaled it will attempt to use other authorities to keep similar duties in place.
[...]
It undercuts his ability to impose tariffs on a whim to address geopolitical conflict — like a threat to impose tariffs on countries that do business with Iran — and to threaten tariffs as he tries to gain a better negotiating position — like his tariff threats in an attempt to acquire Greenland. Businesses had decried those “national security” tariff threats for fueling economic uncertainty, but the administration said they were necessary for achieving its policy goals.
[...]
The federal government could now be forced to issue billions of dollars in refunds to companies that paid the tariffs the high court ruled illegal. Many companies have already sued to protect their refund claims in the event the court struck down the Trump tariffs.
It's already posted here https://tildes.net/~society/1ssq/us_supreme_court_strikes_down_donald_trumps_sweeping_tariffs_upending_central_plank_of_economic and here https://tildes.net/~society/1sq9/weekly_us_politics_news_and_updates_thread_week_of_february_16#comment-hd7u
Two things I want to know about:
Will businesses be refunded? How about those that have since gone under, like smaller businesses? Will they get that money back? Not even going to ask if consumers will be refunded; this is America after all.
What happens to reciprocal tariffs applied to the US from other countries? I understand that tariffs against the US are paid by those countries' respective citizens/businesses. But given the US stance towards trade partners, couldn't those countries just leave the tariffs up as a deterrent to trade with the US (which affects US biz), until they get something they want from the US? Gonna need a lotta popcorn for this one. Luckily we grow lots of corn in the US!
Ya. Other countries can do whatever they want; this ruling doesn't affect them at all.
Regardless of what the USA does, the damage is done already: Canada is making trade aliances with other countries (including China). China is buying soy from anywhere but the USA and that's not going to change. NATO members are creating new defence pacts that don't involve the USA. Many countries now have concerns over US defence products. Several European governments are trying to switch away from Microsoft products due to concerns over digital sovereignty. Europe is also working on a new payment system to completely cut out american payment processors (Visa, MasterCard, Paypal). This is just part of what's going on I guess.
What I would like to see is for people to start cutting out American media consumption as well as stop using US tech products/services. Media is a huge industry for the US and helps keep them culturally relevant while the tech industry is also large and is throwing in with Trump at the moment.
Yeah as much as I hate it -- as an American -- the world needs to fuck us. And not in the fun, consensual way. At this point, I am an adherent to the "touching the stove" theory of...everything. There are some of us who don't need to touch the stove to understand it's hot (ignore the fact that as like a 7yo child, I once reached into an oven to touch the glowing orange heating element). But apparently like 30-40% of my compatriots need to do so -- potentially repeatedly -- so they may learn the lesson. I am not very confident they will learn, but I don't know what else will work at this point.
In theory everyone that paid a tariff would be refunded yes. If that's rolled into and hidden as the regular price you're probably out of luck as the consumer so the seller can double dip on this.
As an aside, pretty sure Lutnick was buying up tariff debt as a way to gamble that it would be overturned by the Supreme Court. Great way to profit from the people you're supposed to serve.
I saw that about Lutnick. These people are the fucking scummiest. Drain the swamp...They -- "we," as voters -- made it bigger and deeper. So tired of this country...
Good lord
https://www.newsweek.com/howard-lutnick-sons-may-make-money-supreme-court-ruling-tariffs-11558345
From the article:
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