Judge rules companies are entitled to refunds for Trump tariffs overturned by the Supreme Court

[Yo_Mama_Been_Loggin]

Source: AP

WASHINGTON (AP) — In a defeat for the Trump administration, a federal judge in New York ruled Wednesday that companies that paid tariffs struck down last month by Supreme Court are due refunds.

Judge Richard Eaton of the U.S. Court of International Trade wrote that “all importers of record’’ were “entitled to benefit’’ from the Supreme Court ruling that struck down sweeping double-digit import taxes President Donald Trump imposed last year under the 1977 International Emergency Economic Powers Act (IEEPA).

-snip-

The federal government collected more than $130 billion in the now-defunct tariffs through mid-December and could ultimately be on the hook for refunds worth $175 billion, according to calculations by the Penn Wharton Budget Model.



Read more: https://finance.yahoo.com/news/judge-rules-companies-entitled-refunds-221547308.html

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With this and the Iran war Donny Dipshit's putting us deeper in debt.

[wcmagumba]

1. Refunds? Refunds?

[Yo_Mama_Been_Loggin]

3. Good movie

[George McGovern]

6. It was, it IS a good movie. Thank You Yo_Mama_Been_Loggin!

[George McGovern]

7. Thanks for the clip wcmagumba! Hadn't the movie for a long time until now.

[Lovie777]

2. Not consumers?.......

[KS Toronado]

4. Big biz wins over the consumers who they passed the tariffs on to.

The Court had to be aware big biz passed the costs on as a middle man.

[angrychair]

5. What do they mean "companies"?!?

We paid for those god damn tariffs. The companies get to overcharge us and then also get to keep the tariffs too?!?

That's bullshit.

[Cheezoholic]

8. The ol' double dip grift. And prices won't go down to pre-tariff levels either I guaranteeeee n/t