Trump Encourages Companies Not to Seek Tariff Refunds

[Yo_Mama_Been_Loggin]

Source: Bloomberg

(Bloomberg) — President Donald Trump said he’d remember companies that decline to seek refunds on duties paid after the Supreme Court struck down a large swath of his tariffs.

“It’s brilliant if they don’t do that,” Trump said Tuesday on CNBC in response to a question about whether companies such as Amazon.com Inc. and Apple Inc. should request refunds on duties that have now been deemed unlawful. “If they don’t do that, I’ll remember them.”

In February, the Supreme Court ruled against Trump’s use of the International Emergency Economic Powers Act to impose so-called “reciprocal” tariffs on imports from nearly every country. That ruling set the stage for a complicated task that could become the largest repayment by the US government in its history.

Trump’s comments come a day after US Customs and Border Protection launched a web portal for importers to file requests for refunds that could total more than $160 billion. Yet, the process is still fraught with uncertainty.

Read more: https://www.msn.com/en-us/money/economy/trump-encourages-companies-not-to-seek-tariff-refunds/ar-AA21p6hb

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STFU Donny.

[Lovie777]

1. WTF.................

this administration is getting worse.

Vote Republicans and turn coats out!

[splano]

2. ...

I would be surprised if a business did not seek refunds. Especially if they are publicly traded since they have a fiduciary responsibility to act in the company’s and shareholder’s best interest

A shareholder lawsuit just might force their hand.

[groundloop]

3. Companies will take their refunds..... but will they be passed on to consumers ?

Of course not.

Companies raised consumer prices in response to tRump's illegal tariffs to maintain their profit margin. A refund of those tariffs will be a windfall to those companies, and consumers who paid for the tariffs will see nothing.

[pat_k]

4. This from the guy who routinely refused to pay on binding contracts

[Griefbird]

5. More of his mob shit

[Chemical Bill]

6. .

Typical, he wants the money for himself.

[rurallib]

7. too bad Trump can't be held personally responsible for those repayments

he knew it was illegal when he did it. Once again Trump gets off without responsibility.