The majority of the sweeping tariffs Donald Trump imposed during his second term face one final litmus test that will determine whether he can continue to levy them – and also whether businesses are eligible for massive refunds.
That potentially dramatic turn in the tariff saga comes after a federal appeals court ruled on Friday that Trump unlawfully leaned on the International Emergency Economic Powers Act (IEEPA) to impose across-the-board duties on countries.
Trump had used those powers to push import tax rates as high as 50% on India and Brazil – and as high as 145% on China earlier this year.
That money should go to us because the business passed the price increases on to us!
The businesses will raise a lawsuit that the money is theirs and you will lose again.
And the prices won’t go back down.
And half the country will blame immigrants and trans people
This exactly.
Congress: “Sorry, best we can do is another tax break for the rich.”
Fuck corpos