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its okay , they’ll blame it on the immigrants
Ahahahahahahaha
Not just that. Corporations increased their prices citing tariffs but I’ve feeling that those prices aren’t going to go down now.
Prices never go down. Only up. Even competition only temporarily drives down prices until your competitor fails.
Same game as the 2008 economic crash. They could have bailed out the mortgage holders…but instead, they bailed out the lenders. The banks would have gotten paid either way, but instead of helping regular people…they just gave the money directly to the banks.
The iron law is that money flows to the top.
2008 didn‘t damage mortage holders, how did you get to this opinion? Banks were packaging bad credits with good ones an shifting those packages like hot potatoes between each other. Till it crashed.
You don’t remember them crashing the entire economy?
Yes. That’s a different case to todays case. People should‘ve been bailed out. Trump used his powers wrong and thus the paid tariffs have to be paid back to the importer. If the importer give this back to customers is a different question. Everybody should speak to Walmart et. al. about a this.
Instead of giving the default money to banks they could have given it to the “bad credit” mortgage holders, who could have used it to pay their mortgages. The money still goes to banks but people get houses too.
I’m sure the DoJ will fine all those corporations for … let me just check my notes here for an amount …
in 10 years they will settle for 0.00000015%.
(this will be offset by the tax rebate they will receive as an ‘im sorry to fine you’)
Only thing people can do is boycott places that don’t somehow reimburse people either through lower priced goods or direct refunds. Anybody got a list of who would be getting refunds?
taxes
robbed
:-/ Libertarianism is the last refuge of scoundrels
refunds are going back to corporations
Furious Trump signs global 10% duty after supreme court issues tariff blow
Trump said he would immediately sign an order increasing tariffs globally by 10% under section 122 of the Trade Act of 1974 and will begin investigations of unfair trade practices allowing further tariffs. He asserted that he had the authority to impose additional tariffs under existing statutes without congressional approval.
…
Section 122 has never been used, and therefore courts have had no occasion to interpret its language. Some news reports have noted this provision appears to authorize the President to impose across-the-board tariffs on imports in some circumstances.”
I’m not seeing anything in here about when refunds are going out. Much the opposite.
So the Supreme Court ruled the previous tariffs were illegal. The importers are then able to attempt to get restitution for the tariffs that were collected since they went into effect, it will likely be a convoluted process, but the paid them, and thus are able to get them back.
Meanwhile the prices were raised downstream and the citizens pay them, and won’t see a cent.
Now there are likely to be new 10% tariffs across the board, possibly result in another round of price hikes for the consumers! Ah, America! 🇺🇸what a crap hole
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