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The offical Trump Tariff thread

Discussion in 'BBS Hangout: Debate & Discussion' started by astros123, Feb 1, 2025.

  1. Kemahkeith

    Kemahkeith Member
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    I have yet to see my Trump Tariff refund check.
    Damn snail mail.
     
  2. JuanValdez

    JuanValdez Member

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    They signed trade deals under tariffs threat. It would seem sensible for other countries to want to now renegotiate the deals for more favorable terms. So of course Trump feels vulnerable and weak and must rattle his saber and make threats in hopes no one takes advantage of him.
     
    No Worries likes this.
  3. rockbox

    rockbox Around before clutchcity.com

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    Blame the postal service that Trump tried to destroy.
     
    No Worries likes this.
  4. Amiga

    Amiga Member

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    Most of the U.S. tariffs were ruled illegal, so they have to be removed. That alone already makes trade terms more favorable for other countries.

    If anything, the U.S. should pursue reciprocal tariff reductions from them. Renegotiation may well be in order. However, other countries might be less inclined to reopen talks now that they’re already benefiting from the ruling. Much depends on what other concessions were built into those agreements.

    It seems reckless to treat this as a blanket “don’t change anything” situation when a major portion of the tariff structure has been invalidated. A structural shift like that logically calls for reassessment, not automatic status quo.

    But then, who's doing the homework lol. SMDH, what a mess.
     
    ROCKSS and JuanValdez like this.
  5. Amiga

    Amiga Member

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    Small and medium businesses already went through the "shock" of tariff tantrums. If they survived, they are about to face another "shock." (not as devasting, but still a mess; chaos is a killer)

    Big businesses, some of whom were able to withstand the chaos even as costs went up, managed to take advantage of it as smaller ones "died" off due to the shock. They also have room to maneuver, such as pausing hiring or cutting part of their labor force to maintain stock prices. Not all could absorb the shock, though, so some did suffer as well.

    But at the end of the day, consumers lose, small and medium businesses lose, and employees lose. Big business likely won.
     
  6. Nook

    Nook Member

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    Not happening--- all of the money is going to be used for the 2028 Trump re-election campaign.
     
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  7. adoo

    adoo Member

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  8. deb4rockets

    deb4rockets Member

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    LOL, that old blabbering goat with spots will be out to pasture by then.
     
  9. Kemahkeith

    Kemahkeith Member
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    Serious question that maybe someone on here can answer.
    I saw the other day after the tariffs were repealed and declared illegal, that many large companies are suing to recover lost funds.
    My question is, if the tariffs were paid for by the people that purchased products and the cost was passed onto the consumer. Why is it that we are not getting refunds. I have purchased some higher end appliances and I know the tariff prices got passed along to me.

    Why do the corporations get the money from tariffs that were passed to all of us?

    I suspect they ate some cost on this to keep prices from going nuts but we paid as well
     
  10. StupidMoniker

    StupidMoniker I lost a bet
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    It is because legally the company paid the tariff, not you. Then you paid a higher price to the company. They could, if they chose, pass through a tariff refund to their customers, but they are under no obligation to do so (just as they were under no obligation to raise prices in order to cover tariffs).
     
  11. adoo

    adoo Member

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  12. Amiga

    Amiga Member

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    More of this but for all consumers.
     
  13. adoo

    adoo Member

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    on Wed, 4 Mar 2026,

    Judge ordered Trump administration to start issuing more than $130 billion in tariff 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).

    In his ruling, Eaton wrote that he alone “will hear cases pertaining to the refund of IEEPA duties.’’ The ruling offers some clarity about the tariff refund process, something the Supreme Court did not even mention in its Feb. 20 decision. Trade lawyer Ryan Majerus, a partner at King & Spalding and a former U.S. trade official, said he expects the government to appeal or “seek a stay to buy more time for U.S. Customs to comply.″
     
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  14. zeeshan2

    zeeshan2 Member

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  15. Amiga

    Amiga Member

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    It's a mess because someone decided to act so reckless.

    The Customs agency just reported it collected about $166 billion from the emergency tariffs imposed under the IEEPA, which the Supreme Court ruled were illegal because that law does not actually give the president authority to impose tariffs.

    Right now there are about 20.1 million import entries that are still "unliquidated," meaning the final duty calculation has not been finalized yet. For those, Customs could remove the tariff and issue refunds.

    But Customs told the court it cannot comply with the judge’s order to start processing refunds yet. Not necessarily refusal (at least for now), but that the agency does not currently have a workable system or procedure to unwind something this large.

    We are talking about $166B+ in tariffs and over 20 million import records. The courts will probably force the government to come up with a refund process, but realistically this could take months or years and will involve a lot of litigation.

    (and yes, the trillion in collected tariff was a lie)
     
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  16. adoo

    adoo Member

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    yet another self-inflicted wound by Trump 2.0


    The Treasury may need to borrow an extra $1.6 trillion to

    • cover the hole left by tariff ruling and
    • pay a further $400 billion in debt interest

    The White House had been relying on the circa $300 billion-a-year in revenues to help fund a raft of policies,
    from tariff rebate checks to corporate tax writeoffs in the One Big Beautiful Bill Act.
     
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  17. mvpcrossxover

    mvpcrossxover Member

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  18. adoo

    adoo Member

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    almost one year after Trump's liberation day, the intended target of Trump 2.0's tariffs has reaped the most benefit

    China’s export boom in 2025 generated a record US$1.2 trillion trade surplus. despite the tariff war with the US, helping the economy overcome a domestic slowdown. China in 2025 relied on outbound shipments to drive the economy, with net exports contributing almost a third to the overall expansion in gross domestic product – the most in decades.

    China’s export growth accelerated far faster than expected in the first two months of 2026, putting shipments on a record path
     
    astros123 likes this.

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