Now that the IEEPA tariffs are gone, the obvious next fight should be a consumer class action. Roughly $200B or more was collected under those tariffs. On paper, the refunds go back to importers. In reality, a big chunk of those costs was passed straight through to consumers via higher prices. That means regular people were the ones who actually paid most of this tax. If importers get refunded without any further action, we are basically rewarding middlemen who already recovered their money at the checkout counter. That creates a perverse result where consumers eat the cost twice: first through higher prices, then again when refunds bypass them. The fight should not end with refunds to importers. The real question is whether consumers will be allowed to recover what they actually paid. Yes, it is a mess. And it was completely avoidable if someone had not dragged the country into it.
I'd have to do some research on it honestly. I only scratched the surface but admittedly am not educated on it
Btw - based on ~$200B in IEEPA tariffs, a typical household would have paid about $1,540 if all of it was passed to consumers. The estimate is it actually cost roughly $1,000 per household in 2025, so around 65% of the tariff was passed on to consumers.
Not a delection. I'm not a Trump supporter. I can't stand him. I'm not a fan of the left. I do agree with some of their views but they always end up disappointing me in the end. They're going to trot out Newscum in 2028 and that will be terrible again and I'll vote against him.
I don't disagree that the trade deficit is what it is. My argument is that's astros123 and adoo have agendas. They don't post anywhere but a political sub forum on a message board for the Rockets. You don't find that unusual?
Trump Says He Will Impose 10% Global Tariff Under Different Authority https://www.wsj.com/livecoverage/st...oj1ctMoxUSviqtbwRyTSPsP1nHdoa-H74HM8wLFqeJA==
So after all this stupidity, what exactly did this demented dumbass accomplish? he ruined relationships with all our allies, and they ditched us to go make trade deals with China…also, these countries will never trust again he raised prices for consumers, and those prices won’t be coming down in any significant way because they’re now the new normal and these companies will keep it that way he caused farmers to go bankrupt and lose their farms he destroyed thousands of small businesses he brought no jobs back to the US What did he accomplish with these dumbass tariffs?
the people whose small businesses were destroyed because of these illegal tariffs Would they not have grounds to sue this smooth brained regime?
I mean that would actually be a great deal for us if we actually got the benefits of the tariffs to the working class. Has anybody said what happens to the money collected yet?
Which estimate though, I've seen a pretty wide range. The Trump Clan swims around in it like Scrooge McDuck
"A February 6 analysis from the nonpartisan Tax Foundation estimated that the tariffs amounted to a $1,000 tax increase per household in 2025. Households are projected to pay another $1,300 in 2026. The group also described the tariffs as the largest US tax increase since 1993."
The tariffs are a way towards replacing income tax with a consumption tax without having to vote on it. It is what the dumb ass libertarians/teas baggers/maga/whatever they rebrand themselves next have been wishing for over a decade. They keep losing and keep rebranding themselves.
...and the liberals at the WSJ estimated it at 90% earlier this week. That's the same article that prompted the Admin to say that the authors/researchers "should be disciplined" (that's not creepy at all, right?)
Why it took SCOTUS so long on this is beyond me, the 3 amigos who VOTED YES are clowns who would let the orange man get us closer to a White Christian Nationalism cult..................Alito and Thomas are crooked AF To Reeko`s point above, what were we really accomplishing other than to piss off our allies and have every American pay an additional $1000 last year.........F those $2000 BS checks they kept lying about, I want mt GD $1000 back you orange headed MOFO This administration will go down as the ABSOLUTE WORST, they continue to lose in court case after case because they want to appease the wanna be king, set precedents like this which FAIL..................everything is out of spite and pettiness. Sweet baby JESUS, we have 3 more years of this.
I think the 90% represents the amount paid collectively by importers, businesses, and consumers, with the remaining 10% borne elsewhere. Not at all.
