4 ms·

So, since they were apparently never legal in the first place, will there be refunds for all the tariffs already paid? That could really help out small business

So, since they were apparently never legal in the first place, will there be refunds for all the tariffs already paid? That could really help out small businesses that were hit with huge tariff bills. Common sense would say yes, but not sure how the law actually works. I also wonder about the effects on the budget bill currently being worked on by Congress. Were they factoring in tariff revenue that now won't exist? And if so, will they respond with more spending cuts or less tax cuts?

xigency 1y ago
Yeah, that's a very good question. I kind of doubt it since we've moved beyond a world of common sense. If this ruling holds the best thing would have been to have never paid the tariffs.
insane_dreamer 1y ago
If this ruling is upheld (will probably be fought all the way to SCOTUS), then I would imagine that US businesses who paid the tariffs indirectly (i.e., the seller tacked it onto the price), will sue the US Gov to get that money back.