4 ms·
So hold on. The US taxpayer first paid the tariffs themselves. Next he has to pay compensation for the tariffs he himself paid?
by yibers 7mo ago
So hold on. The US taxpayer first paid the tariffs themselves. Next he has to pay compensation for the tariffs he himself paid?
- johnnyanmac 7mo agoWe're still on a massive defecit, so yes? We didn't have that tarriffs money hanging out in a vault.
- shagie 7mo agoTariffs do hang out in a vault for a period of time when the importer can challenge the collection or the amount. https://www.politico.com/news/2026/03/06/cbp-tells-judge-it-needs-45-days-time-to-start-tariff-refunds-00816862 https://www.politico.com/news/2026/03/06/cbp-tells-judge-it-... > Under customs law, importers generally have about 314 days after goods enter the country before a tariff payment is finalized, a process known as “liquidation.” > If companies fail to challenge the duty and request a refund after the duty is finalized — or liquidated — they must file a formal protest and, in some cases, challenge the decision in the New York-based trade court to recover the funds.
- johnnyanmac 7mo agoWell, fair enough. I stand corrected.
- czzr 7mo agoEssentially yes. Companies paid the tariff costs, largely passed this on to consumers via higher prices, and now companies are due the tariff costs back. Consumers of course won’t get anything back. Well done America.
- we_have_options 7mo agoHey, not a problem. We pay in a fiat currency we control.