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U.S. set to launch tariff refund system on April 20
- bayff 6mo agoDidn't some guy buy up a bunch of the rights to tariff refunds at discount hoping for this?
- extraduder_ire 6mo agoIt's more than one guy, there's a whole industry around it. I think the most famous one is a person working in government or closely related to someone who is. (drawing a blank on the name right now)
- 0x_rs 6mo agoCantor Fitzgerald, run by (Commerce Secretary, Epstein neighbor, and island visitor) Lutnick's sons. It should be noted Lutnick himself was a big proponent of tariffs to replace "some" income taxes -- just not your own. >Public reporting indicates that Cantor has offered companies the opportunity to trade their legal claim to a future tariff refund in exchange for twenty to thirty percent of the duties the company paid. https://fortune.com/2026/03/07/winners-supreme-court-tariff-ruling-hedge-funds-creating-100-billion-secondary-market-refunds-brandon-howard-lutnick/ https://fortune.com/2026/03/07/winners-supreme-court-tariff-... https://www.finance.senate.gov/ranking-members-news/wyden-warren-probe-lutnick-firms-potential-conflicts-of-interest-related-to-massive-tariff-bets https://www.finance.senate.gov/ranking-members-news/wyden-wa...
- despera 6mo ago[flagged]
- ivraatiems 6mo agoIt's nice to see them actually complying with the Supreme Court's decision instead of just ignoring it and telling them to enforce it.
- rasz 6mo agoonly because Lutnick's sons will be main benefactors.
- csouers 6mo agoOh, don't worry. They'll find a way to screw over the consumer.
- bmitc 6mo agoThis does screw over the consumer, or at least doesn't reverse the screwing of any consumers.
- notamario 6mo agoYou mean the SC ruling that moves money from the US treasury to the aristocracy class?
- hoppyhoppy2 6mo agoAm I reading between the lines correctly, that consumers who paid higher prices to help cover the cost of these tarriffs can expect no refunds?
- NewJazz 6mo agoPPP 2.0
- JohnMakin 6mo agoYes, it's effectively a transfer of wealth from the consumer to the companies above them, much like everything else these days
- BoiledCabbage 6mo agoYup, another failure of a policy. And again not a surprise, it was widely explained ahead of time they were illegal, but instead they were forced through under an "Emergency" situation and now enormous amount of money wasted and what's returned is being refunded to corporations even though the consumer ultimately paid the bill. Another case of acting impulsively. Kinda like the reason the price of oil is so high right now.
- rstuart4133 6mo agoThe true irony is 10% .. 15% of importers to the USA (Importer of Record in the lingo) are foreign entities. For them, the tariff refund is a transfer directly from the USA consumer to the foreign countries ... that Trump was trying to penalise.
- tacodestroyer 6mo agoAbsolutely and I highly doubt those businesses will lower the prices on anything they raised prices on. Double dip FTW.
- aucisson_masque 6mo agoThat's what I wonder too. Ultimately it's the customer who paid more for his his'goods, not the importer. Is the us government seriously going to give American citizens money to some Chinese importers ?
- kshacker 6mo agoI wonder how it works for small folks like me. My brother sent me something from India and put a value on it (should not have). The government charged me a few bucks, but then fedex charged me something on top as their fees. Now if they charge me to return the fees, I will still end up losing money :) since the fedex fees were more than the government fees It is not a big amount, but I am sure there are lots of people with similar stories.
- comrade1234 6mo agoFrom what I understand a tariff refund system has been in place for decades, as companies dispute tariffs they were charged and get refunded.
- Freedom2 6mo agoThis forum told me that other countries would pay the tariffs for the end customer. Was that incorrect, and if so, how could this forum get it wrong? What other confidently stated truths could also be wrong?
- pjc50 6mo agoFor "this forum" read "the small but persistent crowd of pro Trump tech bros".
- parineum 6mo ago> What other confidently stated truths could also be wrong? Well, for starters. > This forum told me that other countries would pay the tariffs for the end customer.
- xboxnolifes 6mo agoI have not once, in any thread on this entire site, seen that opinion get stated without strong challenges to the claim.
- deleted 6mo ago[deleted]
- platevoltage 6mo agoI wonder how much Lutnick's net worth will increase when this goes online.
- dh2022 6mo agoOur country’s gargantuan fiscal deficit is about to get even larger. At what point will lenders get sick of subsidizing the US government?