Never mind the consumers eh? WE are the ones most directly affected. Businesses lost nothing
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And the prices? Oh nothing will fundamentally change 😉
That money should go to us because the business passed the price increases on to us!
The businesses will raise a lawsuit that the money is theirs and you will lose again.
And the prices won't go back down.
And half the country will blame immigrants and trans people
This exactly.
How much of that will be pocketed by his cronies because the rules for payout were vague enough for their random LLC.
Pretty sure refunded tariffs will be based on transactions and... Yeah you are right nevermind.
Not only will the consumers never see a dime of any of the money if it's refunded, the companies aren't going to lower prices because you've already absorbed the price shock.
Right. Everything today is about softening you up. They say, we will kill you—and you panic—then they roll it back to just losing an arm, and you’re happy about it.
Alas, a lot people have already lost an arm and a leg and there's still no end in sight.
This is called "price anchoring" when used in business. They throw out an outrageously high number to start and then follow it up with something less to make it seem like a good deal when that was really the price they wanted all along.
Like a frog in boiling water.
No, that's the ratchet effect.
A frog boil is when you slowly raise the temperature so the frogs don't even realize they're being boiled.
An example of frog boiling is having national guard just roam around not doing anything. People are pissed out of principle, but they're not really doing anything for people to riot over. By the time they are, some people will be used to it already and not as pissed as if it was all at once.
Yeah I feel like this was already expected or part of some master plan. The companies didn’t lose because they passed it on to the consumer and then they’re gonna get money on top of it.
Ianal, I really hope there is some sort of class action that can be done to force companies to pass that back to consumers.
It should be easy enough to pass through to all the electronic pay methods.
Or force markup items to all be put on massive sale until an equal amount has been sold to make up the sales at markup.
There are no perfect solutions, some people will still make out like bandits.
But jfc, just releasing billions to these companies will only benefit the C-Level and maybe some shareholders, the people already benefiting, not the ones feeling the pain.
A class action just passes the money from one elite class (corporations) to another (class action lawyers). Consumers will get a virtual prepaid debit card for $1.97 in 5 years that can’t be spent anywhere because it can’t be used online and it costs $5 to have them mail you a physical card
Should get out guillotines
100% this. Most I've ever seen out of a class action is somehwere between $5-$300. That's after you produce a mountain of receipts and paperwork. Only lawyers get rich.
It also gives trump an out from "tarrif checks" he was talking about.
Likely the reason they started talking about those, is anticipation that they may be overturned. Now his supporters will be mad the "deep state" took "their checks" that they were never gonna get.
When do Trump and the magats drink the poison koolaid? I’m getting impatient
$200 billion / 330 million Americans = $606 each. More or less.
And that's just the illegal tariffs.
Small businesses, back of the line. Gotta make sure those billionaires don't lose out first.
Wouldn't bring back the small businesses that have already been killed anyway. My favorite coffee shop just closed, and my independent artisan friends are barely selling anything any more.
Around $6000 to my small business. I’m sure the Supreme Court will side with Trump though.
Was it not the end consumer who paid those tariffs?? Frankly, I'd rather it be given back to the business at least, but let's not pretend that they didn't extract it from their customers. End it so that other companies can't as easily gouge based on the idea of tariffs.
Yes, the business just collected it. However, it would also depend on whether they upped their prices to do so.
Thanks CNN. Now the Supreme Court justices know their asking price
The Businesses didn't pay the tariffs, We did.
He’s already spent it on bling from Kohl’s.
Republicans are so fucking stupid. They imposed a stupid tax on all of us.
No. That was their plan. They know what they're doing. Republican voters are the dumb ones.
Those businesses will never see a goddamn cent
Yeah F that.
American consumers need to get the refund, not the corporations.
No worries , you have a supreme court good at ruling by vibe.
Increasing the uncertainty is not necessarily beneficial either. Businesses won't want to keep changing their pricing. People don't want to plan their purchases around whether tariffs are likely to change up or down in the future. Their instinct will be to wait.
The tariffs were illegal in how they were implemented but Congress could easily do it and would follow his instructions as they have done before.
It's a shit show, as expected.