No. of Recommendations: 3
The more interesting question is whether or not the merchants who receive tariff refunds will then be subject to claims for reimbursement from their customers.
This is going to spawn a whole lot of litigation, hopefully, the lawyers don't end up eating up the entire $130 billion.
You’re correct to point to the potential chaos.
Let’s hope we draw the proper conclusion- that the illegal way that Trump slapped on tariffs, then unilaterally raised and lowered rates on a daily, sometimes hourly basis, is never a good idea, and unraveling the resulting chaos will prove to be a Herculean task.
