No. of Recommendations: 6
… apparently less resistance by the Administration than some anticipated.
A federal agency, U.S. Customs and Border Protection (CBP), will boot up the portal — known as CAPE, for Consolidated Administration and Processing of Entries — so companies can submit claims for tariff refunds. CBP confirmed in a filing on Tuesday that CAPE will open for refund applications on April 20.
The government could owe businesses up to $175 billion after the Supreme Court ruled in February that President Trump had illegally issued tariffs under the International Emergency Economic Powers Act, or IEEPA. Since the landmark decision, companies have filed thousands of lawsuits with the Court of International Trade (CIT) seeking tariff refunds.https://www.cbsnews.com/news/how-to-file-for-tarif...Why the muted resistance levels? Follow the money? Remember most tariffs were charged on to the consumers… so
Original tariffs
DR Consumer - CR Treasury
Refunds
DR Treasury - CR Importers (JCs)
So consumers funding JCs, what’s new. Except that whatever Treasury cashed in may have already been used for more worthy causes, such as cuts for the pillars of society…
No. of Recommendations: 5
How do we track the tariffs? People (consumers) paid different levels depending on what they purchased. Unless people are anal about keeping receipts for the past year, it would be impossible to untangle.
I know some companies will be suing (and they would have better tracking than ordinary consumers). But Costco, for example, appears to be a target for suit over tariff refunds. If Walmart, and Ace Hardware, and a whole slew of other companies don't get sued, I'd be surprised. But that leaves the original problem of determining how much you or I, specifically, paid in tariffs.
Didn't the Felon reinstate his tariffs anyway? I'm sure they also will be struck down, but that takes time.
Meanwhile, a judge has rejected his ballroom...again. Construction has been ordered halted. (Not relevant to the current thread, but probably not worth starting a new thread.)
No. of Recommendations: 1
Didn't the Felon reinstate his tariffs anyway? I'm sure they also will be struck down, but that takes time.
Yep - a new cycle of refund processes, court cases to figure out the scope for refunds, and consumer class action suits to get the refunds back to those who actually paid the tariffs. But we are getting ahead of ourselves - currently the first round is still playing out.
