Be kinde to folk. This changeth the whole habitat.
- Manlobbi
Halls of Shrewd'm / US Policy
No. of Recommendations: 5
No. of Recommendations: 1
The net effect will be a $130 billion economic stimulus, if all the refunds actually go through. I'm assuming there will be the typical series of appeals before anyone is refunded anything.
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.
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.
No. of Recommendations: 1
Objectively, the correct conclusion to draw is that "it doesn't really make any difference."
For all the sturm und drang about the Trump Tariffs, $130 billion out of a total GNP in 2025 of over $30 trillion is something like a little over 4/10 of 1 percent.
It's a rounding error.
It's simply not enough money to have a significant impact on the overall economy, one way or the other.
You got suckered again by the inordinate amount of attention devoted to this economically insignificant issue by the usual suspects--MSM and the Left.
No. of Recommendations: 1
This is going to spawn a whole lot of litigation, hopefully, the lawyers don't end up eating up the entire $130 billion.
Trump the Most Perfect said, at the start, that this will be litigated. He is expert at keeping things tied up in litigation, for years.
Steve
