The majority of the sweeping tariffs Donald Trump imposed during his second term face one final litmus test that will determine whether he can continue to levy them – and also whether businesses are eligible for massive refunds.
That potentially dramatic turn in the tariff saga comes after a federal appeals court ruled on Friday that Trump unlawfully leaned on the International Emergency Economic Powers Act (IEEPA) to impose across-the-board duties on countries.
Trump had used those powers to push import tax rates as high as 50% on India and Brazil – and as high as 145% on China earlier this year.
Turns out either I can’t read or can’t math.
Funny how the refund works out to a total of about 60 cents per American, when I know I’ve paid WAY more than that in tariff-related bullshit.60 cents? You may have confused “billion” for “million” somewhere, unless I’m misunderstanding you, in which case we’d be talking closer to $600
Whoops, you’re right! Thanks :)