this post was submitted on 03 Sep 2025
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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.

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[–] aeternum@lemmy.blahaj.zone 21 points 1 week ago

much like all the other illegal shit dumpy mcshitpants has done, who is gonna tell him he can't have his big boy tariffs?

[–] Alwaysnownevernotme@lemmy.world 15 points 1 week ago

And the prices? Oh nothing will fundamentally change 😉

[–] _wizard@lemmy.world 15 points 1 week ago (2 children)

How much of that will be pocketed by his cronies because the rules for payout were vague enough for their random LLC.

[–] Cornelius_Wangenheim@lemmy.world 6 points 1 week ago* (last edited 1 week ago)

Lutnick's company has been literally buying up claims to these tariff refunds for pennies on the dollar.

https://www.wired.com/story/cantor-fitzgerald-trump-tariff-refunds/

Pretty sure refunded tariffs will be based on transactions and... Yeah you are right nevermind.

[–] inclementimmigrant@lemmy.world 14 points 1 week ago (1 children)

Yeah F that.

American consumers need to get the refund, not the corporations.

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[–] pennomi@lemmy.world 14 points 1 week ago

Around $6000 to my small business. I’m sure the Supreme Court will side with Trump though.

[–] rhvg@lemmy.world 14 points 1 week ago

No worries , you have a supreme court good at ruling by vibe.

[–] hitmyspot@aussie.zone 13 points 1 week ago (2 children)

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.

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[–] cabron_offsets@lemmy.world 12 points 1 week ago* (last edited 1 week ago) (1 children)

Republicans are so fucking stupid. They imposed a stupid tax on all of us.

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[–] resipsaloquitur@lemmy.world 7 points 1 week ago

He’s already spent it on bling from Kohl’s.

[–] crystalmerchant@lemmy.world 7 points 1 week ago

Those businesses will never see a goddamn cent

[–] C1pher@lemmy.world 7 points 1 week ago (1 children)
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[–] thefluffiest@feddit.nl 6 points 1 week ago

Thanks CNN. Now the Supreme Court justices know their asking price

[–] aramis87@fedia.io 6 points 1 week ago (1 children)

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.~~

[–] CarbonIceDragon@pawb.social 4 points 1 week ago (1 children)

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

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[–] Witchfire@lemmy.world 5 points 1 week ago

Or else what?

[–] blitzen@lemmy.ca 5 points 1 week ago

It shouldn’t go back to businesses, it should be a tax credit (with documentation.)

[–] DaddleDew@lemmy.world 4 points 1 week ago

Cool. Can other countries sue for the damage it caused to their industries as well?

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