Tech industry primed for big refunds if SCOTUS rules against Trump tariffs.

If Donald Trump loses his Supreme Court fight over tariffs, the US may be forced to return “tens of billions of dollars to companies that have paid import fees this year, plus interest,” The Atlantic reported. And the longer the verdict is delayed, the higher the refunds could go, possibly even hitting $1 trillion.

        • defunct_punk@lemmy.worldEnglish
          9·
          10 hours ago

          You mean to tell me that companies would take advantage of a temporary disruption in the markets to justify a permanent price increase? That the rules of our economic model even forbid the lowering of costs? Surely you’ve been mistaken

      • faltryka@lemmy.world
        5·
        10 hours ago

        Unfortunately…

        They would be “derelict in their fiduciary responsibility to their shareholders” to charge less than we will pay, and what we will pay changed.

        • defunct_punk@lemmy.worldEnglish
          3·
          9 hours ago

          And I’m supposed to believe that “I give you fish because you’re hungry and you give me a jacket because I’m cold” is a less-advanced, more primitive model than this?

    • arrow74@lemmy.zip
      14·
      10 hours ago

      Okay but to be fair how would companies even go about doing that? I know they won’t want to, but even if they did it’s not possible.

      What’s more damning is that even if the tariffs are reversed they will keep the tariff related price hikes and pocket the difference. As we saw companies wil use any excuse to increase prices

      • TrickDacy@lemmy.world
        10·
        10 hours ago

        I mean yes, exactly. All reasons the tariffs were indefensible to begin with. The damage largely cannot be undone so it was never even excusable as something to try even if done in good faith