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.

  • 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