KEY POINTS
Treasury Secretary Scott Bessent said he is “confident” Donald Trump’s tariff plan “will win” at the Supreme Court, but warned the U.S. would be forced to issue massive refunds if it loses.
National Economic Council Director Kevin Hassett noted that there are “other legal authorities” that the administration could use if the tariffs are blocked.
Before court action, Trump’s tariffs were set to affect nearly 70% of U.S. goods imports.
The refund will have to go to China or Trump is proven a liar. 🤪
If the Supreme Court sides with Trump, many companies will support the Union if America has a 2nd American Civil War. Let’s see the supposed wisdom of this court.
The supreme Court is bought by the GOP, so they will find a way to side with his illegal tariffs.
Americans will continue to see prices skyrocket as our companies lay us off and then as we become homeless, they send us to their concentration camps they call “wellness camps”
Oh you spent 3 years gathering up enough shelter and supplies for a nice tent? Trump’s gestapo throws it in a garbage truck and makes you watch before they take you to the camps.
We haven’t even begun to talk about the effects of a global trade war and the fact many countries will simply stop providing us with supplies and materials as the US gets isolated.
Forced to issue
Even if the tariffs are declared illegal (which they should be, because legal opinions of this nature should not, in fact, be swayed by the obvious negative short term consequences of canceling geoeconomic policies that people all over the world pointed out were very fucking stupid; and they won’t be, because the Tribunal of Six is bought and paid for), the orangeboi regime will almost certainly just fucking ignore the unfavorable ruling, since it’s kind of a shit-centerpiece of their shit-agenda.
and those refunds will go to the companies as extra profits, instead of to the people who had to pay them.
and retail prices will still stay inflated.
The only solution is revolution.
The hero who brought justice to that CEO was ahead of the game.
The only solution is revolution.The only verdict is vengeance. A vendetta.FTFY.
Jah
Too bad they’re not personally liable.
We all know which way this will go.
Bessent has warned that a delayed ruling “could result in a scenario in which $750 billion-$1 trillion in tariffs have already been collected.”
“But, Your Honor. I’ve been running people over in my truck for a good three months now. If you ruled that running people over in my truck is illegal, why…there’d have to be considerable compensation paid!”
It’s a novel argument.
it’s not a compelling argument for the likes of you or me, but for the poor ultra-wealthy and powerful of the world, it often makes the spark of compassion in a judge’s heart flare brightly.
What phenomenal bullshit - There’s no way they’ve collected that much, or even will by the end of the year. That’s 20% of the Federal budget, or 3% of GDP, collected in the last 5 months of the year after whiplash, back and forth “we’re doing it today, no, now we’re waiting 2 weeks”?
They’re setting this all up for the largest theft ever committed on Earth.
They need to get these clowns under oath more often.
I don’t see how that would change anything, though I’m all ears to find out why it could. I swear there’s nothing stopping these fucks from doing exactly what they want at this point.
The largest theft ever common on earth so far.
We’ve still got another 3.3 (+ ???) years of this idiocy.
lol, as if he’ll leave on someone else’s schedule. The constitution to him is “really, more like guidelines.”
“really more like guidelines for suckers”
massive refunds
So he means… a tax cut!?
massive refunds
But not for you
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It also doesn’t fix the smaller businesses that had to shutter already.
Hate them if you want, but it doesn’t fix the 100+ rural Walmart locations shut down forcing some people to have to go an additional 20 miles and pay higher prices.
Doesn’t really matter which way it goes, the damage was the point and it succeeded.
As always “The damage was the point” is giving Trump too much credit. He’s not trying to hurt America. He’s more interested in enriching himself than enriching his nation, for sure, but he also sees his fortunes as fundamentally tied to those of America and you can see that clearly in his statements and public actions going back long before his presidential ambitions.
He wants America to be the greatest, most respected, most powerful country in the world, and he’s doing what he thinks will achieve that.
It’s not malice; not towards America as a country, anyway. He’s just genuinely, truly, that incompetent and so are the people around him, because he surrounds himself with people who make him feel smart.
And before you bring it up, yes, he’s a Russian asset. Of course he is. But he’s not the kind of asset you give orders to. They don’t need to. He’s more than capable of doing all the damage they want without any direction.
As another commenter here beautifully put it, “He’s a fire and forget idiot.”
The main people who will get the money are the import brokers who have been leveraging their businesses against the tariffs with the expectation that the money will eventually be refunded.
Americans have been protected against the largest impacts from the tariffs over the past 7 months by these loans. Things would have been MUCH worse when purchasing goods without this.
As a result, if the refunds DON’T go through, all the importers will have to default on their loans, sending both the financial and import industries into a tailspin — PLUS everyone having to shoulder the full effects of the ongoing tariffs.
No offense, but this sounds like nonsense. I can’t imagine any bank willing to take that kind of financial risk given the current context of things.
I didn’t realize this was happening. Where can I find out more about this?
Looks like most of this is happening outside the US - multinationals can apply for relief loans in other countries where they have an established workforce that could be impacted by the tariffs.
Eg, in Canada: https://cdev.gc.ca/applications-are-open-for-the-large-enterprise-tariff-loan-letl-facility/
As originally mentioned though, all this is loans to large multinationals; end users aren’t going to see the relief loans OR the refunds.
You could try looking up his ass, where the source of the news is.
The law shouldn’t care about your bad economic schemes.
This is America. Government is just another tool of our rulers to oppress us.
Look at how Musk conned Vegas with the hyperloop. No penalties, and nobody learned shit.
Make no mistake, this is simply a warning from the government to the supreme court.
Imagine however if the court would use this case as a test, to see whether or not they still have any influence at all in the separation of powers.
Is he trying to get ahead of Trump just ignoring a ruling?
If this money is refunded, where would it go? It won’t come back to consumers. It probably won’t be spent on investments due to the uncertain economic climate. I think it would either disappear from the economy by getting locked “on the sidelines” or be pumped in the asset markets, US or foreign.
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SCOTUS won’t rule against Trump.
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Refunds won’t go back to the buyers.
Ya’ll are fucked.
There’s a possibility that the SCOTUS will say no further tariffs are legal but the ones in place had a pseudo-legally-valid status just by virtue of not yet being declared not-legal by the SCOTUS.
That’s still #1
👆 this guy weasels
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