137
submitted 1 week ago by MicroWave@lemmy.world to c/news@lemmy.world

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.

top 50 comments
sorted by: hot top controversial new old
[-] omgboom@lemmy.dbzer0.com 68 points 1 week ago

Not only will the consumers never see a dime of any of the money if it's refunded, the companies aren't going to lower prices because you've already absorbed the price shock.

[-] whiwake@lemmy.cafe 25 points 1 week ago

Right. Everything today is about softening you up. They say, we will kill you—and you panic—then they roll it back to just losing an arm, and you’re happy about it.

[-] CmdrShepard49@sh.itjust.works 10 points 1 week ago

This is called "price anchoring" when used in business. They throw out an outrageously high number to start and then follow it up with something less to make it seem like a good deal when that was really the price they wanted all along.

[-] 13igTyme@piefed.social 4 points 1 week ago

Like a frog in boiling water.

[-] givesomefucks@lemmy.world 11 points 1 week ago

No, that's the ratchet effect.

A frog boil is when you slowly raise the temperature so the frogs don't even realize they're being boiled.

An example of frog boiling is having national guard just roam around not doing anything. People are pissed out of principle, but they're not really doing anything for people to riot over. By the time they are, some people will be used to it already and not as pissed as if it was all at once.

[-] whiwake@lemmy.cafe 3 points 1 week ago

Is that how frogs are cooked? Like a lobsters?

[-] don@lemmy.ca 8 points 1 week ago

It’s a common myth that frogs will stay in boiling water if the water is heated slowly enough. They can sense heat and will most definitely attempt to escape.

load more comments (8 replies)
[-] venusaur@lemmy.world 9 points 1 week ago

Yeah I feel like this was already expected or part of some master plan. The companies didn’t lose because they passed it on to the consumer and then they’re gonna get money on top of it.

[-] ericatty@infosec.pub 4 points 1 week ago

Ianal, I really hope there is some sort of class action that can be done to force companies to pass that back to consumers.

It should be easy enough to pass through to all the electronic pay methods.

Or force markup items to all be put on massive sale until an equal amount has been sold to make up the sales at markup.

There are no perfect solutions, some people will still make out like bandits.

But jfc, just releasing billions to these companies will only benefit the C-Level and maybe some shareholders, the people already benefiting, not the ones feeling the pain.

[-] ragebutt@lemmy.dbzer0.com 3 points 1 week ago

A class action just passes the money from one elite class (corporations) to another (class action lawyers). Consumers will get a virtual prepaid debit card for $1.97 in 5 years that can’t be spent anywhere because it can’t be used online and it costs $5 to have them mail you a physical card

Should get out guillotines

load more comments (1 replies)
[-] givesomefucks@lemmy.world 3 points 1 week ago

It also gives trump an out from "tarrif checks" he was talking about.

Likely the reason they started talking about those, is anticipation that they may be overturned. Now his supporters will be mad the "deep state" took "their checks" that they were never gonna get.

load more comments (1 replies)
[-] ALLGLORYTOHYPNOTOAD@lemmy.world 55 points 1 week ago

That money should go to us because the business passed the price increases on to us!

[-] MuskyMelon@lemmy.world 17 points 1 week ago

The businesses will raise a lawsuit that the money is theirs and you will lose again.

[-] 3abas@lemmy.world 17 points 1 week ago

And the prices won't go back down.

[-] Goretantath@lemmy.world 7 points 1 week ago

This exactly.

[-] jordanlund@lemmy.world 17 points 1 week ago

$200 billion / 330 million Americans = $606 each. More or less.

[-] pennomi@lemmy.world 8 points 1 week ago

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

[-] radiofreebc@lemmy.world 7 points 1 week ago

Small businesses, back of the line. Gotta make sure those billionaires don't lose out first.

[-] SpaceNoodle@lemmy.world 4 points 1 week ago* (last edited 1 week ago)

Wouldn't bring back the small businesses that have already been killed anyway. My favorite coffee shop just closed, and my independent artisan friends are barely selling anything any more.

[-] Chainweasel@lemmy.world 7 points 1 week ago

The Businesses didn't pay the tariffs, We did.

[-] Mobiuthuselah@mander.xyz 7 points 1 week ago

Was it not the end consumer who paid those tariffs?? Frankly, I'd rather it be given back to the business at least, but let's not pretend that they didn't extract it from their customers. End it so that other companies can't as easily gouge based on the idea of tariffs.

[-] hitmyspot@aussie.zone 4 points 1 week ago

Yes, the business just collected it. However, it would also depend on whether they upped their prices to do so.

[-] prole@lemmy.blahaj.zone 3 points 1 week ago
[-] hitmyspot@aussie.zone 2 points 1 week ago

Many (most?) did but not always like for like. This will have the double effect of making American manufacturing less attractive as your competitive edge due to tariffs could evaporate. It also means importers will pass it on straight away as it's clear to consumers that it's a government tax. Moreso as we go on. Previously, the uninformed thought the tariffs were not paid by consumers.

load more comments (2 replies)
[-] rhvg@lemmy.world 6 points 1 week ago

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

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

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

[-] resipsaloquitur@lemmy.world 5 points 1 week ago

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

[-] Formfiller@lemmy.world 5 points 1 week ago

When do Trump and the magats drink the poison koolaid? I’m getting impatient

[-] inclementimmigrant@lemmy.world 4 points 1 week ago

Yeah F that.

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

[-] crystalmerchant@lemmy.world 3 points 1 week ago

Those businesses will never see a goddamn cent

[-] thefluffiest@feddit.nl 2 points 1 week ago

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

[-] einlander@lemmy.world 2 points 1 week ago

Don't worry, the supremes will make it all go away.

[-] LoafedBurrito@lemmy.world 2 points 1 week ago

None of us will see any money refunded. Remember that this is all planned out to make products more expensive for americans, so we get used to the higher prices. Then the companies with hundreds of millions in profit can make more profit when costs for them go down, they keep our prices the same and also SHRINK the size of the product.

Corporations are stealing from Americans every day and politicians are all in on the scam, so no one will do anything about it.

load more comments (1 replies)
[-] JustEnoughDucks@feddit.nl 2 points 1 week ago

People haven't caught on to the grift yet. One of the people in the committee who runs the tariff decisions literally runs a financial/law institution that since the tariffs started, has been contracting with companies to pay a portions (10, 20, 40%) of the tariffs to "ease the load on the companies" but they retain the rights, in the case of what is going on i.e. tariffs being recalled and paid back, to take 100% of the tariff payback.

So a government official is steering the tariff policy to essentially steal money from companies with some alight risk of the tariffs not getting overturned. Crazy grift.

[-] SpacetimeMachine@lemmy.world 1 points 1 week ago

If you have a source for that could you post it?

load more comments (1 replies)
[-] BarneyPiccolo@lemmy.today 2 points 1 week ago

Am I getting a refund on the higher prices I'm paying because of tariffs?

[-] NateNate60@lemmy.world 4 points 1 week ago

The tariffs will go away, but the companies have realised that you're okay with paying $10 for something that used to cost $8 anyway so you'll be paying $10 from now on

[-] BarneyPiccolo@lemmy.today 4 points 1 week ago

The only solution is to confiscate all wealth over $100 million, and use it to establish Health Care 4 All, free college/trade, UBI, minimum living wage, public services, etc.

load more comments (1 replies)
[-] pelespirit@sh.itjust.works 2 points 1 week ago

The money will go back to American businesses, which means American consumers. That means that's more proof that Americans are paying for the tariffs.

[-] Peruvian_Skies@sh.itjust.works 6 points 1 week ago

Not a single cent will go to American consumers. If the American companies win this lawsuit (and don't get me wrong, they should), they will keep the money and will not lower their prices even after the tariffs are removed.

[-] pelespirit@sh.itjust.works 2 points 1 week ago

Oh for sure, I'm just saying that the money going back to American businesses proves that this isn't hurting foreign companies and we're paying for the tariffs.

[-] DaddleDew@lemmy.world 2 points 1 week ago

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

[-] RememberTheApollo_@lemmy.world 1 points 1 week ago

All that money will go to the businesses, you’ll get a coupon for $1 off and a free credit check.

[-] Decq@lemmy.world 2 points 1 week ago

Wouldn't surprise if this is part of the scam. Put on tarrifs, hike prices. Let the customer pay and then give companies a rebate with tax money. So the average citizen is charged twice. And of course those price hikes will only go partially down. So the consumer keeps getting screwed.

[-] gAlienLifeform@lemmy.world 2 points 1 week ago

Soon "See, this is yet another example of why we can't trust the government to do anything right and why we should defund and shutter all of our public institutions." - moderate pundit on well respected mainstream news channel

load more comments (1 replies)
load more comments
view more: next ›
this post was submitted on 03 Sep 2025
137 points (99.3% liked)

News

32158 readers
660 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS