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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[+] 339 points 1 year ago (34 children)
  • [–] 143 points 1 year ago (20 children)

    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.

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  • [–] 22 points 1 year 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.

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  • [–] 38 points 1 year ago (16 children)
  • [–] 50 points 1 year ago (1 child)

    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.

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  • [–] 8 points 1 year ago (11 children)

    Is that how frogs are cooked? Like a lobsters?

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  • [–] 33 points 1 year ago (10 children)

    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.

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  • [–] 5 points 1 year ago

    The original test had frogs brains removed. A brainless frog will not jump out of water when the temperature is slowly increased. If you increase the temperature quickly though, even a brainless frog will react to temperature change out of raw reflex.

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  • [–] 4 points 1 year ago (4 children)

    I haven’t even heard that as a common myth. Lobsters, yes. We are lobsters. Frogs? Perhaps very obese frogs

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  • [–] 17 points 1 year ago (3 children)

    It's a misunderstanding of an old experiment where frogs were lobotomized before being exposed to the slowly rising temperature of the water.

    https://en.wikipedia.org/wiki/Boiling_frog

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  • [–] 6 points 1 year ago (2 children)

    Fascinating. People are sick though.

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  • [–] 18 points 1 year ago (3 children)

    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.

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  • [–] 24 points 1 year ago (2 children)

    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

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  • [–] 14 points 1 year ago (6 children)

    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.

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  • [–] -2 points 1 year ago (5 children)

    I feel like this was already expected or part of some master plan

    OMG stop. We've elected conspiracy theorists already and things are going to shit. We need to stop conspiratorial thinking.

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  • [–] 7 points 1 year ago (4 children)

    Is it really conspiratorial when the Commerce Secretary's kids are literally selling financial products that pretty much assume the tariffs will be tossed in court? Sure as fuck seems to me like they planned this based on their already existing actions.

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

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  • [–] -2 points 1 year ago (3 children)

    Yes, yes it is. Accusations raised about grand conspiracy between companies and government with zero evidence provided other than "I feel like" is a conspiracy theory.

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  • [–] 2 points 1 year ago (2 children)
  • [–] 1 point 1 year ago (1 child)

    So - relevant evidence not just any evidence of anything. Jesus Christ. Evidence of "Crime A" can't be used to support "Crime B".

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  • [–] 1 point 1 year ago

    I feel like this was already expected or part of some master plan

    OMG stop. We've elected conspiracy theorists already and things are going to shit. We need to stop conspiratorial thinking.

    This is what you said. I provided a well sourced article that literally confirms this was expected/planned and you're claiming that's not relevant? Yeah, I'm good with not talking to you anymore.

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  • [–] 11 points 1 year 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.

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