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.

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[–] 95 points 1 year ago (10 children)
  • [–] 50 points 1 year ago (5 children)

    But surely the companies would lower their prices once tariffs went away, right?

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

    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.

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

    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

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  • [–] 15 points 1 year 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

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