Tariffs Ruled Illegal: Where’s Our Refund?
The Supreme Court decreed Trump’s tariffs illegal. Consumers paid the bulk of them, so we’re due some refunds, right?
Years ago, Ray Charles sang: “Them that’s got is them that gets, and I ain’t got nothin’ yet.”
Millions of workaday Americans today are wailing that blues refrain, thanks to price increases caused by President Donald Trump’s slap-happy tariff policy. He gloated that by imposing import levies of $166 billion on foreign companies, they would be forced to lower the prices they charge us. But, Professor Trump, nearly all tariffs are passed along to us consumers, so you’re raising our prices! Indeed, on average, his tariffs have jacked up costs for every American household by about $1,500 a year!
But the Supreme Court has now decreed Trump’s tariffs illegal, so those who paid them are entitled to refunds. Great! Walmart rushed to the front of the line, demanding a $10 billion refund, while other giants are........
