Federal government on the hook to return billions in collected tariffs
Federal government on the hook to return billions in collected tariffs
The government is now on the hook to return roughly $166 billion in tariffs after the Supreme Court ruled those taxes were imposed improperly. That’s not a small clerical error. That’s a massive policy reversal with real money on the line for businesses, and possibly even us — the consumer.
And yet, instead of focusing on his massive miscalculation and how to cleanly fix it, the president is sending a very different message.
President Trump says it would be “brilliant” if companies don’t even ask for their money back. And then he added something that raises eyebrows: “If they don’t do that, I’ll remember them.”
We’re talking about billions of dollars that companies are legally entitled to reclaim, with an expectation that the process is neutral, rules-based and fair. Not personal. Not political. Not dependent on whether you’re in the president’s good graces.
For a refresher: The Supreme Court ruled, in a 6-3 decision, that the........
