The United States is facing what experts describe as a potential financial crisis as the Supreme Court reviews the legality of President Donald Trump’s wide-reaching emergency tariffs.
Justice Amy Coney Barrett called this scenario ‘a mess’, warning that the government could face an administrative crisis of unprecedented scale.
Trade lawyers say the impact could be overwhelming. Many of President Trump’s tariffs changed multiple times, and shipments often contained goods subject to different rates. The result is years of tangled customs data
Tax payers will owe. Trump buddies will get their refund.
And none of that is going back to the taxpayers, it’s essentially a roundabout way to move money from taxpayers to big corps
This article is missing something huge.
MOST of the refunds wouldn’t go back to the businesses that paid them - they’d go to companies like the investment firm Howard Lutnik’s son runs that bought up as much of the debt as possible for a fraction of its value.
Keep the tariffs and continue to fuck everyone over, cancel the tariffs and it’s a windfall for the son of the SEC.
Almost like this was the plan from the start.
If this happens, president shitstain will have increased the national deficit by close to $3 trillion in under 1 year. Jfc
Republicans are good at the economy tho
One of many ironies of the republican brand.
When has Trump lost anything at the Supreme Court? Aren’t they in his pocket?
This is the “corporations are people supreme court” vs “guy they all like to think doesn’t suck bill clinton’s dick”
The real question is how much do they love corporations. I fully expect them to say something like “Trump can’t change the tariffs but the government doesn’t have to return anything”
From the comments during the trial, he may very well lose this one.
The trouble is that conservatives hate taxes, and the old ones are just smart enough to know that tariffs are just another way of taxing things. If you go back through Project 2025, you’ll find two opinions on them. One took the libertarian view that tariffs are bad, period. The other took the protectionism view that some tariffs were necessary in order to beat China. Neither wanted such gigantic, across the board tariffs.
The old conservatives on the court were making some very skeptical questions of the Administration lawyers, and didn’t seem to be buying the answers. We’ll see what happens when the ruling comes out, but that sort of thing is a pretty reliable signal of where they’re going to land.
All that said, what’s going to happen is that after prices to average people rose due to tariffs, the payback will go to the companies that imported things, and they’ll pocket the money.
Also, the prices won’t go back down to pre-tariff levels.
