The Supreme Court on Friday ruled that President Donald Trump violated federal law when he unilaterally imposed sweeping tariffs across the globe, a striking loss for the White House on an issue that has been central to the president’s foreign policy and economic agenda.

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[–] 217 points 8 months ago (28 children)

So they are going to pay it back right?……….Right?

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  • [–] 239 points 8 months ago (20 children)

    There are already lawsuits filed for refunds of tariff payments. Of course the money will go to the companies that made the payments. All of us who actually paid them by paying more for basically every consumer good are out of luck.

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  • [–] 153 points 8 months ago (2 children)

    Wealth transfer from labor to the ownership class.

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  • [–] 69 points 8 months ago* (last edited 8 months ago) (9 children)

    Companies that made the payments already sold their rights to this refunds to investment funds for cents on the dollar. Now the funds will make shitload of money. And guess who invested in all of it? Yes, people connected to Trump!

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

    They straight out robbed everyone.

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  • [–] 22 points 8 months ago (3 children)

    Lmfao of course they had something like this set up

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  • [–] 7 points 8 months ago (2 children)

    I posted this link before. Sometimes I feel like not everyone here is reading my comments.

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  • [–] 2 points 8 months ago* (last edited 8 months ago) (1 child)

    Yet another outrageous wealth transfer... It's almost like a game to them at this point - how many ways can they extort the American taxpayer before they either run out of ideas or we put their heads on spikes?

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  • [–] 4 points 8 months ago

    Or before everyone is so poor there's nothing left to steal.

    Remember all the SciFi movies from the 80s where the ruling class lives in skyscrapers and everyone else is fighting for survival in slums ruled by gangs? With militarized police murdering people left and right? Turns out people that came up with this were 100% right.

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  • [–] 5 points 8 months ago

    It this were a proper, well regulated capitalist marketplace with actual competition, the company that sold you the widget might offer you a rebate on your next order so that they could keep your business. But, when your only real option is Amazon, they know you're not going anywhere, so they'll keep the tariff repayment and just wait for your next order.

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  • [–] 13 points 8 months ago

    There's always the chance Costco gives its customers something. They have records of everything purchased by members. Every other company, I wouldn't hold my breath. These tariffs have cost companies a lot in paperwork as well.

    Maybe commercial clients who have bought something really substantial will get something refunded.

    That's all if Trump's government complies, which he's previously said it wouldn't. He'll make another excuse or appeal it until he's gone, making it someone else's problem.

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  • [–] 9 points 8 months ago* (last edited 8 months ago)

    So...

    ... yeah...

    According to the Fed, as of early-mid Jan 2026, you're looking at $287 billion dollars of total Trump tariff revenue.

    https://www.richmondfed.org/research/national_economy/macro_minute/2026/how_much_revenue_raised_by_tariffs_so_far

    Also, over the last year, into this one, the Treasury has been massively expanding its General Account, which is functionally the checking account of the Federal Government.

    Its around $900 billion right now.

    Normally its more like several hundred billion, 200 b, 300 b.

    Why is it so large right now?

    Well, because the Treasury (Bessent) has decided to just massively shift as much of the Gov's debt refinancing as possible, over to... short term debt issuance, like, 1 Year T bills and even shorter duration notes.

    Like uh, just a few days ago, the Gov issued (refinanced) around $212 billion of debt.

    So yeah, we had a one day debt rollover that... rivals the entire size of the Treasury General Account basically pre-covid.

    Every 5 days (business week), the US Gov is refinancing roughly $600 billion of debt.

    ... what I am trying to say is that even if the treasury were to somehow pay back around $300 billion of illegal tariff revenue...

    Well, that would take a while.

    Because the Treasury doesn't have the margin to do that.

    ... It could very well be the case that Fed would have to print money, to buy the T Bills, so the money in the TGA... could repay the ... tariffs.

    That latest $212 billion rollover ?

    The Fed had to print, poof into existence, $8 billion of it. And thats without the Fed Gov trying to add another $300 billion into... some... kind of... payment plan?

    I don't know man, I'm an econometrician by training, but... to my knowledge nothing comparable to this has ever happened before.

    This is not looking so good.

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  • [–] 5 points 8 months ago

    Pay who back? All the citizens this administration fleeced?

    If corporations are paid back they aren't going to give refunds to all of their costumers they directly forwarded these costs to.

    We all got fucked. Trump fucked us, as well as his own supporters.

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  • [–] 5 points 8 months ago*

    To some corporations I'm sure. Not to the consumers that actually paid the cost of them. A lot of corporations bought surplus before tariffs went into effect. Then they raised prices as if the Tariffs were affecting them instantly. Now some will surely get pay backs and double dip in the profits.

    This has been and always will be a tax on the consumer and the working class. It is nothing but capital consolidation methods and class warfare. Those loyal to Trump get exclusions and profit from the Tariffs. Those that do not are hurt (all small business and some larger corps that don't play ball).

    It is a means of solidifying loyalty to the fascist state.

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