540
Trump says he will 'remember' companies that don't seek tariff refunds (www.cnbc.com)
submitted 4 months ago by to c/news@lemmy.world
122 comments fedilink hide all child comments
 

Donald Trump on Tuesday told CNBC that he will gratefully “remember” U.S. companies that do not seek refunds for the tariffs he unilaterally imposed, which the Supreme Court later ruled were illegal.

Trump’s comment on “Squawk Box” came a day after U.S. Customs and Border Protection opened a portal for importers to seek more than $160 billion in potential refunds for the so-called IEEPA tariffs.

He was asked about a number of large companies, among them Apple and Amazon, that have not filed requests for refunds for the tariffs they paid, potentially because they are worried about “offending” Trump.

you are viewing a single comment's thread
view the rest of the comments
[–] 3 points 4 months ago (1 child)

Big company guy here. I have no involvement in tariffs, but I suspect:

  • no one team paid the tariffs
  • tariff related expenses were not consistently cataloged
  • no one team has an "official company tariff refunder" role and no one wants the tedious one-time responsibility

Big company = big bureaucracy. Theres probably an intern somewhere combing through hundreds of thousands of documents labeled "tax" and trying to guess what is a border tariff, while their leader feeds the same document into ChatGPT and says "ChatGPT says we're owed 5 quintillion dollars, can you validate that?"

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [+] 2 points 4 months ago (1 child)
    [deleted]
  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 1 point 4 months ago (1 child)

    IE if it is imported their going to pay a tariff on that

    Only when big company is the importer of record.

    There are probably many tariffs paid to 3rd parties just like me paying UPS for a package shipped overseas, which just like me, big company can't claim. Unlike me, however, big company is probably gearing up to send the lawyers to UPS/FedEx instead of Washington, because that's who is getting some of their tariff dollars.

    So it wouldn't be hard to figure out

    You'd be amazed how hard it is to figure something like that out. Hundreds or even thousands of people inputting data means nothing is filed correctly. The total costs are tracked closely because banks, but the below the line tariff amount could be buried in a phone camera photo of a receipt on someone's computer screen.

    Best case scenario you can filter directly for payments made to the government, but even that is prone to failure if they use a separate payment processor (e.g., for things paid via credit card).

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •