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Bessent: I got a feeling the American people won't see the $175 billion in tariff revenue we collected
#winning message right there |
Oh, they're not idiots. Did you read how Lutnick's family made a killing off this SC ruling, no doubt having received advance information? These criminals know what they're doing. We are the "little people" and they don't give a rat's azz what we think of them or their games to enrich themselves at our expense. Get it? They think we're idiots. |
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I will be curious to see how Trump and company argue that the predicate for 122 tariffs is met.
"SEC. 122. BALANCE-OF-PAYMENTS AUTHORITY. (a) Whenever fundamental international payments problems require special import measures to restrict imports". What international payments problems are we seeing? |
That is insane. Why?? |
+1 You may not be able to put Humpty Dumpty back together again, but that doesn't mean you refuse to acknowledge that it was unlawful to push him off the wall. |
My guess is you get a refund or it gets struck off. |
Congressional Republicans collectively decided to abdicate their authority, brains, and spines to a comically dumb reality TV star for reasons I will never begin to comprehend. |
He's Trump's b(tch. |
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It's "easy" only if all companies absorbed the entire cost of the tariff at the point the tariff was levied (and the tariffs didn't put the company out of business...), but, in fact, the actual tariff payees are everywhere. In most cases, some portion of the cost was passed on/paid by various intermediaries, incorporated in cost increases in downstream goods, exported/reexported, etc. with the remainder paid by the ultimate consumer. |
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So they are all going to be put on the spot to vote for unpopular tariffs or against Trump in about July, just three months before the election. Amazing! |
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Don't know if this was mentioned earlier, but won't the refunds accrue only to the importing companies? It's not like it will unwind to the tarrifs' inflationary effect on the prices consumers have paid. And with the extra 10% coming (presumably to try to make up for the lost tarriff revenue), those inflated prices only will continue to rise.
All so that they could pass a tax cut package accruing hugely more to the rather wealthy. Protectionism (much like communism) was a red herring. |
If I can sue, I'm going to sue to get my money back. I've been paying more for everything since that POS started slapping tariffs on all the foreign goods I buy. |