The majority of the sweeping tariffs Donald Trump imposed during his second term face one final litmus test that will determine whether he can continue to levy them – and also whether businesses are eligible for massive refunds.
That potentially dramatic turn in the tariff saga comes after a federal appeals court ruled on Friday that Trump unlawfully leaned on the International Emergency Economic Powers Act (IEEPA) to impose across-the-board duties on countries.
Trump had used those powers to push import tax rates as high as 50% on India and Brazil – and as high as 145% on China earlier this year.
How much of that will be pocketed by his cronies because the rules for payout were vague enough for their random LLC.
Lutnick’s company has been literally buying up claims to these tariff refunds for pennies on the dollar.
https://www.wired.com/story/cantor-fitzgerald-trump-tariff-refunds/
Pretty sure refunded tariffs will be based on transactions and… Yeah you are right nevermind.