How are they even going to track how much companies should get as refunds? Will consumers see anything in lower prices? I don’t get it.
saurus-REXicon on
Is there going to be an portal for the people/ citizens that paid the tariffs? Asking for millions of friends.
sd92115 on
No potential for fraud here or to grift funds back to MAGA friends and donors.
FunctionalGray on
Can’t wait to find out after the portal closes how many senators and government officials skim off of this like they did off the Covid one.
This is going to be a giant, unregulated money grab. Might as well get yours, too, this time around.
Ostentatious_Kilroy on
Time for some lawsuits. This is theft from paying customers.
chilidetective on
I’ll be asking for 30 billion in refund for emotional damages.
OptimisticSkeleton on
Wouldn’t it be cool if the companies who keep the refunds are destroyed by that decision?
The public is looking for a fight. Let’s hope a few or the worst companies are outright bankrupted because of this.
throughtheportal on
Some of the products I bought, had a specific line item. Which said “import tariff charge”.
Specifically eBay had/has this.
I’d like to know how I can get a refund, as I have a receipt which states it.
** I also well aware that this is highly likely why the trump admin got hell bent when companies like amazon tried to create line items like this at first. But forced them not to. It’s much easy for people like nutlick to form their refund scam, when there is no consumer line item.
miscman127 on
Holy shit the shilling on the site will be just like PPP
jumpijehosaphat on
if you thought the fraud PPP loans were out of hand, this is part 2 bigelow
MustWarn0thers on
Use bone headed policy to increase costs, long enough that the effects make it down to the consumer. Get checked by your own hand picked Supreme Court and cry about it, give money to these companies, tangentially benefiting the wealthy once again.
How absolutely brain dead do you have to be to still support this man.
rodimusprime88 on
LOL. The crash is going to make the Obamacare website crash look like stubbed toe.
LowBarometer on
I was charged a tariff of $9,500 for a product I purchased. If I sued the company that sold me the product, to be refunded the amount of the tariff, what’s the likelihood I would win?
pollorojo on
$166 billion, so Amazon will get about 65% of that, Walmart will take a bunch, a few other companies will get a little, and us regular people won’t get shit.
OffDutyLouie on
So we pay our taxes & the government gives us less back in a refund..We pay more in consumer goods due to high tariffs but only companies will get a refund from that..Own a home but not the land..Some fucking American dream..
Farts-n-Letters on
166 billion in estimated tariffs.
Will pay out 500 billion in claims.
BaconManDan9 on
How about all the customs charges I got from
DHL and invoice from buying directly from
China?
God_Bless_Texas_Yall on
These companies already passed on tariff exposure to their customers. They will claim 100% loss and thus commit fraud.
I highly doubt anyone gets any piece of this for YEARS. Nor should they.
_DividesByZero_ on
It team Trump created it, then I expect it to break often and they’re probably skim a little off the top.
onehaz on
They did not eat any of the cost for the consumers, or it wouldn’t be record breaking profit and yet again, wealth from the bottom gets syphoned to the top.
KB_Sez on
Companies are going to get refunds and out of all of them maybe 3 or 4 will actually try to refund something back to consumers – the rest will keep the money and claim it’s too hard to refund the money and then keep their prices higher
WomenTrucksAndJesus on
But wait, I thought other countries were paying the tarrifs. /s
Beave1 on
With the economic disaster we’re seeing start to unfold due to energy prices and Iran, I’m just hoping those refunds stave off layoffs for another couple of months.
cecilmeyer on
So they lie and say they absorbed the cost pass the cost onto customers and then they get a refund.
This country is so corrupt it is not even believable anymore.
Rurumo666 on
An estimated 85% of all PPP loans were fraudulent, I have zero doubts we are about to witness another grossly incompetent Trump Admin baboon rollout that results in massive losses of taxpayer funds just like the PPP.
sjadowcrash on
Oh look a fraud portal
ICLazeru on
Probably designed to crash the 6 minutes after it opens.
johnnycyberpunk on
The passport renewal site sure isn’t, it’s constantly “down” due to technical issues.
They definitely don’t want people voting this year.
WTFOMGBBQ on
Another GOP handout like the PPP “loans”. When will the plebs wake the F up?
Moonunit08 on
Oh the fraud and scams coming with this. Just like the PPP loans or whatever they’re called from covid. This will be even worse. Where do I sign up? lol
marcbolanman on
Let me get this straight – the companies passed on the tariffs in the form of higher prices to consumers, and now those companies get a refund? How is this anything but a way for the ownership class to rip off consumers?
LinkovichChomovsky82 on
Another fresh deposit for the parasite class.
freexanarchy on
Every time the gop screws things up? Time to refund the corporations only.
Smith6612 on
Don’t know why there needs to be a portal for this. The government knows where the Tariff payments came from. Return the money with the stipulation that the money must be returned to the original source if collected as part of the sale.
Any shop collecting tariff adjustment fees would be able to replay that data in their point of sales system. For everyone else, it’s just a bad day for the accounting team.
This will probably be the PPP system all over again. That blew over with a ton of fraud.
mechy84 on
It’s gonna be PPP-2: Fraudulent boogaloo.
ThomW on
So the companies who used fancy accounting to pay $0 in federal taxes are getting refunds for costs they passed onto the folks who didn’t use fancy accounting to avoid paying their taxes. We also paid to have that stupid website built. Great job, everyone.
jtsrgmc on
I don’t understand, I thought foreign countries paid the tariffs, that’s what Trump told us….. s/
brainsack on
How many companies actually “ate” the tariff and didn’t pass the bill down to the consumer?
0utsideInformation on
Great so companies raised prices to pass tariffs on to consumers and now they’re getting paid double. As a whole consumers won’t see any of these refunds.
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40 Kommentare
“Data harvesting honey pot”
FTFY npr.
How are they even going to track how much companies should get as refunds? Will consumers see anything in lower prices? I don’t get it.
Is there going to be an portal for the people/ citizens that paid the tariffs? Asking for millions of friends.
No potential for fraud here or to grift funds back to MAGA friends and donors.
Can’t wait to find out after the portal closes how many senators and government officials skim off of this like they did off the Covid one.
This is going to be a giant, unregulated money grab. Might as well get yours, too, this time around.
Time for some lawsuits. This is theft from paying customers.
I’ll be asking for 30 billion in refund for emotional damages.
Wouldn’t it be cool if the companies who keep the refunds are destroyed by that decision?
The public is looking for a fight. Let’s hope a few or the worst companies are outright bankrupted because of this.
Some of the products I bought, had a specific line item. Which said “import tariff charge”.
Specifically eBay had/has this.
I’d like to know how I can get a refund, as I have a receipt which states it.
** I also well aware that this is highly likely why the trump admin got hell bent when companies like amazon tried to create line items like this at first. But forced them not to. It’s much easy for people like nutlick to form their refund scam, when there is no consumer line item.
Holy shit the shilling on the site will be just like PPP
if you thought the fraud PPP loans were out of hand, this is part 2 bigelow
Use bone headed policy to increase costs, long enough that the effects make it down to the consumer. Get checked by your own hand picked Supreme Court and cry about it, give money to these companies, tangentially benefiting the wealthy once again.
How absolutely brain dead do you have to be to still support this man.
LOL. The crash is going to make the Obamacare website crash look like stubbed toe.
I was charged a tariff of $9,500 for a product I purchased. If I sued the company that sold me the product, to be refunded the amount of the tariff, what’s the likelihood I would win?
$166 billion, so Amazon will get about 65% of that, Walmart will take a bunch, a few other companies will get a little, and us regular people won’t get shit.
So we pay our taxes & the government gives us less back in a refund..We pay more in consumer goods due to high tariffs but only companies will get a refund from that..Own a home but not the land..Some fucking American dream..
166 billion in estimated tariffs.
Will pay out 500 billion in claims.
How about all the customs charges I got from
DHL and invoice from buying directly from
China?
These companies already passed on tariff exposure to their customers. They will claim 100% loss and thus commit fraud.
I highly doubt anyone gets any piece of this for YEARS. Nor should they.
It team Trump created it, then I expect it to break often and they’re probably skim a little off the top.
They did not eat any of the cost for the consumers, or it wouldn’t be record breaking profit and yet again, wealth from the bottom gets syphoned to the top.
Companies are going to get refunds and out of all of them maybe 3 or 4 will actually try to refund something back to consumers – the rest will keep the money and claim it’s too hard to refund the money and then keep their prices higher
But wait, I thought other countries were paying the tarrifs. /s
With the economic disaster we’re seeing start to unfold due to energy prices and Iran, I’m just hoping those refunds stave off layoffs for another couple of months.
So they lie and say they absorbed the cost pass the cost onto customers and then they get a refund.
This country is so corrupt it is not even believable anymore.
An estimated 85% of all PPP loans were fraudulent, I have zero doubts we are about to witness another grossly incompetent Trump Admin baboon rollout that results in massive losses of taxpayer funds just like the PPP.
Oh look a fraud portal
Probably designed to crash the 6 minutes after it opens.
The passport renewal site sure isn’t, it’s constantly “down” due to technical issues.
They definitely don’t want people voting this year.
Another GOP handout like the PPP “loans”. When will the plebs wake the F up?
Oh the fraud and scams coming with this. Just like the PPP loans or whatever they’re called from covid. This will be even worse. Where do I sign up? lol
Let me get this straight – the companies passed on the tariffs in the form of higher prices to consumers, and now those companies get a refund? How is this anything but a way for the ownership class to rip off consumers?
Another fresh deposit for the parasite class.
Every time the gop screws things up? Time to refund the corporations only.
Don’t know why there needs to be a portal for this. The government knows where the Tariff payments came from. Return the money with the stipulation that the money must be returned to the original source if collected as part of the sale.
Any shop collecting tariff adjustment fees would be able to replay that data in their point of sales system. For everyone else, it’s just a bad day for the accounting team.
This will probably be the PPP system all over again. That blew over with a ton of fraud.
It’s gonna be PPP-2: Fraudulent boogaloo.
So the companies who used fancy accounting to pay $0 in federal taxes are getting refunds for costs they passed onto the folks who didn’t use fancy accounting to avoid paying their taxes. We also paid to have that stupid website built. Great job, everyone.
I don’t understand, I thought foreign countries paid the tariffs, that’s what Trump told us….. s/
How many companies actually “ate” the tariff and didn’t pass the bill down to the consumer?
Great so companies raised prices to pass tariffs on to consumers and now they’re getting paid double. As a whole consumers won’t see any of these refunds.