Thread #1506455
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https://www.reuters.com/legal/transactional/us-set-launch-tariff-refund-system-april-20-2026-04-14/
President Donald Trump's administration plans to launch next Monday the system it will use for issuing refunds to American importers for $166 billion the companies paid in tariffs that the U.S. Supreme Court struck down in February as unlawful.
U.S. Customs and Border Protection said in a court filing on Tuesday that it has completed the development of the initial phase of the refund system, known as CAPE. The system will consolidate refunds so importers will receive one electronic payment, with interest when applicable, rather than processing refunds on an entry-by-entry basis.
Agency official Brandon Lord made the declaration in the filing with the New York-based Court of International Trade. The agency disclosed the CAPE launch date in a separate announcement on Friday.
The Supreme Court ruled that Trump overstepped his authority in imposing sweeping global tariffs under the International Emergency Economic Powers Act, a 1977 law meant for use in national emergencies.
Tuesday's filing said that as of April 9 some 56,497 importers had completed the process to receive electronic refunds for tariffs affected by the court's ruling, an amount totaling $127 billion.
The agency has said it plans to roll out the refund system in phases.
Lord said in his declaration that the agency is considering options for processing refunds on a subset of entries that were subject to $2.9 billion in tariffs. Lord said these normally would require manual processing, which would dramatically increase the workload and divert personnel from the agency's trade operations and enforcement.
After the Supreme Court's decision, importers sued for refunds in the Court of International Trade, which is monitoring the development of the refund system.
More than 330,000 importers paid the tariffs at issue on 53 million shipments of imported goods, according to court documents.
+Showing all 35 replies.
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Customs and Border Protection has said the CAPE system will initially process refunds on recently imported goods and straightforward entries.
Many smaller importers feared the cost of the refund process would outweigh the benefits of trying to get reimbursed, forcing some companies to explore creative financing options related to refunds.
Trump denounced the Supreme Court after its ruling and imposed a new temporary global tariff under a different law, though that also has been challenged in court.
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Literal pirates running the country
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>>1506455
When Trump finally gets thrown out of office and 90% of his policies are reversed the economy is going to boom.
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>>1506455
Yeah, to the importers, who weren't fucking paying them.
Not only did we have to pay for these tariffs, now we have to pay for their "refund" too.
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>>1506455
>Get bill for tariffs
>offload cost onto consumer
>get refund
>paid in consumer's tax dollars
>prices wont come down because now they know you'll pay the jacked up price
Oh cool so the american people got robbed again
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>>1506455
I can’t wait to see how his cronies take advantage of this and siphon off our tax dollars
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>>1506466
>>1506469
Consumers will have to file a kind of tax return thing but for the tariffs
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>>1506465
Just like the Obama economy boomed when he reversed all of Bush's policies?
Or the Biden economy boomed after he reversed Trump's first term policies?
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>>1506515
>Just like the Obama economy boomed when he reversed all of Bush's policies?
The 2007-2008 financial crisis prevented most of that, but yes.
>Or the Biden economy boomed after he reversed Trump's first term policies?
The worldwide coronavirus pandemic prevented most of that, but yes.
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>>1506526
So you're telling me the next democrat is going to reverse all of Trump's policies, their economy is going to suck, but it's not going to be their fault because they can point and blame something besides their policies and decisions for their poor performance?
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>>1506527
Its probably hard for you to understand because your underdeveloped brain can't understand delayed outcomes.
Just pretend its magic, like when you put bread into the toaster and toast comes out
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>>1506528
You should just keep listening to whatever copes the media comes up with, instead of realizing it is Democrat policies that are causing Democrats to have poor economic performance during their presidencies
https://www.youtube.com/watch?v=wj2cD8Q5hS8
If we just destroy enough used vehicles we can make the price of a used car more affordable
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>>1506527
When the next democrat wins the economy will boom and not just in America, correct.
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>>1506529
>John Stossel
How does anyone still listen to that scam artist?
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>>1506533
Morons need someone else to tell them their obvious retardation is valid
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>>1506535
>>1506529
>it is Democrat policies that are causing Democrats to have poor economic performance during their presidencies
What are you talking about? The GDP always goes up more when a dem is president. Since you're a retard I googled it for you:

>Key Economic Data Findings:

> GDP Growth: Annual real GDP growth has averaged significantly higher during Democratic administrations compared to Republican administrations (approx. 3.79% vs. 2.60%).
> Job Creation: Total job growth has been higher under Democrats, with studies showing an average of 2.5% annual growth compared to just over 1% under Republicans.
> Investment and Markets: Business investment and stock market performance have frequently outperformed under Democrats, often attributed to higher demand driven by lower-income growth, which drives consumption.
> Contextual Factors: Economists have noted that this performance gap is not necessarily due solely to policy; factors like lower oil prices and unexpected economic shocks (recessions or pandemics) also play a role, regardless of which party is in office.
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>>1506465
it never happens that way. Democrats keep the worst of the policies and clean up a little bit. It has always been done this way.

both sides like what he has done. one just pretends not to.
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>>1506539
Where do you people get this shit from?
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>>1506527
The economy is going to be fucked for the next 30yrs at this rate
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>>1506527
Trump's policies are so shit any reversal would have a pretty immediate positive effect. The main lingering issues would legitimately be the sheer destruction in trust from other countries because we've exposed how all it takes is one semi-charismatic retard to turn us into a hostile trade partner.
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>>1506541
Classic Russian tactic of saying both sides are bad to cover up for the objectively worse policies of Republicans.
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;-)
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>>1506570
There are many kinds of Russian
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>>1506465
>policies meant to curb spending waste money and raise taxes are going to boom the economy
ya ok
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>>1506570
democrats have objectively the worst policies the only ones pretending otherwise are delusional mentally ill retards who should get iced like you
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>>1506861
why don't you ever have good posts, esl shill
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>>1506455
The tariff cost was passed on to the consumer though so does that mean the company just gets to keep the extra profits?
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>>1506465
This. Once we import another 50,000,000 third worlders, the line will go up so much!
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>>1506469
>american people got robbed again
and? are you going to do something about it? no?
Then shut the fuck up
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>>1506533
What scam was Stossel the artist of?
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>>1506877
Seems that way. Maybe consumers have to produce receipts to the businesses and they can pass the money on. It’s a fucking mess, the refund should be at the last point of sale. Bunch of corrupt retards running things
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>>1506960
https://www.sourcewatch.org/index.php/John_Stossel
>In September 1996 Stossel gave a speech to the Federalist Society in Washington, D.C. Russell Mokhiber and Robert Weissman reported that when it came to the question and answer session Stossel was asked: "If you believe that consumer reporting works, and is a better regulator than regulation or lawsuits, why did you stop doing it?"

>"I got sick of it," Stossel responded. "I also now make so much money I just lost interest in saving a buck on a can of peas. Twenty years was enough. But mainly, I came to realize that the government was doing far more harm to people than business and I ought to be reporting on that. Nobody else was."

He's an anti-government loon who is paid by billionire-funded thinktanks to promote pseudo-libertarian "freedom" ideals while at the same time trying to discredit anything the government does which conflicts with the free market.
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>>1506889
Did you get your H1-b visa yet?
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>>1506987
I watch his youtube channel, and he explains pretty well how the government was doing far more harm to people than business.
https://www.youtube.com/watch?v=IqMFBdWkfo0
https://www.youtube.com/watch?v=IHXtHZpDvAo
And you can critique him for being paid by billionaires. Every single New York Times and Washington Post is being paid by and owned by a billionaire. There very well may be a billionaire behind Reuters. But you don't apply this critique to these sources.
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>>1507010
He's doing the same thing Geraldo and other former 20/20 people have done. He's a bad faith former journalist cashing in on his name to trick old people (his audience) into believing his anti-government agenda. It's not that he lies openly, it's that he lies by omission.

For one example, one show of his was making it seem like the government program in which he got them to pay for his golf cart is fraud, when in reality the same program has saved millions of lives for people who need wheelchairs and Stossel scammed a call center employee into thinking his claim was legitimate.

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