berg80
Diamond Member
- Oct 28, 2017
- 33,311
- 27,167
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The impending SC ruling isn't about good and evil. It's about the limits of executive authority.Is every nation that is not the USA that uses tarrifs also evil?
From the buy-in-bulk retailer Costco to the canned-tuna company Bumble Bee Foods, some U.S. businesses are racing to get in line for tariff refunds, anticipating that the Supreme Court will soon rule against President Trump and force him to return billions of dollars collected on imports.
A growing roster of companies in recent weeks has hired lawyers, filed lawsuits or submitted official claims to the U.S. government, all in an early bid to secure a quick payout in the event that the centerpiece of Mr. Trump’s global trade war is struck down.
For the moment, the fate of the money collected from his sweeping tariffs rests in the hands of the Supreme Court justices. At oral arguments last month, they seemed skeptical of the president’s vast assertions of power to tax imports at a whim, stoking suspicions that they could deliver a defining blow to Mr. Trump’s economic strategy.
A ruling against the president could also force the Trump administration to pay back a substantial portion of the roughly $200 billion it has collected in duties since the start of the year. While the Supreme Court offered little indication as to whether it would order such refunds, some businesses have started the legal legwork to obtain them anyway, aiming to beat the rush and recover their full tariff costs.
