A refund system for businesses that paid tariffs which the U.S. Supreme Court ruled Donald Trump imposed without the constitutional authority to do so is scheduled to launch Monday.
Importers and their brokers will be able to begin claiming refunds through an online portal beginning at 8 a.m., according to U.S. Customs and Border Protection, the agency administering the system.
It’s the first step in a complicated process that also might eventually lead to refunds for consumers who were billed for some or all of the tariffs on products shipped to them from outside the United States.
I humbly disagree. No business wanted tariffs[1]. They knew it would wreak havoc with higher prices, driving down profits. That they are getting this windfall was certainly not guaranteed at the outset.
Furthermore, Trump did this pretty unilaterally. Not after pressure from businesses.
So no, I don’t think this was a plan all along.
Oh, I’m sure you can find an exception or two ↩︎