Today's tariff ruling is much bigger than most people realize: If Supreme Court strikes down Trump's tariffs, the US Treasury will face a MASSIVE refund liability. This potential liability is expected to be up to $1 TRILLION to importers. Why? Because, if the Supreme Court rules the tariffs are illegal, tariff payments are considered "wrongly collected taxes." These tariffs have been applied to 150+ countries and nearly every product. Today's ruling will reshape the global economy regardless of the direction it goes. Trump says it's "life or death" for the US.
Replying to @KobeissiLetter
Furthermore, tariffs are borne by U.S. citizens; not one of those 150+ countries paid a single cent.

Nov 5, 2025 路 7:09 PM UTC

1
10
Hmmm. Walmart and Amazon could benefit greatly. Toyota (plus suppliers) said they paid $9 billion in tariffs. However, the refunded tariffs would be additional income and the corporate tax rate would send 21% back to the IRS.
1
2
Maybe that was a plan all along - with this tax
1