I Don’t Understand ALL The Consternation Regarding Tariff Refunds
As I predicted months ago, I said there were definitely parts of the original tariff actions that were clearly unconstitutional and they were very likely to be ruled as such. That is why I said the court purposely scheduled the decision to take as long as possible, to give the administration time to figure out a plan B. If they were going to rule in favor of the administration, they would have expedited the decision. What I can’t understand, is why the administration hasn’t said, that unless you did a one time transaction and will never import anything else in the same product category or line of business, you aren’t going to receive a refund. Rather, if you are an entity that continues to import products into the US, you will receive a credit to be worked off, over time, as you continue to accrue new tariff charges for your imports going forward.
The refund issue is a non issue! Especially since the new tariffs Trump announced will last for at least 150 days or so unless negotiations, modify them.
Great Point
Common Sense – in capital letters