Trump admin to pay back $166 billion in tarrifs after policy failure

[StmarysCity79]

After Trumps Tariff failure the administration will now begin paying back $166 billion in tariffs it illegally collected.

By Monday morning, those companies can begin to submit documentation to the government to recover what they paid in illegal tariffs. In a sign of the demand, more than 3,000 businesses, including FedEx and Costco, have already sued the Trump administration in a bid to secure their refunds, with some cases filed even before the Supreme Court’s ruling.

But only the entities that officially paid the tariffs are eligible to recover that money. That means that the fuller universe of people affected by Mr. Trump’s policies — including millions of Americans who paid higher prices for the products they bought — are not able to apply for direct relief.
The extent to which consumers realize any gain hinges on whether businesses share the proceeds, something that few have publicly committed to do. Some have started to band together in class-action lawsuits in the hopes of receiving a payout.

https://www.nytimes.com/2026/04/20/business/trump-administration-tariff-refunds.html

 

[Ken King]

Hang on Hoss, how is this to legally work? Those that brought suit charged their consumers higher prices to offset the tariffs imposed and didn't lose anything. Yet those consumers that paid the higher prices can't get back any of their money directly and as the article implies those consumers will have to bring suit (individually or by class-action). Is this all just litigation slush money where only lawyers make money?

 

[RoseRed]

Hang on Hoss, how is this to legally work? Those that brought suit charged their consumers higher prices to offset the tariffs imposed and didn't lose anything. Yet those consumers that paid the higher prices can't get back any of their money directly and as the article implies those consumers will have to bring suit (individually or by class-action). Is this all just litigation slush money where only lawyers make money?

Stop making sense!

 

[Czar]

Wait? I thought these corporations were evil. Now the left loves them?

The extent to which consumers realize any gain hinges on whether businesses share the proceeds, something that few have publicly committed to do.

 

[BOP]

Wait? I thought these corporations were evil. Now the left loves them?

The extent to which consumers realize any gain hinges on whether businesses share the proceeds, something that few have publicly committed to do.

All ethics are subjective and situational. Or something.

 

[DaSDGuy]

Another example of smc79 moving its mouth without engaging its brain. In other words, all the time.

 

[OccamsRazor]

Hang on Hoss, how is this to legally work? Those that brought suit charged their consumers higher prices to offset the tariffs imposed and didn't lose anything. Yet those consumers that paid the higher prices can't get back any of their money directly and as the article implies those consumers will have to bring suit (individually or by class-action). Is this all just litigation slush money where only lawyers make money?

I would think that in order for these companies to get a refund, they would need to legally prove that they actually absorbed the increases due to tariffs instead of raising prices to offset losses. I would venture that small businesses were hit the most to stay competetive. Big Box stores like Costco, Walmart, etc. are the ones that will have an uphill climb as we all know they just passed those increases in costs to consumers.

 

[Czar]

I would think that in order for these companies to get a refund, they would need to legally prove that they actually absorbed the increases due to tariffs instead of raising prices to offset losses. I would venture that small businesses were hit the most to stay competetive. Big Box stores like Costco, Walmart, etc. are the ones that will have an uphill climb as we all know they just passed those increases in costs to consumers.

Come on! Where is your TDS? Stop posting logically.

 

[stgislander]

Jessica still says polling shows Americans are very upset over the tariffs. Truthfully they've not bothered me personally. Some of the stuff I buy for our systems has gone up. We eat that increase if the contract has already been signed.

 

[StmarysCity79]

Hang on Hoss, how is this to legally work? Those that brought suit charged their consumers higher prices to offset the tariffs imposed and didn't lose anything. Yet those consumers that paid the higher prices can't get back any of their money directly and as the article implies those consumers will have to bring suit (individually or by class-action). Is this all just litigation slush money where only lawyers make money?

NO. it's deliberate collusion between Trump and big business to profit off of us.

These companies will now get the money back and the little guy will be left poorer for it.

 

[Ken King]

NO. it's deliberate collusion between Trump and big business to profit off of us.

These companies will now get the money back and the little guy will be left poorer for it.

So you're saying that Trump implemented the tariffs knowing the SCOTUS was going to say he couldn't do it and that the monies collected for the US needs to be returned to those that paid more (for whatever product they bought) which forced them to charge their clients more to offset the tariff fee loss. That would an ingeniously devious scheme, if it were true.

And where does that $166 billion come from? And who is saying it needs to be refunded? Can you cite the case, because it wasn't LEARNING RESOURCES, INC., ET AL. v. TRUMP, PRESIDENT OF THE UNITED STATES, ET AL

 

[StmarysCity79]

So you're saying that Trump implemented the tariffs knowing the SCOTUS was going to say he couldn't do it and that the monies collected for the US needs to be returned to those that paid more (for whatever product they bought) which forced them to charge their clients more to offset the tariff fee loss. That would an ingeniously devious scheme, if it were true.

And where does that $166 billion come from? And who is saying it needs to be refunded? Can you cite the case, because it wasn't LEARNING RESOURCES, INC., ET AL. v. TRUMP, PRESIDENT OF THE UNITED STATES, ET AL

All of this information can be found in the linked article

The Supreme Court ruled on Friday that President Trump exceeded his authority when he imposed sweeping tariffs on imports from nearly every U.S. trading partner, a major setback for his administration’s second-term agenda.
The court’s 6-3 decision has significant implications for the U.S. economy, consumers and the president’s trade policy. The Trump administration had said that a loss at the Supreme Court could force the government to unwind trade deals with other countries and potentially pay hefty refunds to importers.

Read the Supreme Court’s Decision on Trump’s Sweeping Tariffs
Mr. Trump is the first president to claim that a 1970s emergency statute, which does not mention the word “tariffs,” allowed him to unilaterally impose the duties without congressional approval.

Writing for the majority, Chief Justice John G. Roberts Jr. said that statute does not authorize the president to impose tariffs.
“The president asserts the extraordinary power to unilaterally impose tariffs of unlimited amount, duration, and scope. In light of the breadth, history, and constitutional context of that asserted authority, he must identify clear congressional authorization to exercise it,” the chief justice wrote.


The Trump administration on Monday took its first steps toward returning more than $166 billion collected from tariffs that were struck down in February. Just over a year after imposing many of the duties, the government began accepting requests for refunds, surrendering its prized source of revenue — plus interest.

For some U.S. businesses, the highly anticipated refunds could be substantial, offering critical if belated financial relief. Tariffs are taxes on imports, so the president’s trade policies have served as a great burden for companies that rely on foreign goods. Many have had to choose whether to absorb the duties, cut other costs or pass on the expenses to consumers.

By Monday morning, those companies could begin submitting documentation to the government to recover what they paid in illegal tariffs. In a sign of the expected demand, more than 3,000 businesses, including FedEx and Costco, had already sued the Trump administration in a bid to secure their refunds before the application website launched, with some cases filed even predating the Supreme Court’s ruling.

But only the entities that officially paid the tariffs are eligible to recover that money. That means that the fuller universe of people affected by Mr. Trump’s policies — including millions of Americans who paid higher prices for the products they bought — are not able to apply for direct relief.
The extent to which consumers realize any gain hinges on whether businesses share the proceeds, something that few have publicly committed to do. Some have started to band together in class-action lawsuits in the hopes of receiving a payout.
Many business owners said they weren’t sure how easy the tariff refund process would be, particularly given Mr. Trump’s stated opposition to returning the money.

 

[Ken King]

The Trump administration on Monday took its first steps toward returning more than $166 billion collected from tariffs that were struck down in February. Just over a year after imposing many of the duties, the government began accepting requests for refunds, surrendering its prized source of revenue — plus interest.

Where does this information come from? No link, no citation, where was it ordered, which agency is doing this or is this just another NYT wet-dream?