The Trump administration on Monday launched a new system to begin refunding $166 billion in tariffs to U.S. importers after the Supreme Court ruled the levies unlawful earlier this year. The system, known as CAPE, will allow U.S. Customs and Border Protection to issue consolidated electronic payments to importers, streamlining what would otherwise be a complex, entry-by-entry refund process. "It's essentially a fast track for processing refunds," said Reed Smith partner Michael Lowell, adding that importers will need to file claims, but the process should be straightforward. "Customs is estimating that refunds will be processed within 60 to 90 days after submission," he added. "If importers file as soon as the system opens, refunds could begin flowing by mid-June to mid-July." The rollout marks the first phase of the refund effort, meaning not all importers or tariff categories will be eligible right away.
#2 Here's the answer you seek, Nixon:
Where will the $600,000,000,000.00 come from?
"A dividend of at least $2,000 a person (not including high income people!) will be paid to everyone," says the presidentThere are, of course, a few problems here.
If and when SCOTUS overturns Trump's use of tariffs, the federal government will have to refund that $200,000,000,000.00 to corporations.
Not to those of us who had to spend more because of the tariffs.
Nope. That $200,000,000,000.00 will go to the corporations who imported goods and paid the tariffs.
So, you and I paid more for goods over the past whatever months to corporations who paid the federal government the tariffs.
So, when tariffs are refunded, they go back to the corporations, right?
And, will the corporations be sending checks to you and I, because that would be the right thing to do?
LOL
Just more transfer of wealth from the poor and middle class to the wealthy.
Almost like it was planned.
And then there's THIS problem:
"A dividend of at least $2,000 a person (not including high income people!) will be paid to everyone," the Trump.
OK, some simple math here
US Population: 342,000,000
US population minus the 10-15% or so ~high-income~ folk: 300,000,000
So, okay, let's go ...
300,000,000 people times $2,000.00 per person is $600,000,000,000.00
Tariff collection so far in 2025 has been around $200,000,000,000.00
But we've already determined that that $200,000,000,000.00 was going to go to corporations, right?
So, where will the $600,000,000,000.00 come from?
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