Link to tweet

Glad to see this. I like him and dare I say- I’d like to see him run for President. I think he would do a good job.

It's the electronic era. I'd bet I have records on about 99% of what I've spent since COVID.

Heck, between the archived logs of the e-commerce servers at Amazon, Costco, Walmart and Target, I'd bet they could probably refund half the money right on to the credit cards used to buy the stuff... if they really wanted to.

The importer of record paid the tariffs. That is it. Full stop. They get the restitution. How they mitigated that cost through either increased prices, eat it, push back on vendors, rationalization of operating costs, what the **** ever. The importer of record paid the tariffs.

This bit of tomfoolery by the Governor of Illinois insults our intelligence as much as Trump saying foreign nations pay the tariffs.

Every one of these people are getting on my nerves with their performative horseshit.

……” Research by Harvard University’s Gita Gopinath and University of Chicago Booth School of Business Prof. Brent Neiman offers an early empirical view on what tariffs are actually doing to the U.S. economy. They found that implemented rates have been lower than the announcements have suggested, but also that U.S. buyers—not foreign governments or offshore suppliers—are picking up nearly all the cost.”

And the consumers paid them.

We're I'm at, we pass tariffs down the line, and so do our customers. No way in hell we're eating that cost in this environment. And eventually, it's the end consumer who picks up the tab. Who actually paid the initial tariff duty is irrelevant. If we did simply count it as additional cost of sales and flushed it to our bottom line, well, there's goes some headcount we can't afford and capex we can't afford either. Do you think there's some economic impact from THAT?! Jebbers.

Speaking of getting on one's nerves.

You can’t beat willful stupidity.

can't be refunded. The importer didn't eat any tariff costs, whoever bought the product paid the extra costs and they do keep records.

Those numbers are considerably different than each other.

If a car part comes in a dollar higher because of the tariff, yeah the importer of records pays that extra dollar but whoever buys that car part is going to get charged that extra dollar.

It isn't rocket science to figure out how much money GM should be refunded.

Illinois can send the invoice to the Feds and then have businesses contact the state with invoices to get their refunds.

What's stupid is believing that the illegal extra money paid out can't be refunded.

If Nike imports a shoe from Asia that costs $15 to manufacture and sells it to a kid in Detroit for $200, they likely are going to absorb a tariff of 25% instead of increasing the price to the consumer by $3.75.

No different than a corporation paying any other kind of tax like income or property taxes. Not every penny of a higher corporate income tax always gets passed along to the consumer. In some instances, it does, but depending upon the profit margins and competition, it may not.

Trump has ripped us all off.

Thank you for your attention to this matter.

Has E. Jean Carroll ever gotten her money?
tRump will be long dead before any money is doled out. Uff. Can't be soon enough..
m

I would not be surprised at all if a good chunk of it made it into the pockets of Trump and his billionaire cronies.