A CNBC report warns the US could face a £760bn ($1tn) tariff refund crisis as the Supreme Court reviews President Trump's use of emergency trade powers.

The United States is facing what experts describe as a potential financial crisis as the Supreme Court reviews the legality of President Donald Trump’s wide-reaching emergency tariffs.

Justice Amy Coney Barrett called this scenario ‘a mess’, warning that the government could face an administrative crisis of unprecedented scale.

Trade lawyers say the impact could be overwhelming. Many of President Trump’s tariffs changed multiple times, and shipments often contained goods subject to different rates. The result is years of tangled customs data

  • catbum@lemmy.worldEnglish
    5·
    3 hours ago

    Holy f u c k .

    All of what follows from me here is completely speculative based on the article summary and your very, very insightful, horrifying addition.

    The “Supreme Court” doing a “good thing” in frankly both maga and non-maga groups’ eyes would basically be them attempting to placate the masses with a contrived hope for relief and, perhaps, a false sense of governmental integrity.

    Maybe the SEC now maintains a way sharper grip on publicly trading companies for some reason, idk like some weird fasc-on-fasc rank enforcement shit. Or maybe taxes. Probably bribes. Anyway the corps are possibly being “urged” to steady their prices, giving us folks a wee break in this economical trainwreck, as “proof” that “returning” the tariffs helped in some way.

    I mean, with the number of companies bending the goddamn knee in the stupidest ways, you have to wonder if they weren’t, ahem, “targeted,” in some additional way. I’ll bet in some way, the corps ran the numbers and figured they’d stand to lose less money shedding DEI supporters than whatever they’ve been told they stood, or still stand, to lose.

    Honestly at this point I think all these rich and/or bought mfers in top fed positions are just creating their golden parachutes, like any good CEO would really, before the bottom drops out. Before the country’s company’s brain, ineffective and tripping on its own chemicals, finally dies, and is quickly liquified, the body already robbed for spare parts. Whatever heart that entity (theoretically) may have had, it shut down a long time ago.

    murica