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Caller: Only Congress has the right to impose tariffs, that's why it's illegal. Trump does not have the right. Most of those tariffs get passed onto the consumer. Americans are actually paying for the tariff. The businesses pass that cost right down to us. If the Americans have paid...

56,683 次观看 • 4 个月前 •via X (Twitter)

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Businesses in America have moved quickly and are now demanding refunds for the tariffs they paid after the pronouncement by the United States Supreme Court that Donald Trump’s tariffs were illegal. So this is how the tariffs worked. If you imported goods from South Africa and there was an illegal 30 percent tariff on them, the company importing the goods from South Africa would have had to pay that 30 percent tariff to the American government and then pass that cost on to the consumer. For instance, if an American company ordered a bottle of wine from South Africa and there was a 30 percent tariff on it, which the Supreme Court has now pronounced illegal, and that bottle cost US$1 to import, once it reached America the importer would have to add the 30 percent tariff, taking the cost to US$1.30. The importing company would then add its own margin, say another US$0.30 as profit. Ordinarily, without the tariff, that bottle might have retailed at around US$1.30, but because of the additional 30 percent tariff, it would end up costing the consumer about US$1.60. In effect, the 30 percent tariff was passed directly on to the consumer through higher retail prices. What American businesses are now saying is that they want that 30 percent tariff refunded. So the company that imported the bottle of wine from South Africa and sold it for US$1.60, comprising 30 percent tariff and 30 percent profit, now wants the tariff component returned to them. How consumers themselves will be reimbursed, if at all, remains unclear, and that is likely to become the next area of legal and commercial contestation. Meanwhile, American media is reporting that Donald Trump has gone into meltdown after the Supreme Court delivered this important ruling, which many had already predicted because it was clear to numerous legal experts that the tariffs were unlawful. Only his most loyal supporters insisted that the court would uphold them. The decision has triggered not only political shockwaves in Washington but also significant financial and legal consequences, as businesses begin positioning themselves to recover the money improperly collected by Trump’s government.

Hopewell Chin’ono

42,472 次观看 • 4 个月前