Sojourner00Apr 21
U.S. consumers continue to get crushed under the MAGA fascist regime.
Tariff Refund Reckoning
The federal government yesterday began refunding more than $166B from global tariffs struck down by the Supreme Court in February, with interest accruing at roughly $22M per day. Only companies that paid tariffs directly are eligible for refunds, not consumers indirectly hit by higher prices.
#trump #tarrifftax #incompetent #pedophile #maga #fascist
Sojourner00Apr 3, 2025

Another Trump lie. It’s not reciprocal tariffs. It is the country’s trade deficit divided by its exports to the United States times 1/2.
“Knowing how these rates were calculated highlights that they are generally going to be most severe on the nations that US companies rely heavily upon in their supply chain,” O’Rourke said. “It is hard to imagine how these tariffs would not wreak havoc upon the profit margins of major multinational corporations.”
#USVoters #tarrifftax

https://www.cnn.com/2025/04/03/economy/reciprocal-tariff-math/index.html

This is the dubious way Trump calculated his ‘reciprocal’ tariffs

President Donald Trump’s massive tariffs announced on dozens of nations Wednesday were pitched as “reciprocal,” matching what other countries charge the United States dollar for dollar, even taking into account non-tariff barriers like value-added taxes and other such measures.

CNN