alt Hacker NewsThe administration already lost and the tariffs were found to be illegal, this is Nintendo wanting their money back.
Taxpayers already paid for it, companies raised their prices to compensate.
Replies
theultdev • yesterday at 10:37 PM
Not really. The scope of the judgement was universal tariffs weren't allowed for that specific invocation of IEEPA 50 U.S.C. §§ 1701
The Trump administration immediately invoked Section 122 for a 10% duty on nonexempt imports and announced expanded Section 232 and 301 investigations.
Yes but the sleight of hand here is to just simply say "taxpayer."
The taxpayer that paid the tariff was the consumer. The fact Nintendo actually wrote the check is largely accounting, this was passed on to the consumer.
The taxpayer that receives the refund is Nintendo, straight into their profits.
So the taxpayer paying and the taxpayer receiving are totally different. This is basically like regressive welfare where consumer paid a private but government imposed tax to corporations.