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josefritzisheretoday at 6:18 PM2 repliesview on HN

I can't think of a constructive way to respond to news this dumb. Anyone have a silver lining?


Replies

Herringtoday at 6:22 PM

China's GDP (PPP) overtook the US in 2016. It is currently ~30% higher and will reach double by 2035. They haven't dropped bombs on foreign soil in over 40 years.

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abduhltoday at 7:16 PM

In its court filing, the US government admits that "In addition to refunding the IEEPA duties, CBP must also pay importers interest, as required by law." So one silver lining here is that we (because it is the taxpayers who ultimately pay) will actually pay more than was collected on tariffs once interest is considered.

The second silver lining is that, even if CBP does its job, there is another step where the Trump administration will certainly drag its feet again: "If it is determined upon liquidation or reliquidation that excess moneys have been deposited, such that a refund with interest is due to the importer, CBP certifies the refund and interest amounts to the Department of the Treasury, which then employs its own processes to disburse the certified amounts to the importers of record."

https://storage.courtlistener.com/recap/gov.uscourts.cit.193...