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You would assume, right?
What’s well interesting is that any refunds will just go to the importers and not to the people at all. Plus this could result in trade deals falling through. I wasn’t a big fan of the tariffs but they were leverage that was getting deals done and now without it these trade deals are uncertain.
This result just seems to be another net loss to the American people and a win for big business/importers.
What’s well interesting is that any refunds will just go to the importers and not to the people at all.
Because they paid it.
now without it these trade deals are uncertain.
What a tragedy /s
Because they paid it.
I think the point is that you can’t issue refunds in proportion to tax incidence.
Foreign exporters and domestic consumers bore a share of the tariff costs and won’t be receiving refunds.
You never see potential refunds discussed when economists explain tax incidence.
Since the companies doing the importing likely paid those tariffs, I'm sure that if they get a refund, they'll happily pass those savings back to the consumers and not keep it for themselves.
(It's a lot easier to keep a straight face when typing something like this online than in real life.)
lol
Seems like people should get a refund then.