Not only will the consumers never see a dime of any of the money if it's refunded, the companies aren't going to lower prices because you've already absorbed the price shock.
News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
Right. Everything today is about softening you up. They say, we will kill you—and you panic—then they roll it back to just losing an arm, and you’re happy about it.
Like a frog in boiling water.
No, that's the ratchet effect.
A frog boil is when you slowly raise the temperature so the frogs don't even realize they're being boiled.
An example of frog boiling is having national guard just roam around not doing anything. People are pissed out of principle, but they're not really doing anything for people to riot over. By the time they are, some people will be used to it already and not as pissed as if it was all at once.
This is called "price anchoring" when used in business. They throw out an outrageously high number to start and then follow it up with something less to make it seem like a good deal when that was really the price they wanted all along.
Ianal, I really hope there is some sort of class action that can be done to force companies to pass that back to consumers.
It should be easy enough to pass through to all the electronic pay methods.
Or force markup items to all be put on massive sale until an equal amount has been sold to make up the sales at markup.
There are no perfect solutions, some people will still make out like bandits.
But jfc, just releasing billions to these companies will only benefit the C-Level and maybe some shareholders, the people already benefiting, not the ones feeling the pain.
A class action just passes the money from one elite class (corporations) to another (class action lawyers). Consumers will get a virtual prepaid debit card for $1.97 in 5 years that can’t be spent anywhere because it can’t be used online and it costs $5 to have them mail you a physical card
Should get out guillotines
That money should go to us because the business passed the price increases on to us!
The businesses will raise a lawsuit that the money is theirs and you will lose again.
And the prices won't go back down.
And half the country will blame immigrants and trans people
Small businesses, back of the line. Gotta make sure those billionaires don't lose out first.
Wouldn't bring back the small businesses that have already been killed anyway. My favorite coffee shop just closed, and my independent artisan friends are barely selling anything any more.
All that money will go to the businesses, you’ll get a coupon for $1 off and a free credit check.
Wouldn't surprise if this is part of the scam. Put on tarrifs, hike prices. Let the customer pay and then give companies a rebate with tax money. So the average citizen is charged twice. And of course those price hikes will only go partially down. So the consumer keeps getting screwed.
Soon "See, this is yet another example of why we can't trust the government to do anything right and why we should defund and shutter all of our public institutions." - moderate pundit on well respected mainstream news channel
Was it not the end consumer who paid those tariffs?? Frankly, I'd rather it be given back to the business at least, but let's not pretend that they didn't extract it from their customers. End it so that other companies can't as easily gouge based on the idea of tariffs.
Yes, the business just collected it. However, it would also depend on whether they upped their prices to do so.
How far does this refund go? My distributor paid the tarrifs and then passed that cost onto me, which I passed onto my customers.
Will my customers, distributors, or myself be refunded? I assume just my distributor since they directly paid the tarrif. And I doubt prices will come down when tarrifs end, so everything is permanently more expensive for no fucking reason, and the top middle man just boosted his profit margin through the roof.
So that would mean that the Trump tariffs were sending American money overseas for no reason. I doubt it'll actually happen, but holy shit is Trump an incompetent idiot.
No, the US company recieving the import pays the tarrif to the US government.
But yes, Trump is an idiot.
So the idiot who managed to ruin every business he ever owned created an absolute clusterfuck running the US, who could've known?
Hey now, he only serially ruined businesses in order to enrich himself. Dodging taxes and shit like that makes him a good businessman, actually. Just ask my old boss. He'll tell you all about trump's genius business acumen in excruciating detail all day long. Yes, he does own his own business, no it's not doing well but he's got a corvette, so he's pretty sure he's right.
Am I getting a refund on the higher prices I'm paying because of tariffs?
The tariffs will go away, but the companies have realised that you're okay with paying $10 for something that used to cost $8 anyway so you'll be paying $10 from now on
The only solution is to confiscate all wealth over $100 million, and use it to establish Health Care 4 All, free college/trade, UBI, minimum living wage, public services, etc.
lol
Eehhh, consumers paid this, not the businesses. This way businesses would essentially get a bonus
That's the point of Republican business support. Remember COVID, where businesses got money to "survive"?
People haven't caught on to the grift yet. One of the people in the committee who runs the tariff decisions literally runs a financial/law institution that since the tariffs started, has been contracting with companies to pay a portions (10, 20, 40%) of the tariffs to "ease the load on the companies" but they retain the rights, in the case of what is going on i.e. tariffs being recalled and paid back, to take 100% of the tariff payback.
So a government official is steering the tariff policy to essentially steal money from companies with some alight risk of the tariffs not getting overturned. Crazy grift.
If you have a source for that could you post it?
Spoiler alert: even if Donny loses this battle he won’t pay anyone anything he never has and never will admit to losing or owning anything to anyone.
It's not Donny's money. What will happen is that importers will pass the tariffs onto consumers, as they pretty much have to, then the tariffs will be overturned and the money given back to importers, thus robbing regular people once again and transferring wealth to the capitalists.
Oh so we get to pay twice then. Great.
how would refund like this even work? Many businesses closed shop entirely due to these tarrifs, could they sue the government too? This would be crazy and this massive overhead risk could block the entire thing.
This is why huge policy changes are discussed and planned for years. One guy being able say "Tariffs starting on Monday!" is fucking idiotic.
None of us will see any money refunded. Remember that this is all planned out to make products more expensive for americans, so we get used to the higher prices. Then the companies with hundreds of millions in profit can make more profit when costs for them go down, they keep our prices the same and also SHRINK the size of the product.
Corporations are stealing from Americans every day and politicians are all in on the scam, so no one will do anything about it.
Surely the price hikes will reverse at that point and won't just remain higher indefinitely causing another price/price inflationary spiral.
Never mind the consumers eh? WE are the ones most directly affected. Businesses lost nothing
When do Trump and the magats drink the poison koolaid? I’m getting impatient
The Businesses didn't pay the tariffs, We did.
much like all the other illegal shit dumpy mcshitpants has done, who is gonna tell him he can't have his big boy tariffs?
And the prices? Oh nothing will fundamentally change 😉
How much of that will be pocketed by his cronies because the rules for payout were vague enough for their random LLC.
Around $6000 to my small business. I’m sure the Supreme Court will side with Trump though.
No worries , you have a supreme court good at ruling by vibe.