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KEY POINTS

Treasury Secretary Scott Bessent said he is “confident” Donald Trump’s tariff plan “will win” at the Supreme Court, but warned the U.S. would be forced to issue massive refunds if it loses.

National Economic Council Director Kevin Hassett noted that there are “other legal authorities” that the administration could use if the tariffs are blocked.

Before court action, Trump’s tariffs were set to affect nearly 70% of U.S. goods imports.

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[-] A_Random_Idiot@lemmy.world 62 points 1 day ago

and those refunds will go to the companies as extra profits, instead of to the people who had to pay them.

and retail prices will still stay inflated.

[-] tal@lemmy.today 93 points 1 day ago

Bessent has warned that a delayed ruling "could result in a scenario in which $750 billion-$1 trillion in tariffs have already been collected."

"But, Your Honor. I've been running people over in my truck for a good three months now. If you ruled that running people over in my truck is illegal, why....there'd have to be considerable compensation paid!"

It's a novel argument.

[-] GreenShimada@lemmy.world 29 points 1 day ago

What phenomenal bullshit - There's no way they've collected that much, or even will by the end of the year. That's 20% of the Federal budget, or 3% of GDP, collected in the last 5 months of the year after whiplash, back and forth "we're doing it today, no, now we're waiting 2 weeks"?

They're setting this all up for the largest theft ever committed on Earth.

They need to get these clowns under oath more often.

[-] frunch@lemmy.world 2 points 1 day ago

I don't see how that would change anything, though I'm all ears to find out why it could. I swear there's nothing stopping these fucks from doing exactly what they want at this point.

[-] gravitas_deficiency@sh.itjust.works 6 points 1 day ago* (last edited 22 hours ago)

The largest theft ever committed on earth so far.

We’ve still got another 3.3 (+ ?????) years of this idiocy.

[-] GreenShimada@lemmy.world 4 points 23 hours ago

lol, as if he'll leave on someone else's schedule. The constitution to him is "really, more like guidelines."

[-] CileTheSane@lemmy.ca 2 points 18 hours ago

"really more like guidelines for suckers"

[-] three_trains_in_a_trenchcoat@piefed.social 4 points 23 hours ago* (last edited 23 hours ago)

it's not a compelling argument for the likes of you or me, but for the poor ultra-wealthy and powerful of the world, it often makes the spark of compassion in a judge's heart flare brightly.

[-] RagingRobot@lemmy.world 1 points 18 hours ago

The supreme Court will love it!

Just like when everyone thought absolutely presidential immunity was a crazy idea. We all laughed at that little guy with the raspy voice making that crazy case to the supreme Court. They loved that shit!!

[-] LoafedBurrito@lemmy.world 16 points 1 day ago

The supreme Court is bought by the GOP, so they will find a way to side with his illegal tariffs.

Americans will continue to see prices skyrocket as our companies lay us off and then as we become homeless, they send us to their concentration camps they call "wellness camps"

Oh you spent 3 years gathering up enough shelter and supplies for a nice tent? Trump's gestapo throws it in a garbage truck and makes you watch before they take you to the camps.

We haven't even begun to talk about the effects of a global trade war and the fact many countries will simply stop providing us with supplies and materials as the US gets isolated.

[-] Octavio@lemmy.world 8 points 23 hours ago

The refund will have to go to China or Trump is proven a liar. 🤪

[-] MuskyMelon@lemmy.world 64 points 1 day ago
  1. SCOTUS won't rule against Trump.

  2. Refunds won't go back to the buyers.

Ya'll are fucked.

[-] wetbeardhairs@lemmy.dbzer0.com 52 points 1 day ago

There's a possibility that the SCOTUS will say no further tariffs are legal but the ones in place had a pseudo-legally-valid status just by virtue of not yet being declared not-legal by the SCOTUS.

[-] TropicalDingdong@lemmy.world 25 points 1 day ago

👆 this guy weasels

[-] MuskyMelon@lemmy.world 3 points 1 day ago

That's still #1

[-] ALLGLORYTOHYPNOTOAD@lemmy.world 55 points 1 day ago

If this happens, businesses will get the money and we won’t see a dime of that refund. FUCK THE US GOVERNMENT!

[-] AlecSadler 15 points 1 day ago

It also doesn't fix the smaller businesses that had to shutter already.

Hate them if you want, but it doesn't fix the 100+ rural Walmart locations shut down forcing some people to have to go an additional 20 miles and pay higher prices.

Doesn't really matter which way it goes, the damage was the point and it succeeded.

[-] Voroxpete@sh.itjust.works 13 points 1 day ago

As always "The damage was the point" is giving Trump too much credit. He's not trying to hurt America. He's more interested in enriching himself than enriching his nation, for sure, but he also sees his fortunes as fundamentally tied to those of America and you can see that clearly in his statements and public actions going back long before his presidential ambitions.

He wants America to be the greatest, most respected, most powerful country in the world, and he's doing what he thinks will achieve that.

It's not malice; not towards America as a country, anyway. He's just genuinely, truly, that incompetent and so are the people around him, because he surrounds himself with people who make him feel smart.

And before you bring it up, yes, he's a Russian asset. Of course he is. But he's not the kind of asset you give orders to. They don't need to. He's more than capable of doing all the damage they want without any direction.

As another commenter here beautifully put it, "He's a fire and forget idiot."

[-] adespoton@lemmy.ca 26 points 1 day ago

The main people who will get the money are the import brokers who have been leveraging their businesses against the tariffs with the expectation that the money will eventually be refunded.

Americans have been protected against the largest impacts from the tariffs over the past 7 months by these loans. Things would have been MUCH worse when purchasing goods without this.

As a result, if the refunds DON’T go through, all the importers will have to default on their loans, sending both the financial and import industries into a tailspin — PLUS everyone having to shoulder the full effects of the ongoing tariffs.

[-] Vorticity@lemmy.world 17 points 1 day ago

I didn't realize this was happening. Where can I find out more about this?

[-] adespoton@lemmy.ca 2 points 17 hours ago

Looks like most of this is happening outside the US - multinationals can apply for relief loans in other countries where they have an established workforce that could be impacted by the tariffs.

Eg, in Canada: https://cdev.gc.ca/applications-are-open-for-the-large-enterprise-tariff-loan-letl-facility/

As originally mentioned though, all this is loans to large multinationals; end users aren’t going to see the relief loans OR the refunds.

[-] Buffalobuffalo@lemmy.dbzer0.com 3 points 23 hours ago

You could try looking up his ass, where the source of the news is.

[-] bassomitron@lemmy.world 6 points 1 day ago

No offense, but this sounds like nonsense. I can't imagine any bank willing to take that kind of financial risk given the current context of things.

[-] WatDabney@lemmy.dbzer0.com 78 points 1 day ago

The chance that this Supreme Court is going to rule against Trump is not coincidentally exactly equal to the amount of integrity its conservarive members possess - zero.

This weak diversion isn't out there to try to sway their decision - their decision is a foregone conclusion. The point is just to provide a readymade rationale for some number of people, so they can excuse the Supreme Court's inevitable betrayal of law, precedent and the Constitution with "Well, they had to do that - imagine how much money blah blah blah..."

And besides, if money really was an issue, the administration could easily make up the shortfall simply by making billionaires pay something approaching their fair share of taxes.

[-] Pistcow@lemmy.world 33 points 1 day ago

I mean, if the Supreme Court rules in favor of the tarrif then the market tanks and everyone gets to blame both. Absolute win!

[-] Ensign_Crab@lemmy.world 23 points 1 day ago

The financial hardship into which millions will be plunged is not something to giddily be looking forward to saying "I told you so" about.

[-] Tehbaz@lemmy.wtf 17 points 1 day ago* (last edited 1 day ago)

It's a shame it has to get to that point, but it seems like it's the only way the American people will finally rise up and fight back against MAGA & the billionaire class.

[-] Ensign_Crab@lemmy.world 8 points 1 day ago

It ain't gonna happen if a bunch of sanctimonious assholes just use it as an excuse to gloat at people who are suffering.

[-] CileTheSane@lemmy.ca 2 points 18 hours ago

It ain't gonna happen

Ftfy.

The headline every day is "dictator takes another large step towards fascism is America. Americans do nothing."

[-] dugmeup@lemmy.world 13 points 1 day ago

I said it once and I'll say it again. They will say that Congress must stop it.

Then fuck off on their (checks notes) RV...? Now that was cheap!

Forced to issue

Even if the tariffs are declared illegal (which they should be, because legal opinions of this nature should not, in fact, be swayed by the obvious negative short term consequences of canceling geoeconomic policies that people all over the world pointed out were very fucking stupid; and they won’t be, because the Tribunal of Six is bought and paid for), the orangeboi regime will almost certainly just fucking ignore the unfavorable ruling, since it’s kind of a shit-centerpiece of their shit-agenda.

[-] thefluffiest@feddit.nl 19 points 1 day ago* (last edited 1 day ago)

massive refunds

So he means… a tax cut!?

[-] CurlyWurlies4All@slrpnk.net 11 points 1 day ago

We all know which way this will go.

[-] atzanteol@sh.itjust.works 21 points 1 day ago

Then he shouldn't have fuckin' done it then.

[-] thericofactor@sh.itjust.works 14 points 1 day ago

Make no mistake, this is simply a warning from the government to the supreme court.

Imagine however if the court would use this case as a test, to see whether or not they still have any influence at all in the separation of powers.

[-] phutatorius@lemmy.zip 5 points 1 day ago

Too bad they're not personally liable.

[-] avidamoeba@lemmy.ca 10 points 1 day ago

If this money is refunded, where would it go? It won't come back to consumers. It probably won't be spent on investments due to the uncertain economic climate. I think it would either disappear from the economy by getting locked "on the sidelines" or be pumped in the asset markets, US or foreign.

[-] favoredponcho@lemmy.zip 9 points 1 day ago

Should’ve thought about that dumbass

[-] frongt@lemmy.zip 8 points 1 day ago

Is he trying to get ahead of Trump just ignoring a ruling?

[-] SabinStargem@lemmy.today 1 points 1 day ago

If the Supreme Court sides with Trump, many companies will support the Union if America has a 2nd American Civil War. Let's see the supposed wisdom of this court.

[-] TropicalDingdong@lemmy.world 3 points 1 day ago

This feels like a damned if you do, damned if you don't thing.

this post was submitted on 08 Sep 2025
242 points (100.0% liked)

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