Supreme Court declares Trumps tariff binge illegal

So that great big beautiful pot of cash that was going to pay for everything, including all those cheques everyone was getting just disappeared. And it gets worse. Some countries (like mine) are due refunds. Australia in in line for a $1.4 billion return of funds. No. We dont want it in used submarines.. Gold will do nicely..😷
https://www.abc.net.au/news/2026-02-21/supreme-court-rules-against-donald-trumps-tariffs/106371286

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beckyromero · 36-40, F

Sorry, but Australians aren't due any refunds. Not one penny.

Foreign exporters did not pay the tariffs. American importers pay the tariffs (and generally pass on the cost of those tariffs to their American consumers).

whowasthatmaskedman · 70-79, M

@beckyromero Thats OK. We will make it back in the new contract negotiations the US will have to make now. Note we didnt place a single return tariff on the US over this, unlike a lot of others. But she found other buyers. So if you want our gold, rare earth, uranium, not to mention beef to make your burgers edible, be prepared to pay.😷

beckyromero · 36-40, F

@whowasthatmaskedman

Trump prefers Argentine beef. Probably because he envisions himself as a member of the military junta in the early '80s. Australia? No dictators for him to admire Down Under.

bookerdana · M

Anyway you look at it you lose..tariffs are a tax on the American people🥸

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bookerdana · M

@whowasthatmaskedman Never expecting the repercussions,plus Harris was kind of a last minute ,untested and hardly a consensus nominee

whowasthatmaskedman · 70-79, M

@bookerdana I agree. The Democrat campaign was poorly handled from Day one. Biden went in as a one term President and should have played that hand from the start.😷..

bookerdana · M

@whowasthatmaskedman The debate fiasco🤦‍♀ too late now,its forward into the breach⚔

Nanoose · 70-79, M

Trump has already started bad mouthing the Supreme court judges. And he has started treating adding an additional 10% to global tariffs. Cheers and happy weekend!

tenente · 36-40, M

"We'll excuse fascism but we draw the line at mercantilism." - Scotus (probably)

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