The majority of the sweeping tariffs Donald Trump imposed during his second term face one final litmus test that will determine whether he can continue to levy them – and also whether businesses are eligible for massive refunds.
That potentially dramatic turn in the tariff saga comes after a federal appeals court ruled on Friday that Trump unlawfully leaned on the International Emergency Economic Powers Act (IEEPA) to impose across-the-board duties on countries.
Trump had used those powers to push import tax rates as high as 50% on India and Brazil – and as high as 145% on China earlier this year.
It is whomever imported the item that pays. If you order directly from a tariffed country you pay. If American_Business_01 imports stuff they pay, they then either eat the tariff, raise their price to retailers and distribution (this is what is happening in the non-video game industry). Some businesses are raising MSRP and spreading the tariff between themselves, distribution, retailers, and consumers. Some companies are trying to dump it all on retailers by not raising msrp.