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Jeff Guo

๐Ÿ‘ค Speaker
601 total appearances

Appearances Over Time

Podcast Appearances

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

You can do an oopsie take backsies.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

OK, but what if you miss the deadline to do your tariff take backsies oopsies?

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

Maureen says with these tariffs, the answer is not totally clear, but you could always go to court.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

In fact, a lot of companies like Costco and Toyota and Goodyear, they started filing these tariff refund lawsuits even before the Supreme Court made its decision.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

So what about us, right?

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

Like, can regular people get a refund on the tariffs we paid on, you know, that lamp I bought?

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

Right.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

Hypothetically.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

Maureen says that's actually really unclear because this customs refund window we've been talking about, it's not available to everybody and it was actually never designed to deal with this specific kind of big tariff.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

But she says you could always file a lawsuit to get your money back.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

Yeah, what could be more fun than a lawsuit, Sarah?

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

Yes, you're going to go look into how we're going to sue the federal government.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

So this big Supreme Court decision, it didn't get rid of all of Trump's tariffs, just the big sweeping ones he tried to create using IEPA.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

So these laws, they were mostly created during the Cold War to give the president economic powers to, you know, deal with all that Cold War stuff.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

But for decades, through the 90s and 2000s, they weren't really used that much.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

After Trump was elected for his first term, he started using some of these three-digit laws, mostly Section 301 and Section 232, to create new tariffs.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

The Supreme Court's latest decision doesn't touch any of the tariffs created under those three-digit laws.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

But if you are a president who loves sweeping tariffs, most of these three-digit laws have a major limitation.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

Most of them only let you create specific targeted tariffs.

Planet Money
The Supreme Court struck down a bunch of Trump's tariffs. Now what?

For instance, Section 232 is all about protecting national security.