Jeff Guo
๐ค SpeakerAppearances Over Time
Podcast Appearances
You can do an oopsie take backsies.
OK, but what if you miss the deadline to do your tariff take backsies oopsies?
Maureen says with these tariffs, the answer is not totally clear, but you could always go to court.
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.
So what about us, right?
Like, can regular people get a refund on the tariffs we paid on, you know, that lamp I bought?
Right.
Hypothetically.
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.
But she says you could always file a lawsuit to get your money back.
Yeah, what could be more fun than a lawsuit, Sarah?
Yes, you're going to go look into how we're going to sue the federal government.
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.
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.
But for decades, through the 90s and 2000s, they weren't really used that much.
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.
The Supreme Court's latest decision doesn't touch any of the tariffs created under those three-digit laws.
But if you are a president who loves sweeping tariffs, most of these three-digit laws have a major limitation.
Most of them only let you create specific targeted tariffs.
For instance, Section 232 is all about protecting national security.