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“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow
And, of course, there are many things playing out here.
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“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow
But at the end of the day, this is more about a fight for power than it is specifically about some tax.
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“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow
Tom, where are you at with this?
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“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow
Well, I mean, I think Tom had it right that the Supreme Court ruling was correct, that it wasn't that tariffs are illegal.
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“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow
It was that the procedure was illegal.
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“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow
And I have a feeling Trump and his people knew this was coming all the time.
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“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow
This ruling has meant has been that he can't use it as capriciously as he's been doing, which he's a good negotiator and sometimes use it effectively.
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“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow
On the other hand, I have friends who run small businesses.
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“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow
It has been brutal on them because not only are there the tariffs and you don't know what's coming,
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“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow
but there are actually a lot of costs, administrative costs, if you're a small business, if you're importing.
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“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow
It's not just that you're paying the 15, 20%, but there are all these other fees that places like FedEx and others are charging because they have to do all this paperwork that they didn't have to do before.
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“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow
So I think a thing that hasn't been talked about enough is how tough this has been on small businesses, this uncertainty.
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“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow
Maybe it's for the larger good, but it's not been painless.
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“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow
But it was sort of a war on everyone.
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“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow
I mean, so I'm all for national security and thinking about just things like the drugs that we use.
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“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow
We found that out in the pandemic.
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“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow
We were importing everything from India and China.
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“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow
We didn't have control over it.
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“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow
So there are things which are national security, but, you know, is wine national security?
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“Sued For $175 Billion” - FedEx & Others Sue Trump’s Tariff After Supreme Court Blow
You know, is everything national security?