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Lydia Wheeler

๐Ÿ‘ค Speaker
94 total appearances

Appearances Over Time

Podcast Appearances

The Journal.
How Do You Refund $166 Billion?

It said nothing.

The Journal.
How Do You Refund $166 Billion?

It is a lot of money.

The Journal.
How Do You Refund $166 Billion?

It is $166 billion.

The Journal.
How Do You Refund $166 Billion?

So, you know, the federal government has never been told that it has to give back that much money before.

The Journal.
How Do You Refund $166 Billion?

And so what happened is the Supreme Court left it to lower courts to hash all that out.

The Journal.
How Do You Refund $166 Billion?

All of this has put a big spotlight on a little tiny court that no one really knows about and even lawyers often forget exists.

The Journal.
How Do You Refund $166 Billion?

And also a very interesting judge who's 77 years old and semi-retired and is now the one at the helm of figuring out how all these people are going to get their money back.

The Journal.
How Do You Refund $166 Billion?

I mean, we talk to companies who kind of, the tariffs put them in a crisis.

The Journal.
How Do You Refund $166 Billion?

And there are a lot of companies that are really desperate to get their money back.

The Journal.
How Do You Refund $166 Billion?

Right, so this is the Court of International Trade.

The Journal.
How Do You Refund $166 Billion?

It's in Manhattan.

The Journal.
How Do You Refund $166 Billion?

It sits across the street from the New York Supreme Court, which is regularly featured on Law & Order.

The Journal.
How Do You Refund $166 Billion?

They often do scenes on the front steps of, you know, the New York Supreme Court.

The Journal.
How Do You Refund $166 Billion?

Well, right across the street in this other federal court complex is this very modern-looking, smaller building called the Court of International Trade, where these really technical disputes over trade are hashed out.

The Journal.
How Do You Refund $166 Billion?

The whole purpose of it is to settle disputes over goods that come into the country.

The Journal.
How Do You Refund $166 Billion?

They mostly handle claims over tariffs, things that are charged the wrong amount, how things are classified.

The Journal.
How Do You Refund $166 Billion?

Every good that comes into the country is given some sort of a classification, which determines what duties are owed and how much.

The Journal.
How Do You Refund $166 Billion?

And so there are sometimes really technical disputes about, you know, hey, is this glass jar really a glass jar or not?

The Journal.
How Do You Refund $166 Billion?

You know, I keep joking that President Trump has done for trade lawyers what no one thought was possible, which is like made them very cool.

The Journal.
How Do You Refund $166 Billion?

They've got all the biggest cases.

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