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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?

And the government was like, wait, wait, wait, this is actually going to be more complicated than you think.

The Journal.
How Do You Refund $166 Billion?

And we have to create a system and we can't just push a button and give everybody refunds.

The Journal.
How Do You Refund $166 Billion?

Judge Eaton kind of held firm in saying, you owe these companies their money back.

The Journal.
How Do You Refund $166 Billion?

The Supreme Court was very clear that these were collected illegally, and you have to work out a process and a system for this.

The Journal.
How Do You Refund $166 Billion?

Yeah, he wasn't hearing it.

The Journal.
How Do You Refund $166 Billion?

Judge Eaton is moving at a speed not typically seen at the trade court.

The Journal.
How Do You Refund $166 Billion?

He issued a ruling requiring the government to kick off the refund process during that March hearing.

The Journal.
How Do You Refund $166 Billion?

I had lawyers, trade lawyers, tell me that it was the order that they were really hoping for but never thought that they would see.

The Journal.
How Do You Refund $166 Billion?

They're saying that their system just isn't set up to recalculate payments for this many entries all at once.

The Journal.
How Do You Refund $166 Billion?

And so they said that, you know, we're going to have to update the system that we have in place.

The Journal.
How Do You Refund $166 Billion?

And we're going to have to make quite a few changes.

The Journal.
How Do You Refund $166 Billion?

And that takes time.

The Journal.
How Do You Refund $166 Billion?

And so we need time.

The Journal.
How Do You Refund $166 Billion?

And Judge Eaton, so far at the Court of International Trade, has been pretty understanding of that.

The Journal.
How Do You Refund $166 Billion?

He's like, OK, you need some more time.

The Journal.
How Do You Refund $166 Billion?

I'll give you some more time.

The Journal.
How Do You Refund $166 Billion?

But you still have to show me that you're making progress in this because you owe this money back.

The Journal.
How Do You Refund $166 Billion?

Right.

The Journal.
How Do You Refund $166 Billion?

So the government said that importers are going to have to basically keep a spreadsheet, create a spreadsheet of all of their imports and all of the tariffs that they paid and make their own calculations, basically do their own accounting.

The Journal.
How Do You Refund $166 Billion?

And they're going to have to take that spreadsheet and upload it to this new system.