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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 then customs is going to go through and check them, check their work, and have to validate every claim.

The Journal.
How Do You Refund $166 Billion?

And then once they're done with that process, then they'll get their money back.

The Journal.
How Do You Refund $166 Billion?

So some companies are already expressing fear and worry that they're not going to know how to navigate this process or that they don't have the time and the resources to go through and try to figure out all of the payments that they made.

The Journal.
How Do You Refund $166 Billion?

And they're frustrated because they're saying, hey, customs already has a system that's kept track of all of this.

The Journal.
How Do You Refund $166 Billion?

Like, how come they can't just do it themselves?

The Journal.
How Do You Refund $166 Billion?

Trade lawyers are definitely making that argument.

The Journal.
How Do You Refund $166 Billion?

They're saying, like, why should companies be the one to have to do their own accounting when customs has that ability to do it themselves?

The Journal.
How Do You Refund $166 Billion?

So we are already seeing consumers going to court, to other federal courts, and suing companies to say, once you get a refund, we want you to pass that money back to me.

The Journal.
How Do You Refund $166 Billion?

Places like Costco are being sued, and they are facing class actions right now or potential class actions from consumers that are saying, hey, I paid a higher price in the store, and Costco, you said if you get a refund from the government that you will make us whole.

The Journal.
How Do You Refund $166 Billion?

Well, we want to hold your feet to the fire on that.

The Journal.
How Do You Refund $166 Billion?

And then separately, President Trump said, OK, well, I'm going to come in and set new tariffs in place under a different legal justification and different legal authority.

The Journal.
How Do You Refund $166 Billion?

And so now you have new lawsuits challenging those new tariffs.

The Journal.
How Do You Refund $166 Billion?

So while we're still all trying to figure out what's owed from the other ones, we have litigation that's beginning over the new tariffs that Trump put in place right after the Supreme Court's ruling.

The Journal.
How Do You Refund $166 Billion?

Yeah, there's a lot of litigation, right?

The Journal.
How Do You Refund $166 Billion?

Some trade lawyers are saying that, that absolutely, that they appreciate what Judge Eaton has done, but this is messy.

The Journal.
How Do You Refund $166 Billion?

And the process that the government has already mapped out looks cumbersome.

The Journal.
How Do You Refund $166 Billion?

And they're worried that some companies are just either not going to do it correctly or that it's going to be too burdensome for some companies to do it on their own and that they won't have any other resources to try to get claims.

The Journal.
How Do You Refund $166 Billion?

Definitely not.

The Journal.
How Do You Refund $166 Billion?

Some business owners that we spoke to said, I couldn't grow, I couldn't hire more staff, which I would have been able to had it not been for this.

The Journal.
How Do You Refund $166 Billion?

There are others who are now in debt.