Neal Freiman

shaky footing.

It's supposed to deal with balance of payments deficits that the U.S.

has with the rest of the world, not a trade deficit.

The U.S.

does not have any balance of payment deficits with the rest of the world because that's just a broader concept of trade.

It deals with all economic activity the United States does with the rest of the world.

So expect legal challenges there.

Let's talk about refunds.

Yeah, the U.S.

has collected $170 billion through these tariffs that were just struck down.

What happens?

Well, the Supreme Court just punted the decision.

They said, we're not going to deal with this.

Lower court, you figure out how this happens.

Kavanaugh called it a mess.

And even during oral arguments back in the fall when this was happening, all the justices said, yes, if we strike this down, it's going to be complete chaos.

That doesn't stop companies from trying to get to the front of the line to get tariffs or to get refunds if they do come down the pipe.

Over 1,500 companies, including big names like Costco, have already sued Kavanaugh.

to get to the front of the line to make sure they get the refunds when, if, how they should come.

But yeah, if there are refunds, we have no idea how they'd be handed out or when.