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Rob Bonta

πŸ‘€ Speaker
632 total appearances
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Podcast Appearances

Bloomberg Talks
California Attorney General Rob Bonta Talks Tariff Ruling

It was a lie, his statement, and it was improper and inappropriate what he has done.

Bloomberg Talks
California Attorney General Rob Bonta Talks Tariff Ruling

He owes many businesses a refund.

Bloomberg Talks
California Attorney General Rob Bonta Talks Tariff Ruling

Absolutely.

Bloomberg Talks
California Attorney General Rob Bonta Talks Tariff Ruling

You do.

Bloomberg Talks
California Attorney General Rob Bonta Talks Tariff Ruling

And the opinion could have said that we are making a decision that is prospective only, that going forward, Trump can no longer use these unlawful tariffs.

Bloomberg Talks
California Attorney General Rob Bonta Talks Tariff Ruling

They didn't say that, which makes it very clear that retroactive, retrospective relief is on the table.

Bloomberg Talks
California Attorney General Rob Bonta Talks Tariff Ruling

And there's a pathway to do this.

Bloomberg Talks
California Attorney General Rob Bonta Talks Tariff Ruling

You go to the Court of International Trade if you're a business, an importer that had to pay the unlawful tariffs, and you seek a refund through what's called the refund action process.

Bloomberg Talks
California Attorney General Rob Bonta Talks Tariff Ruling

And typically, generally, and it would be fair and just here, if your money is unlawfully withheld from you, if you had to pay something based on an unlawful tariff, you should get interest on it.

Bloomberg Talks
California Attorney General Rob Bonta Talks Tariff Ruling

So I think you're going to see a lot of refund actions being brought against the Trump administration for these unlawful tariffs that have been struck down.

Bloomberg Talks
California Attorney General Rob Bonta Talks Tariff Ruling

Very potentially, yes.

Bloomberg Talks
California Attorney General Rob Bonta Talks Tariff Ruling

We had a case in the Northern District of California that now will be transferred to or commenced in the Court of International Trade, which the U.S.

Bloomberg Talks
California Attorney General Rob Bonta Talks Tariff Ruling

Supreme Court today said is the appropriate court, and that's where we could seek a refund action for California, for the state of California, not the businesses who paid the

Bloomberg Talks
California Attorney General Rob Bonta Talks Tariff Ruling

the unlawful tariffs.

Bloomberg Talks
California Attorney General Rob Bonta Talks Tariff Ruling

So, to the extent that California has been hurt by these tariffs, had to pay higher prices because of these tariffs, yes, we could pursue a refund action in the Court of International Trade.

Bloomberg Talks
California Attorney General Rob Bonta Talks Tariff Ruling

And we're discussing all of our options now.

Bloomberg Talks
California Attorney General Rob Bonta Talks Tariff Ruling

I think he'll try again.

Bloomberg Talks
California Attorney General Rob Bonta Talks Tariff Ruling

Some of his statements today were very remarkable, almost claiming victory in the face of very clear defeat.

Bloomberg Talks
California Attorney General Rob Bonta Talks Tariff Ruling

This is an embarrassing loss in front of the US Supreme Court on his key policy proposal of his administration.

Bloomberg Talks
California Attorney General Rob Bonta Talks Tariff Ruling

It was unlawful and it was not even close.