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Scarlett Fu

๐Ÿ‘ค Speaker
193 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Tech
Instant Reaction: Trump's Global Tariffs Struck Down By Supreme Court

But when we're looking at just the massive amount of revenue that was raised by these IEPA tariffs alone, of course the Trump administration has

Bloomberg Tech
Instant Reaction: Trump's Global Tariffs Struck Down By Supreme Court

other tariff authorities that are already in place, Section 232 related to national security, for example.

Bloomberg Tech
Instant Reaction: Trump's Global Tariffs Struck Down By Supreme Court

Those IEPA broad-based tariffs brought in last year more than $134 billion for the U.S.

Bloomberg Tech
Instant Reaction: Trump's Global Tariffs Struck Down By Supreme Court

government.

Bloomberg Tech
Instant Reaction: Trump's Global Tariffs Struck Down By Supreme Court

So it's going to be a complicated process.

Bloomberg Tech
Instant Reaction: Trump's Global Tariffs Struck Down By Supreme Court

It likely would leave the question of refunds to a lower court, most likely the Court of International Trade, which first took up

Bloomberg Tech
Instant Reaction: Trump's Global Tariffs Struck Down By Supreme Court

uh this case there's a few different wonky points that i had written down here on how this could ultimately end up happening one thing to know is that there's something known as the liquidation process which basically is the statute of limitation that a company can ask for its money back that's 314 days so some of those tariffs imposed on china have actually been uh imposed longer than that so those companies wouldn't get those back but by and large i think we're still within

Bloomberg Tech
Instant Reaction: Trump's Global Tariffs Struck Down By Supreme Court

that timeframe for these companies to ask for those requests.

Bloomberg Tech
Instant Reaction: Trump's Global Tariffs Struck Down By Supreme Court

Right.

Bloomberg Tech
Instant Reaction: Trump's Global Tariffs Struck Down By Supreme Court

And we've already heard telegraphed from the administration that they're going to pull on these other federal authorities.

Bloomberg Tech
Instant Reaction: Trump's Global Tariffs Struck Down By Supreme Court

Some of them are already in place.

Bloomberg Tech
Instant Reaction: Trump's Global Tariffs Struck Down By Supreme Court

We talk a lot about Section 232, those national security tariffs that the administration has put forward on some of those

Bloomberg Tech
Instant Reaction: Trump's Global Tariffs Struck Down By Supreme Court

Critical sectors, steel, aluminum, critical minerals, and a lot of those other areas that have been a focus of the Trump administration when it comes to countering China.

Bloomberg Tech
Instant Reaction: Trump's Global Tariffs Struck Down By Supreme Court

We could also see Section 301 investigations.

Bloomberg Tech
Instant Reaction: Trump's Global Tariffs Struck Down By Supreme Court

That's over unfair trade practices.

Bloomberg Tech
Instant Reaction: Trump's Global Tariffs Struck Down By Supreme Court

We saw a lot of those imposed on China under the first Trump administration.

Bloomberg Tech
Instant Reaction: Trump's Global Tariffs Struck Down By Supreme Court

Think allegations of IP protection violations.

Bloomberg Tech
Instant Reaction: Trump's Global Tariffs Struck Down By Supreme Court

As one example.

Bloomberg Tech
Instant Reaction: Trump's Global Tariffs Struck Down By Supreme Court

And then there's some lesser known ones like Section 338 that hasn't been used since the 1940s.

Bloomberg Tech
Instant Reaction: Trump's Global Tariffs Struck Down By Supreme Court

I also have Section 201 here.