<
https://theconversation.com/the-us-is-issuing-billions-in-tariff-refunds-that-wont-unwind-the-damage-to-the-global-trading-system-287957>
"An Australian clothing company, Nashie, recently received a six-figure refund
from the US government, including 6% interest, for tariffs it had paid on US
imports. It’s just one of thousands of businesses reclaiming tariffs imposed on
what President Donald Trump called “Liberation Day”.
Of the roughly US$166 billion due to be refunded, more than US$85 billion has
already been returned to businesses.
But while a US Supreme Court ruling in February reversed the tariffs, much of
the economic and political damage, and perhaps some of the Trump
administration’s gains, will be hard to undo."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
