Under the #law #Trump has now invoked, Section 122 of the #Trade Act of 1974, #tariffs may last only 150 days unless #Congress extends them. And they’re capped at 15%, so Trump cannot raise them again.
Now that #SCOTUS deemed the old tariffs illegal, do the businesses that paid them get their money back?
#law #economy #inflation #affordability #CostOfLiving #business #geopolitics
@Nonilex If the companies/businesses get the money back, then it will be a windfall for their share holders. A one time big payout. Did you just hear Wall Street salivating at the prospect? Or did it just skip a beat?
On other news #DOW has just crossed 100000 while the #Epstein files are still being withheld.