U.S. set to launch tariff refund system on April 20

Discussion (11 Comments)Read Original on HackerNews

kshacker•20 minutes ago

I wonder how it works for small folks like me. My brother sent me something from India and put a value on it (should not have). The government charged me a few bucks, but then fedex charged me something on top as their fees. Now if they charge me to return the fees, I will still end up losing money :) since the fedex fees were more than the government fees

It is not a big amount, but I am sure there are lots of people with similar stories.

comrade1234•16 minutes ago

From what I understand a tariff refund system has been in place for decades, as companies dispute tariffs they were charged and get refunded.

hoppyhoppy2•23 minutes ago

Am I reading between the lines correctly, that consumers who paid higher prices to help cover the cost of these tarriffs can expect no refunds?

tacodestroyer•15 minutes ago

Absolutely and I highly doubt those businesses will lower the prices on anything they raised prices on. Double dip FTW.

JohnMakin•16 minutes ago

Yes, it's effectively a transfer of wealth from the consumer to the companies above them, much like everything else these days

NewJazz•20 minutes ago

[delayed]

bayff•about 2 hours ago

Didn't some guy buy up a bunch of the rights to tariff refunds at discount hoping for this?

extraduder_ire•about 2 hours ago

It's more than one guy, there's a whole industry around it.

I think the most famous one is a person working in government or closely related to someone who is. (drawing a blank on the name right now)

drawfloat•about 2 hours ago

…your Commerce Secretary.

ivraatiems•about 2 hours ago

It's nice to see them actually complying with the Supreme Court's decision instead of just ignoring it and telling them to enforce it.

csouers•16 minutes ago

Oh, don't worry. They'll find a way to screw over the consumer.

despera•about 2 hours ago

-Hey guys -COPE! -Not What I'm Called

U.S. set to launch tariff refund system on April 20

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Discussion (11 Comments)Read Original on HackerNews