this post was submitted on 21 Feb 2026
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United States | News & Politics

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[–] AnnaFrankfurter@lemmy.ml 103 points 4 days ago (1 children)

Not just that. Corporations increased their prices citing tariffs but I've feeling that those prices aren't going to go down now.

[–] nosuchanon@lemmy.world 29 points 4 days ago

Prices never go down. Only up. Even competition only temporarily drives down prices until your competitor fails.

[–] Archangel1313@lemmy.ca 64 points 4 days ago* (last edited 4 days ago) (11 children)

Same game as the 2008 economic crash. They could have bailed out the mortgage holders...but instead, they bailed out the lenders. The banks would have gotten paid either way, but instead of helping regular people...they just gave the money directly to the banks.

[–] yogthos@lemmy.ml 21 points 4 days ago

The iron law is that money flows to the top.

[–] Bloomcole@lemmy.world 3 points 3 days ago (1 children)

Good news is they learned from that, there will be no more bail outs.
Not because they change the system. They didn't so this scam will repeat itself.
They (and our EU vazal 'leaders') decided to create a bail-in law.
Next time they can legally and instantly steal everything above a certain amount from everyone's account.

[–] alyqz 4 points 3 days ago (1 children)

They've been quietly bailing out banks for a while now. A notable recent one is when banks shorted silver a little while back and the price tripled instead of going down. They just learned they can't publicize it without making us serfs uppity.

[–] Bloomcole@lemmy.world 2 points 3 days ago

That's interesting, need to look that up. They sure kept it quiet, as I've never seen it reported on even 'alternative' media.
They will have to tell us serfs when we inevitably get stuck with the bill.

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[–] thorhop@sopuli.xyz 20 points 3 days ago

Remember:

Socialism for corporations, austerity for the working class.

[–] W3dd1e@lemmy.zip 24 points 3 days ago

And, prices won’t go back down.

[–] HiddenLayer555@lemmy.ml 15 points 3 days ago* (last edited 3 days ago) (2 children)

And as always even in the once in a blue moon they criticize their own policies, they're only crying about them getting screwed over, not the people in other countries getting 10x screwed over.

Yeah I totally feel bad for you Mr. American. I'm supposed to ignore what you did to me or my own countryfolk because obviously you're more important than us.

[–] Azzu@lemmy.dbzer0.com 5 points 3 days ago* (last edited 3 days ago)

I just saw a political advertisement in Germany saying, "don't throw out your money, use it in front of your own door" (it's partly a saying, doesn't translate perfectly), implying that if you use your money for other's benefit, it is wasted.

People are selfish

[–] stylusmobilus@aussie.zone 3 points 3 days ago

Yep, it won’t be forgotten, that’s for sure.

Individuals among them will piss and moan ‘it wasn’t me’, ‘I didn’t vote for this’, ‘as an American I support (insert target nation here) but collectively this is on them, their apathy and selfishness.

[–] Fancy_Gecko@lemmy.ml 22 points 3 days ago (1 children)

its okay , they'll blame it on the immigrants

[–] BarneyPiccolo@lemmy.today 8 points 3 days ago (1 children)

Even SCOTUS has been taken over by illegal immigrants.

[–] HiddenLayer555@lemmy.ml 3 points 3 days ago

SCOTUS is majority white so that checks out.

[–] NihilsineNefas@slrpnk.net 20 points 3 days ago (1 children)
[–] BarneyPiccolo@lemmy.today 4 points 3 days ago

When it's not working, it's working.

[–] Lucidlethargy@sh.itjust.works 10 points 3 days ago

Trumponomics 101

[–] Assian_Candor@hexbear.net 11 points 3 days ago (1 children)
[–] FatVegan@leminal.space 2 points 3 days ago

Why do you hate freedom?

[–] UnderpantsWeevil@lemmy.world 18 points 4 days ago (1 children)

taxes

robbed

:-/ Libertarianism is the last refuge of scoundrels

refunds are going back to corporations

Furious Trump signs global 10% duty after supreme court issues tariff blow

Trump said he would immediately sign an order increasing tariffs globally by 10% under section 122 of the Trade Act of 1974 and will begin investigations of unfair trade practices allowing further tariffs. He asserted that he had the authority to impose additional tariffs under existing statutes without congressional approval.

...

Section 122 has never been used, and therefore courts have had no occasion to interpret its language. Some news reports have noted this provision appears to authorize the President to impose across-the-board tariffs on imports in some circumstances.”

I'm not seeing anything in here about when refunds are going out. Much the opposite.

[–] LadyMeow@lemmy.blahaj.zone 40 points 4 days ago (3 children)

So the Supreme Court ruled the previous tariffs were illegal. The importers are then able to attempt to get restitution for the tariffs that were collected since they went into effect, it will likely be a convoluted process, but the paid them, and thus are able to get them back.

Meanwhile the prices were raised downstream and the citizens pay them, and won’t see a cent.

Now there are likely to be new 10% tariffs across the board, possibly result in another round of price hikes for the consumers! Ah, America! 🇺🇸what a crap hole

[–] UnderpantsWeevil@lemmy.world 2 points 3 days ago

The importers are then able to attempt to get restitution

They can certainly try. Idk how long they'll need to wait before the Treasury starts cutting rebate checks.

Meanwhile the prices were raised downstream

The tariff rates far exceeded the inflation rate. And inflation has been driven by a host of non-tariff factors - AI driven chip shortages, supply chain disruptions at the Suez and the Panama canal, labor shortages driven by our pogrom against migrants.

Trump policy is shit. But it isn't exclusively bound up in the tariffs. If anything, his tariff policies seem to be his least disastrous, as there's been some degree of insourcing as a result

[–] Mycatiskai@lemmy.ca 1 points 3 days ago* (last edited 3 days ago)

The companies couldn't afford the tariffs in the first place so took on massive debt then Howard Nutlick's sons who are in charge of a company that he previously ran offered to buy up tariff rebates for pennies on the dollar from those companies

Companies took those pennies on the dollar to pay down the debts that they had to take on for the tariffs but now Nutlick's sons will get the tariff rebate of not the company.

https://www.newsweek.com/howard-lutnick-sons-may-make-money-supreme-court-ruling-tariffs-11558345

[–] TheReturnOfPEB@reddthat.com 15 points 4 days ago (1 children)

I'm sure the DoJ will fine all those corporations for ... let me just check my notes here for an amount ...

[–] The_Che_Banana@beehaw.org 5 points 4 days ago

in 10 years they will settle for 0.00000015%.

(this will be offset by the tax rebate they will receive as an 'im sorry to fine you')

[–] AmbientDread@midwest.social 9 points 3 days ago

All part of the American Scheme. Plus deadbeat Don will keep any refunds as tribute for the wonderful times he's delivering for corporations. Small busines? Pfft. You're on your own. But thanks for the cash consumer.

[–] bennieandthez@lemmygrad.ml 8 points 3 days ago

Hell yeah, freedom baby!

[–] Philharmonic3@lemmy.world 6 points 3 days ago

We need a fucking fire.

[–] thatradomguy@lemmy.world 6 points 3 days ago

I fucking owed this time around. I didn't even get a fucking refund. The rich get richer ffs

[–] rayyy@lemmy.world 6 points 3 days ago

Win,win, for the rich again, I guess.

[–] braydan@lemmy.world 6 points 4 days ago

Ahahahahahahaha

[–] NigelFrobisher@aussie.zone 5 points 3 days ago

They were talking on the news about Australian exporters being due refunds for this, but didn’t really get why as they would simply have passed on the costs.

[–] venusaur@lemmy.world 6 points 4 days ago

Only thing people can do is boycott places that don’t somehow reimburse people either through lower priced goods or direct refunds. Anybody got a list of who would be getting refunds?

[–] SnarkoPolo@lemmy.world 2 points 3 days ago

But they're the Job Creators! /s

[–] orioler25@lemmy.world 2 points 3 days ago

Oh, thar actually makes so much more sense. Another way to simulate growth.