TARIFF TRADE

SCOTUS invalidated all country-specific tariffs. Last week another court invalidated the tariffs introduced to replace the initial tariffs. This means replacement tariff monies will also have to be returned to the importers/wholesalers/retailers, which will boost their profits as they ALREADY passed the costs on to households. It’s hard to think of a more economically destructive illegal policy, hated by everyone, that boosts corporate profits at the expense of households.