K1052
Elite Member
This is going to be an absolute disaster. I really hope our treasury does not go bankrupt with having to deal with claims from businesses for tariff relief. Forget lawsuits (only the biggest companies can afford those anyway)--I'm talking about writeoffs and the resultant underpayment of Federal taxes that we KNOW that no one in this Administration has planned for.
Democrats hoping for an amazing midterm election result better be wary--there is a slight chance of an economic recover/boon if business spending increases due to tariffs being struck down. Of course Trump and the Administration and downballot Republican congress critters will take credit for any good economic news between Q2-Q4.
It's a couple hundred billion bucks IIRC, we're not defaulting. Processing the refunds is going to be a logistical for a government that can now barely tie its own shoelaces and they will resist all the way. The government also does not possess anywhere near the number of lawyers needed to contest a tsunami of lawsuits on this.
Trump will likely react with restraint of course and not try to implement work arounds that damage the economy further (lol).

