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Utopia Talk / Politics / Pepperidge Farm and Trump remember
murder
rank
Tue Apr 21 16:10:57
Trump says he’ll ‘remember’ companies that don’t seek tariff refund

President Donald Trump on Tuesday told CNBC that he will gratefully “remember” U.S. companies that do not seek refunds for the tariffs he unilaterally imposed, which the Supreme Court later ruled were illegal.

Trump’s comment on “Squawk Box” came a day after U.S. Customs and Border Protection opened a portal for importers to seek more than $160 billion in potential refunds for the so-called IEEPA tariffs.

He was asked about a number of large companies, among them Apple and Amazon, that have not filed requests for refunds for the tariffs they paid, potentially because they are worried about “offending” Trump.

Asked if he would find it offensive for them to seek a refund, Trump said, “Brilliant if they don’t do that.”

“Actually, if they don’t do that, they’ve got to know me very well,” he said. “I’m very honored by what you just said.”

“If they don’t do that, I’ll remember them,” Trump said.

The president again complained about the 6-3 Supreme Court decision that voided those tariffs. That ruling, he griped, did not include a sentence that said, “You don’t have to pay back tariffs that have already been received.”

“So, I’m not happy with the Supreme Court, I’ll be honest with you,” Trump said.

Major U.S. retailers have been crushed by Trump’s trade war and stand to benefit materially from refunds.

Earlier this month, Levi Strauss Chief Financial Officer Harmit Singh told CNBC that the company expects to receive around $80 million in refunds for tariffs it paid on importing denim and other apparel items from manufacturers around the world.

Gap, the retail giant whose brands include its namesake, Old Navy, Banana Republic, and Athleta, also has said that it stands to benefit from potential tariff refunds, but did not reveal an amount when the company reported fourth-quarter earnings in March.

“We’ve been clear that the tariff impact has been significant to our performance,” Gap CFO Katrina O’Connell told CNBC in March.

“As an importer of record, we’re definitely working on gaining clarity on whether we can recognize a refund,” O’Connell said. “Because the situation is fluid right now as to how, when, or whether any refunds will ultimately be realized.”

“We’ve not assumed that benefit in our outlook, but certainly we’re tracking it closely, realizing that it could be important to us,” she said.

Many retailers that reported earnings in recent months did not factor into their guidance either the Supreme Court’s decision to void the tariffs imposed by Trump under the International Emergency Economic Powers Act, or potential refunds from that ruling.

As refunds start being processed, retailers do stand to benefit and could end up raising their financial outlooks for the year.

https://ww...t-dont-seek-tariff-refund.html
murder
rank
Tue Apr 21 16:14:43

The same guy who refuses to pay taxes wants corporations who also don't pay taxes to make voluntary tax themselves so as not to "offend" him.

Also, fuck them! Consumers paid the tariffs, not the companies.

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murder
rank
Tue Apr 21 16:15:51

to voluntarily tax themselves*

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Pillz
rank
Tue Apr 21 16:46:42
Lmao

But murder, consumers can take the companies to court!!!
Capitalist
rank
Tue Apr 21 16:50:58
"among them Apple and Amazon, that have not filed requests for refunds for the tariffs they paid"

I wonder what the shareholders think of that. They might sue if the money isn't claimed.
Rugian
rank
Tue Apr 21 17:40:01
Apple will never go against The Donald. Tim Cook is great at kissing Trump's ass:

----

Donald J. Trump
@realDonaldTrump

I have always been a big fan of Tim Cook, and likewise, Steve Jobs, but if Steve was not taken from the Planet Earth so young, and ran the company instead of Tim, the company would have done well, but nowhere near as well as it has under Tim. For me it began with a phone call from Tim at the beginning of my First Term. He had a fairly large problem that only I, as President, could fix. Most people would have paid millions of dollars to a consultant, who I probably would not have known, but who would say that he knew me well. The fees would be paid but the job would not have gotten done. When I got the call I said, wow, it’s Tim Apple (Cook!) calling, how big is that? I was very impressed with myself to have the head of Apple calling to “kiss my ass.” Anyway, he explained his problem, a tough one it was, I felt he was right and got it taken care of, quickly and effectively. That was the beginning of a long and very nice relationship. During my five years as President, Tim would call me, but never too much, and I would help him where I could. Years latter, after 3 or 4 BIG HELPS, I started to say to people, anyone who would listen, that this guy is an amazing manager and leader. He makes these calls to me, I help him out (but not always, because he will, on occasion, be too aggressive in his ask!), and he gets the job done, QUICKLY, without a dime being given to those very expensive (millions of dollars!) consultants around town who sometimes get it done, and sometimes don’t. Anyway, Tim Cook had an AMAZING career, almost incomparable, and will go on and continue to do great work for Apple, and whatever else he chooses to work on. Quite simply, Tim Cook is an incredible guy!!! President DONALD J. TRUMP
tumbleweed
rank
Tue Apr 21 18:21:18
"U.S. companies that do not seek refunds for the tariffs "

how could US companies get refunds? he told us repeatedly only foreign countries pay the tariffs... was he LYING????
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