this post was submitted on 06 Mar 2026
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310
Tech industry is in tariff hell, even if refunds are automated (arstechnica.com)
submitted 3 weeks ago by vegeta@lemmy.world to c/technology@lemmy.world
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[–] panda_abyss@lemmy.ca 128 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

“$700 million in interest is added to the final bill every month that the government delays tariff refunds, or around $23 million per day.”

It’s insane that the American tax payers paid more for products, and now they get to pay interest on their illegal payments, and all of that money goes into the coffers of private companies — who will no doubt use it to issue special dividends to their investors and bonuses to their execs.

Any sane administration would be promptly removed and this would be a chain around their neck for a generation.

[–] Sanctus@anarchist.nexus 29 points 3 weeks ago (1 children)

Alright, well the only way they are getting promptly removed is if average Americans all decide they need to go to DC to physically do it.

[–] LemmyFeed@lemmy.dbzer0.com 12 points 3 weeks ago (3 children)

DC is 3000 miles away from me and I have to work on Monday.

[–] Sanctus@anarchist.nexus 5 points 3 weeks ago

If only the 'opposition' party wasn't spineless. Y'know how the j6ers did their coup? Republicans paid for it.

[–] Rivalarrival@lemmy.today 2 points 3 weeks ago

The designated subject for your personal protest is the richest person within 20 miles of you.

[–] HeyThisIsntTheYMCA@lemmy.world 1 points 3 weeks ago

i can't remember what the election map of DC looks like. oh right 95% blue. no wonder that's the first place krasnov's grosstapo went

[–] dust_accelerator@discuss.tchncs.de 5 points 3 weeks ago

Can't it be claimed as a tax refund? If not, why? Just claim it and sue if it's not paid out. I feel it's a refundable expense, no?

[–] ekZepp@lemmy.world 74 points 3 weeks ago (1 children)

Stick to your old hardware and wait for the shitstorm to pass. The big tech deserve to fail.

[–] Sturgist@lemmy.ca 40 points 3 weeks ago (1 children)

The big tech doesn't deserve ~~to fail.~~ a bail out, but will definitely be getting one.

[–] Kn1ghtDigital@lemmy.zip 66 points 3 weeks ago (3 children)

Hot take: if your company needs a bailout it's no longer a private company and belongs to people as a public service and is regulated as such.

[–] Sturgist@lemmy.ca 35 points 3 weeks ago (2 children)

I mean.... personally? I don't feel like this is actually that much of a hot take. More of a verifiably good idea.

[–] Chronographs@lemmy.zip 11 points 3 weeks ago (2 children)

That sounds a lot like socialism and we don’t do that in this here land of the free 🦅

[–] zikzak025@lemmy.world 11 points 3 weeks ago

And yet the "free" market can't be trusted to correct itself and fill the gaps if we allow a giant megacorp to fall.

[–] grue@lemmy.world 5 points 3 weeks ago

"Pay no attention to the [US government buying 10% of Intel] behind the curtain."

[–] kiterios@lemmy.world 4 points 3 weeks ago (1 children)

The bailout is the government purchasing shares at about to go bankrupt prices. It's a reasonable take that isn't even really a change in the system.

[–] Sturgist@lemmy.ca 4 points 3 weeks ago

See....that's the kind of logic that gets people places!

........ unfortunately in the US the place it might get you is the gulag....

[–] HeyThisIsntTheYMCA@lemmy.world 3 points 3 weeks ago* (last edited 3 weeks ago)

bailouts ought to come with leverage either as a loan/bond (at fed rates) or a capital investment. I agree! and then the company can either buy the government out or repay the loan. it strikes me as fair.

now hear me out: that fund that the government owns? all those stocks and bonds?

if you are an elected official, you gotta sell your stocks, your bonds, your etfs, everything. then you invest in the government fund. they're gonna fuck around to boost those stocks anyways, so let's have a set that we know.

then make an ETF for us plebes that follows it that we can invest in if we want to follow their inside trading.

[–] big_slap@lemmy.world 2 points 3 weeks ago

hmm...... never thought about it like this but I agree 👍

[–] queermunist@lemmy.ml 29 points 3 weeks ago

Good thing we just started a war to paralyze global energy markets. That'll help!

[–] spaghettiwestern@sh.itjust.works 25 points 3 weeks ago

The tech industry will get to keep refunds of the of tariffs they've collected AND will make more money automating the distribution of those refunds to themselves.

Sounds like the tech industry is in tariff heaven.

[–] deliriousdreams@fedia.io 21 points 3 weeks ago (1 children)

I have a question. The government is repaying companies that paid the tariffs. But the companies passed the cost of the tariffs on to the consumers. Do the consumers get refunded for their tariff applicable purchases? Like. Not the whole thing obvious, but the portion that covered the tariffs?

[–] moonshadow@slrpnk.net 22 points 3 weeks ago (1 children)

What do you think lol? Cards Against Humanity is sending wee little checks out if you email them, but it's both a marketing stunt and the only incidence I've heard of

[–] deliriousdreams@fedia.io 13 points 3 weeks ago

I think it's important to highlight it because these companies likely will pocket the refunds and give their consumers nothing. I doubt that prices will even fall in the wake of this to pre tariff prices.

Which means even in fucking it up and enacting tariffs that were illegal it still benefitted businesses instead of consumers when what that idiot claimed at the start is that the American people would benefit and even see lower prices.

[–] Corkyskog@sh.itjust.works 13 points 3 weeks ago (1 children)

It may be time for Trump to rethink tariffs

LOL. It's his only trick

[–] Dremor@lemmy.world 9 points 3 weeks ago

To rethink something, it would require to think first.

[–] Gonzako@lemmy.world 12 points 3 weeks ago (1 children)

Wonder what'll be the next insider trading scheme

[–] ParlimentOfDoom@piefed.zip 10 points 3 weeks ago

Seems to be: betting on their own actions on prediction markets

[–] tal@lemmy.today 7 points 3 weeks ago (4 children)

“Restraint’s probably not the perfect word,” but the president may start exhibiting “a little more contemplation and thoughtfulness,” Dolen suggested.

I mean, theoretically, yes...

[–] SpaceNoodle@lemmy.world 3 points 3 weeks ago

Not even in theory, no.

[–] Steve@startrek.website 2 points 3 weeks ago

Not capable

[–] brsrklf@jlai.lu 1 points 3 weeks ago

Theoretically in the way some particles have been theorized to maybe exist according to physical models but have never been observed.

[–] ArbitraryValue@sh.itjust.works 5 points 3 weeks ago

The content of the article does not match the title. It doesn't actually talk specifically about the tech industry or claim that it is in particular difficulty.