POPULARITY
Categories
If you are one of the millions of people who haven't done your taxes yet, you've got a month and a day left to file. Something to look forward to, though? Refunds are up over 10% on average so far this year, and more people are receiving tax refunds. But first, we'll check in on how discount retailers are doing and learn how the war in the Middle East is impacting Federal Reserve officials' thinking about a rate cut.
If you are one of the millions of people who haven't done your taxes yet, you've got a month and a day left to file. Something to look forward to, though? Refunds are up over 10% on average so far this year, and more people are receiving tax refunds. But first, we'll check in on how discount retailers are doing and learn how the war in the Middle East is impacting Federal Reserve officials' thinking about a rate cut.
Over the past week, the Trump administration has begun providing initial updates on its plan to reimburse $166 billion in tariffs collected over the past year that the Supreme Court invalidated in February. Approximately 330,000 importers are expected to be eligible for refunds, which must be paid with interest. Ad-free podcasts are here!To listen to this podcast ad-free, and to enjoy our subscriber only premium content, go to ReadTangle.com to sign up!Join us on Reddit!Over the past year, our community on Reddit has been growing — as have the discussions about our coverage. In the past month, threads titled “Under-discussed Topics around Iran War,” “The State of the Union was bad, but not for why Tangle thinks,” and “Justice for Isaac's lost right socks” have garnered a lot of participation. If you want to start a discussion on a specific issue, a broad theme with our coverage or anything to do with the Tangle podcast, join our Reddit community at r/TangleNews!You can read today's podcast here, our “Under the Radar” story here and today's “Have a nice day” story here.You can subscribe to Tangle by clicking here or drop something in our tip jar by clicking here. Take the survey: Do you think tariff refunds will be disbursed? Let us know.Our Executive Editor and Founder is Isaac Saul. Our Executive Producer is Jon Lall.This podcast was written by: Audrey Moorehead and audio edited and mixed by Dewey Thomas. Music for the podcast was produced by Diet 75.Our newsletter is edited by Managing Editor Ari Weitzman, Senior Editor Will Kaback, Lindsey Knuth, Bailey Saul, and Audrey Moorehead. Hosted on Acast. See acast.com/privacy for more information.
Dan Anthony from WePayTheTariffs explains the recent Supreme Court decision that ruled certain tariffs illegal, how the refunds for affected importers will work, and what steps ecommerce owners should take moving forward. The Supreme Court recently struck down President Trump's tariffs. And that means there's good news and bad news. The good news is that you're likely going to be entitled to a full refund of any IEPPA tariffs you paid last year after the SCOTUS ruling. The other good news is that the CBP has been instructed to make the job of getting tariff refunds as simple as possible. The bad news is you're going to have to jump through a couple of hoops first. In today's episode, Dan Anthony from WePayTheTariffs is on to clear some of the confusion and skepticism about the refunds and the recent tariff increase that was announced after the Supreme Court passed their judgement. Timestamps: 00:00 - The Supreme Court's ruling on tariffs 01:44 - What the ruling did and did not address 02:12 - What happens to tariff money? 03:42 - Differences in legal footing between Trump 1.0 and 2.0 tariffs 05:15 - Timeline for implementing new tariffs 09:46 - Current application rates of tariffs: 10% or 15% 10:10 - What you need to do to get tariff refunds 13:37 - The urgency of refunds and how delays cost the US government money 16:58 - The likelihood of refunds being issued 18:54 - Potential government objections to refunds and appeal possibilities 20:19 - Timeline and procedural steps for refund payments 22:04 - Windows to protest tariffs and how they apply here 23:37 - The role of legislative efforts and legal timelines for refunds 26:07 - WePayTheTariffs' mission and ongoing advocacy efforts 28:48 - How small importers can support the campaign and register for refunds Resources & Links: WePayTheTariffs.com — Join the movement to advocate for tariffs refunds CBP Refund Registration — Register for ACH refunds to ensure you receive your money Section 301 Trade Law — U.S. Trade Representative info Section 232 Steel & Aluminum Tariffs — Official documentation As always, if you have any questions or anything that you need help with, leave a comment down below if you're interested. Don't forget to leave us a review over on iTunes if you enjoy content like this. Happy selling and we'll talk to you soon!
CBP has announced its new ACE functionality, the Consolidated Administration and Processing of Entries or "CAPE", to streamline IEEPA tariff refunds. When will it be ready, and what capabilities can we expect?
Companies are now facing class action lawsuits from customers claiming they are owed tariff refunds. Greg and Jim discuss the latest.
Chris, Dan, and Pat are once again joined by ORCHID. They do not discuss Ollygate or the ACTION Death Valley Days: Road Report controversy. Please don't buy a mug.
As fallout from the Supreme Court's IEEPA decision continues, Talking With One Voice hosts Caitlin Sickles, Paul Nathanson, and Omar Nashashibi break down the latest tariff developments and what they mean for manufacturers. The team discusses the Administration's shift to Section 122 tariffs, and plans to use Section 301 and Section 232 authorities and how companies are pursuing refunds. The team then discusses the political landscape ahead of the midterms.
This Day in Legal History: Butler ActOn March 13, 1925, the Tennessee General Assembly approved the Butler Act, a statute that made it unlawful for public school teachers to present any theory that denied the biblical account of human creation. The law specifically prohibited teaching that humans evolved from lower forms of life, reflecting growing tensions between scientific ideas and religious beliefs in early twentieth-century America. Tennessee lawmakers framed the statute as a way to protect traditional moral values in public education. Critics, however, immediately argued that the law restricted academic freedom and undermined the teaching of modern science.The controversy quickly escalated when a young teacher, John T. Scopes, agreed to challenge the statute. Scopes was charged with violating the Butler Act after he allowed evolution to be discussed in his classroom. His prosecution led to the famous 1925 Scopes “Monkey” Trial in Dayton, Tennessee. The trial drew national attention and featured two of the era's most prominent legal figures: Clarence Darrow for the defense and William Jennings Bryan for the prosecution. Their courtroom clash turned the case into a dramatic public debate over science, religion, and the role of government in shaping school curricula.Although Scopes was ultimately convicted and fined $100, the trial exposed deep cultural divisions within the United States. Media coverage portrayed the proceedings as a symbolic struggle between modern scientific thinking and religious fundamentalism. Over time, the Butler Act came to be seen by many as an example of government overreach into education and intellectual inquiry. Tennessee formally repealed the statute in 1967, decades after the trial had become a lasting symbol of the conflict between science and law.Federal Circuit Judge Pauline Newman has asked the U.S. Supreme Court to review her ongoing challenge to a suspension imposed by her fellow judges. In a petition filed Thursday, the 98-year-old judge argues that the D.C. Circuit wrongly ruled that courts cannot review many challenges to judicial suspension orders under the Judicial Conduct and Disability Act. Newman contends that the statute should allow review when suspension decisions violate the law or the Constitution. Her petition claims the lower court misinterpreted the law by blocking challenges to actions that exceed the authority granted under the statute. Newman argues that her suspension effectively removes her from the bench without impeachment, which she says undermines constitutional protections for judicial independence and lifetime tenure.The Federal Circuit's judicial council first suspended Newman in 2023 after concerns that potential mental or physical health issues made her unable to perform judicial duties. The suspension followed her refusal to undergo medical evaluations requested by her colleagues and was characterized as serious misconduct. Although the suspension was initially set for one year, it has been renewed twice. Newman appealed through the internal judicial review process, but a national committee of judges upheld the suspension in 2024. She also challenged the suspension in federal court, arguing that parts of the judicial discipline law are unconstitutional. Both a district court and the D.C. Circuit dismissed the case, relying on a statutory provision stating that disciplinary orders under the act are final and not subject to judicial review. Newman now asks the Supreme Court to clarify whether courts may still review suspension orders that allegedly exceed legal or constitutional limits.Judge Newman Takes Suspension Battle To Supreme Court - Law36098-year-old judge asks US Supreme Court to hear case over her suspension | ReutersThe U.S. Commodity Futures Trading Commission (CFTC) has begun the process of developing regulations for prediction markets, issuing an advance notice of proposed rulemaking and asking the public for input on how the industry should be governed. The agency said the move is intended to support innovation while ensuring prediction markets operate within the framework of the Commodity Exchange Act. Interest in regulation has grown as more companies apply to register as designated contract markets, with many applications coming from prediction market platforms. These platforms allow users to trade on the outcomes of events such as sports games, elections, and entertainment awards.The CFTC is seeking feedback on several issues, including whether margin trading should be allowed, what types of event contracts might be harmful to the public interest, and whether individuals with insider knowledge should be restricted from trading on certain outcomes. At the same time, the agency released staff guidance reminding platforms to avoid contracts that could be easily manipulated, such as those tied to specific player injuries or actions by a single referee. The guidance also explains that platforms can list new contracts through a self-certification process, although the CFTC can intervene if it believes a contract violates the law.The regulatory effort comes amid ongoing legal disputes about who has authority over prediction markets. The CFTC maintains that it has exclusive jurisdiction, while several states have attempted to regulate or restrict these platforms under gambling laws. Meanwhile, members of Congress have introduced legislation that would ban certain types of event contracts, including those related to violence or death, and strengthen rules against insider trading on prediction markets.CFTC Proposes Prediction Markets Rule - Law360CFTC Seeks Public Comment on Advanced Notice of Proposed Rulemaking Relating to Prediction MarketsThe Trump administration has filed a lawsuit against California seeking to block the state's Advanced Clean Cars I (ACC I) regulations, arguing that the rules unlawfully interfere with federal authority over vehicle fuel economy standards. The lawsuit, brought by the U.S. Department of Justice and the Department of Transportation, targets California rules adopted in 2012 that require automakers to sell increasing numbers of low-emission and zero-emission vehicles. Federal officials claim the regulations effectively force manufacturers to meet stricter nationwide standards and function as a quota system for electric vehicles.According to the complaint, California cannot impose its own limits on vehicle emissions because the federal Energy Policy and Conservation Act gives the federal government authority to set fuel-economy standards through the National Highway Traffic Safety Administration. The administration argues that California's requirements could increase vehicle prices, reduce consumer choice, and disrupt the national auto market. Federal officials also say Congress revoked certain Clean Air Act waivers in 2025 that previously allowed California to enforce some emissions rules.California leaders strongly dispute the lawsuit and say the state is defending policies designed to reduce pollution and expand access to cleaner vehicles. State officials argue the federal government is attempting to undermine California's environmental regulations and its efforts to lead the transition to cleaner transportation. The lawsuit is part of a broader series of legal disputes between the federal government and California over vehicle emissions standards and electric-vehicle mandates.Feds Sue To Stop California's ‘Illegal' EV Regulations - Law360U.S. Customs and Border Protection (CBP) told a federal court that it is making progress on a system to refund about $166 billion in tariffs that were ruled unlawful. According to a court filing, the agency's four-part refund system is between 40% and 80% complete, with the review portion the most developed and the mass-processing component the least finished. The system will include an online portal where importers and brokers can submit claims for reimbursement.The filing was submitted to the U.S. Court of International Trade in response to an order from a judge directing the government to begin refunding tariffs after the U.S. Supreme Court struck down most of the tariffs in February. The Court's decision invalidated tariffs collected since February 2024 but did not explain how refunds should be handled. CBP previously suggested building a new system to process claims rather than using its existing process, and officials say the new portal could begin accepting applications as soon as mid-April.More than 330,000 importers paid the tariffs on roughly 53 million shipments, though only about 21,000 importers are currently registered to receive refunds. Refunds will go only to the companies that originally paid the tariffs, and there is no legal requirement that businesses pass the money on to consumers. Some companies, including FedEx, have said they will reimburse customers, while Costco indicated it may lower prices using the refunded funds. Meanwhile, new legal disputes are emerging as businesses and states challenge additional tariffs imposed after the Supreme Court ruling.US customs agency says building system for tariff refunds is 40% to 80% complete | Reuters This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe
15. Richard Epstein (Civitas Institute)criticizes President Trump's trade policies and tariff investigations, arguing they cause severe domestic economic dislocation. He highlights the legal uncertainty businesses face regarding tariff refunds and the potential for prolonged litigation. (15)1900 BRUSSELS
Chuck Zodda and Mike Armstrong break down day 13 of the Iran conflict, with the Strait of Hormuz still largely shut and oil climbing back toward $95 per barrel.They explain:• Why the 400 million barrel SPR release may not solve the real supply problem• How futures markets are signaling higher prices for longer• What refinery slowdowns in Asia could mean for global shortages• The growing risk to fertilizer, food supply, and developing economiesPlus: China's reported fuel export ban, shifting tanker access rumors, and why it could take more than 4 million labor hours to process tariff refunds after the Supreme Court ruling.Stay informed with The Financial Exchange.
The Paychex Business Series Podcast with Gene Marks - Coronavirus
With the U.S. Supreme Court ruling against the legality of some tariffs and another court ruling that refunds must be paid, host Gene Marks offers business owners several tips on how to set themselves up to get their piece of billions of dollars returned. The Paychex Small Business Employment Watch paints a more stable picture of job growth than the federal government, which announced a loss of 92,000 jobs in February. A new weekly feature highlighting artificial intelligence shows that people who lost jobs in customer service to AI are being rehired, and the reason why will surprise you. Additional Resources Meet Paychex: https://bit.ly/3VtM6bs Paychex Small Business Employment Watch: https://bit.ly/paychex-sbew Tariffs and refund article: https://bit.ly/tariffs-and-refunds DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
This episode is an honest conversation about why I almost never ask for refunds, and how that single habit has shaped the kind of buyer, leader, and business owner I have become. Why? The way you buy doesn't stop at the transaction. It quietly influences how you show up, what you tolerate, and the kind of people you attract into your business. In this episode, Ashley explores the deeper patterns behind refunds, commitment, and discomfort, and why those patterns often repeat on both sides of the sale. In this episode, she breaks down:
Today, Chelsea and James chat about Guinness as they get excited for St. Paddy's Day! They also dive into stories of truly horrendous passengers, discuss a brand-new Scandinavian train line, and share some must-know tips on getting a refund if your flight suddenly changes.Hosted on Acast. See acast.com/privacy for more information.Download SAILY in your app store and use our code PASSPORTS at checkout to get an exclusive 15% off your first purchase! For further details go to https://saily.com/passportsplease Hosted on Acast. See acast.com/privacy for more information.
The recent ruling by the U.S. Court of International Trade has profound implications for the furniture industry, as it potentially paves the way for approximately 300,000 companies to receive refunds for previously paid tariffs now deemed illegal. This decision could result in a staggering $130 billion in refunds, escalating to approximately $175 billion when interest is considered. Such a financial reprieve arrives amidst a landscape marked by evolving sourcing strategies and significant challenges in domestic manufacturing, exemplified by Prepack Furniture's impending closure of its North Carolina facility, which will displace around 200 workers. Furthermore, the retail sector continues to navigate a complex environment characterized by mixed performance metrics, as some retailers report gains in foot traffic while others experience declines. As we delve into these developments, we shall explore how these multifaceted dynamics are reshaping the operational frameworks of furniture retailers, manufacturers, and suppliers alike.Takeaways:The recent ruling by the U.S. court on tariffs could potentially result in substantial refunds for approximately 300,000 companies, including those in the furniture sector.With the closure of Prepack Furniture's manufacturing facility in North Carolina, the industry faces ongoing challenges due to rising production costs and global competition.Retailers are increasingly employing localized marketing strategies to enhance customer engagement and loyalty, demonstrating the importance of understanding regional consumer preferences.Kohl's performance in the fourth quarter illustrates the complexities of inventory management, as they reported a decline in net sales despite an increase in profitability.The evolving sourcing strategies within the furniture industry reveal a shift towards diversification, with companies increasingly relying on manufacturing hubs in Vietnam and India.Overall consumer spending remains resilient, yet the furniture sector must navigate ongoing supply chain disruptions and geopolitical uncertainties to maintain growth.
IEEPA tariff refunds are coming…but in ACE years. So, how long is that? Listen for more on Two Minutes in Trade.
The Today in Manufacturing Podcast is brought to you by the editors of Manufacturing.net and Industrial Equipment News (IEN).This week's episode is brought to you by Interpower. Why pay more for power cords when you don't have to? Made in the U.S.A., our cords are made from the best raw materials—and undergo rigorous testing. Need reliable power cords? Get them with no minimum orders. Why play cord roulette with imports?We're on a roll—tariff-free cords by Interpower®. More here: https://go.interpower.com/quality-tested-north-american-and-international-cords-fastEvery week, we cover the three biggest stories in manufacturing, and the implications they have on the industry moving forward. This week:- Regulators Raid Farm Turned ‘Skinny Jab' Factory- PepsiCo to Shutter Southern California Facility, Cut Nearly 250 Jobs- Stellantis Workers, Union Fume Over $0 BonusesIn Case You Missed It- Stanley Black & Decker Closing Last Factory in Founding City- Judge Rules Companies Are Entitled to Refunds for Tariffs Overturned by the Supreme Court- FDA to Offer Bonus Payments to Staffers Who Complete Speedy Drug ReviewsPlease make sure to like, subscribe and share the podcast. You could also help us out a lot by giving the podcast a positive review. Finally, to email the podcast, you can reach any of us at David, Jeff or Anna [at] ien.com, with “Email the Podcast” in the subject line.
Back from TPM, the team dives into the biggest forces reshaping ocean shipping right now.This week's episode covers:Demand data and a widening imbalance on Asia to Europe, plus what that means for headhaul pricingHow parcel and DTC trade lanes are shifting as brands rethink sourcing and resilienceThe latest on IEEPA being ruled unlawful, what “refunds” might actually mean, and why the importer of record mattersSection 122 tariffs, the 150 day clock, and what comes nextThe Strait of Hormuz disruption, end-of-voyage declarations, cargo being discharged at alternate ports, and the surge of emergency surchargesWhy some fuel surcharges risk being blunt, not trade-specific, and potentially duplicative for shippers already paying variable fuel mechanismsHow index-linked contracts and freight derivatives can help manage exposure when markets reprice fast
This Day in Legal History: The AmistadOn March 9, 1841, the U.S. Supreme Court decided United States v. The Amistad, ruling that a group of Africans who had seized control of the Spanish ship La Amistad were free individuals who had been illegally enslaved. The case began after the captives, led by Sengbe Pieh—often called Cinqué—revolted against the ship's crew while being transported from Cuba in 1839. They had originally been kidnapped in West Africa and sold into slavery in violation of international agreements banning the transatlantic slave trade. After the revolt, the ship was intercepted near Long Island and the Africans were taken into U.S. custody. Spanish officials demanded that the United States return both the ship and the captives to Cuba. The U.S. government supported Spain's request, arguing that the captives were property under Spanish law.Abolitionists rallied to the Africans' defense and secured legal representation for them in American courts. The case eventually reached the Supreme Court, where former President John Quincy Adams joined the legal team arguing for the captives' freedom. Adams delivered a lengthy and passionate argument emphasizing natural rights and the illegality of the slave trade that had brought the Africans to Cuba. Writing for the majority, Justice Joseph Story concluded that the captives had been unlawfully enslaved and were therefore not property. Because they were free individuals, the Court held that they had the legal right to resist their captivity and fight for their liberty. The Court ordered that the Africans be released rather than returned to Spanish authorities.The ruling was celebrated by abolitionists as an important moral and legal victory in the fight against slavery. Although it did not end slavery in the United States, the decision demonstrated that courts could recognize limits on the slave trade and acknowledge the legal claims of enslaved people.Thirteen major U.S. book publishers have filed a copyright lawsuit against Anna's Archive, a website they describe as one of the largest “shadow libraries” distributing pirated books and academic papers. The publishers—including HarperCollins, Wiley, McGraw Hill, and Cengage—filed the complaint in federal court in New York, alleging that the site hosts more than 63 million books and 95 million research papers without authorization. According to the lawsuit, Anna's Archive allows users to download these materials directly or through torrent networks, making copyrighted works widely available for free. The publishers claim the site openly presents itself as a pirate platform and intentionally violates copyright law.The complaint also alleges that Anna's Archive was created in 2022 after copying entire collections from other illegal book repositories and has continued expanding its database. The publishers say the site operates anonymously and frequently changes domain names across different countries to avoid enforcement efforts. They further claim the platform targets artificial intelligence developers by offering large datasets of books and papers. While free users can access files slowly, the complaint states that faster downloads are available to users who make donations through untraceable methods like cryptocurrency or gift cards. The publishers allege that these donations can reach roughly $200,000 for high-speed bulk access. In response, the plaintiffs are asking the court to shut down the site and award statutory damages of up to $150,000 for each infringed work.The lawsuit follows a separate case brought by Atlantic Recording Corp., which earlier obtained a preliminary injunction preventing Anna's Archive from distributing millions of music files allegedly copied from Spotify. That case resulted in a default after the site failed to respond to the complaint. However, the publishers argue that the earlier injunction does not cover books, allowing the alleged book piracy to continue. The Association of American Publishers has publicly supported the lawsuit, describing the scale of digital piracy as extremely large and urging legal action to stop the operation.Publishers Sue ‘Shadow Library' For ‘Staggering' Book Piracy - Law360Companies that operate in California are facing uncertainty as the state moves forward with major climate disclosure laws while a federal appeals court considers whether the rules should be blocked. The laws—California Senate Bills 253 and 261—require large companies doing business in the state to disclose information about greenhouse gas emissions and climate-related financial risks. In late February, the California Air Resources Board approved initial regulations explaining how the reporting system will be administered and how companies will pay implementation fees. At the same time, the Ninth Circuit has temporarily blocked enforcement of S.B. 261 and is reviewing a request from business groups to halt both laws entirely.Because of this parallel regulatory and legal process, many companies are unsure whether they should invest heavily in compliance or wait for the courts to rule. S.B. 253 applies to companies with more than $1 billion in annual revenue and requires reporting of Scope 1, Scope 2, and Scope 3 greenhouse gas emissions, which include direct emissions, energy-related emissions, and emissions from supply chains. S.B. 261 applies to companies with more than $500 million in revenue and requires disclosure of climate-related financial risks and mitigation strategies. Attorneys say collecting this data could be difficult, especially for companies that only have limited operations in California or that must gather information from suppliers and partners in other regions.The reporting requirements could also affect businesses outside California because companies subject to the law may need emissions data from their partners and vendors. Regulators have begun setting deadlines for initial reporting, including an August deadline for certain emissions data, but many details about how the system will function remain unresolved. Meanwhile, business groups including the U.S. Chamber of Commerce argue the laws violate the First Amendment by forcing companies to speak on controversial issues related to climate change. With rulemaking still underway and litigation ongoing, companies are left trying to prepare for possible compliance while waiting to see whether the courts ultimately uphold or invalidate the laws.Companies In Limbo Over Calif. Climate Disclosure Laws' Fate - Law360In a major California bellwether trial over claims that social media harms children's mental health, the plaintiff has finished presenting her case against Instagram and YouTube. The plaintiff, a 20-year-old referred to as Kaley G.M. to protect her identity, alleges that features on the platforms contributed to anxiety, depression, and body dysmorphia she experienced as a minor. Her attorney, Mark Lanier, chose not to call Kaley's mother to testify live, instead presenting a brief portion of her deposition to the jury. The decision appeared partly influenced by strict time limits imposed by the judge during the trial. In the deposition testimony, the mother acknowledged she had little knowledge of her daughter's social media use and did not monitor her phone because she viewed it similarly to a household landline.Defense attorneys have argued that Kaley's mental health problems were caused by difficulties at home rather than the platforms themselves. Evidence introduced at trial suggested the plaintiff had conflicts with her mother, including allegations of neglect, verbal abuse, and limited supervision of internet use. The defense also pointed to bullying and other personal issues as alternative explanations for the plaintiff's struggles. Meanwhile, a former Meta employee testified that internal company information suggested Instagram could be addictive and harmful to young users, although defense lawyers challenged his credibility and the extent of his involvement with safety issues.The plaintiff's final expert witness discussed ways social media companies could design safer platforms for children. After the plaintiff rested, Meta began presenting its defense with testimony from school administrators connected to the plaintiff. The case is the first bellwether trial among thousands of similar lawsuits consolidated in California, with outcomes potentially shaping settlement negotiations and future trials. TikTok and Snap previously settled with this plaintiff, but the broader litigation against social media companies continues.Meta, Google Begin Defense As Mental Harm Plaintiff Rests - Law360 UKThe U.S. Customs and Border Protection (CBP) agency told a federal trade court that it expects to create a system within about 45 days to process refunds for tariffs that were previously imposed under President Donald Trump and later ruled unconstitutional by the U.S. Supreme Court. The tariffs generated roughly $166 billion in payments from about 330,000 importers, and the Court's decision did not specify how those funds should be returned. As a result, government lawyers and a judge from the U.S. Court of International Trade are working to establish a practical process for issuing refunds.Under the proposed plan, importers would submit a declaration through CBP's electronic system detailing the tariffs they paid. The agency would verify the information and then issue a single payment from the Treasury Department to each importer, including interest. Officials say this approach would avoid forcing businesses to file individual lawsuits to recover their money. The judge overseeing the matter recently modified an earlier order that required immediate refunds, acknowledging that the agency needs time to build a workable system.CBP explained that its current administrative system cannot automatically process refunds on the massive scale required. Importers paid tariffs on more than 53 million shipments, and manually reviewing each transaction could require millions of hours of labor. Several large companies, including affiliates of Nintendo and CVS, have already filed lawsuits seeking repayment, though the government hopes a broader refund system will resolve claims more efficiently.Business groups such as the U.S. Chamber of Commerce have supported the proposal, saying it could simplify the process for smaller companies. However, officials noted that relatively few importers have registered for the electronic refund system created earlier this year. The court continues to oversee the development of the refund process through a test case that could guide how payments are returned to all affected businesses.US customs agency expects tariff refund system to be ready in 45 days | Reuters This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe
U.S. Customs and Border Protection says it cannot quickly process refunds tied to Trump-era tariffs that the Supreme Court ruled illegal. In a new court filing, the agency says more than 330,000 importers paid about $166 billion across more than 53 million shipments, and refunding that money manually would take about 4.4 million labor hours. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Learn more about your ad choices. Visit megaphone.fm/adchoices
Welcome to Omni Talk's Retail Daily Minute, sponsored by Grocery Dealz and Mirakl.In today's Retail Daily Minute, Omni Talk's Chris Walton discusses:All Eddie Bauer stores are set to close after the brand's retail operator failed to find a single qualified buyer in bankruptcy court.Costco CEO Ron Vachris pledges to flow any IEEPA tariff refunds back to members through lower prices and better values.Dick's Sporting Goods crashes the AI party, briefly hitting #3 on the Apple App Store's free download chart thanks to a viral wave of posts about the app's fitness rewards feature.The Retail Daily Minute has been rocketing up the Feedspot charts, so stay informed with Omni Talk's Retail Daily Minute, your source for the latest and most important retail insights.Be careful out there!
The gaming industry is facing its most significant legal week of 2026. First, we break down the U.S. government's move against Tencent Games—the Shenzhen-based giant behind League of Legends and Riot Games—citing the same data privacy concerns that led to the TikTok divestiture. Then, we dive into Nintendo's blockbuster lawsuit against the U.S. Court of International Trade. Following the February 20th Supreme Court ruling striking down IEEPA-authorized tariffs, Nintendo is demanding a full refund, with interest, for billions in "unlawful" duties paid on Switch 2 accessories and hardware. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Linktree: https://linktr.ee/AnalyticJoin The Normandy For Ad-Free NME, Additional Bonus Audio And Visual Content For All Things Nme+! Join Here: https://ow.ly/msoH50WCu0KThe Nintendo Lawsuit Against U.S. Government Over Tariffs (2026) is heating up as Nintendo of America files suit on March 6, 2026, in the United States Court of International Trade. In this segment of Notorious Mass Effect, Analytic Dreamz dives into the high-profile case where Nintendo demands a full refund—with interest—of tariffs paid under now-invalidated policies imposed by the Trump administration starting February 1, 2025.The tariffs, enacted via executive orders under the International Emergency Economic Powers Act (IEEPA), targeted imports from numerous countries, including key Nintendo manufacturing hubs like Vietnam and Cambodia. The Supreme Court ruled on February 20, 2026, in Learning Resources, Inc. v. Trump that IEEPA does not authorize such tariffs, deeming them unlawful and triggering over 380 similar corporate lawsuits (with thousands more including prior cases) from companies like Costco, Toyota, and GoPro seeking refunds on billions collected—estimates range from $166 billion to over $200 billion in total duties.Nintendo claims substantial harm from these "unlawful trade measures," citing impacts like delayed U.S. pre-orders for the Nintendo Switch 2 (originally set to begin April 9, 2025, but postponed due to tariff uncertainty) and price hikes on the original Switch and some Switch 2 peripherals in 2025 to offset costs. The suit names agencies including the U.S. Department of the Treasury, Homeland Security, Customs and Border Protection (CBP), Commerce, and the U.S. Trade Representative, plus officials like Scott Bessent and Kristi Noem.Refunds face delays: CBP cites manpower shortages, outdated systems, and massive volume, though a new processing system is expected in about 45 days. A federal judge has ordered reimbursements to begin, but logistical hurdles persist amid broader industry fallout, including potential future pressures like global RAM shortages.Analytic Dreamz breaks down the timeline, Supreme Court ruling, Nintendo's financial arguments, and what refunds could mean for console pricing across gaming—potentially stabilizing or lowering costs for Switch 2, PlayStation, Xbox, and hardware in 2026–2027 if the wave of litigation succeeds.Support this podcast at — https://redcircle.com/analytic-dreamz-notorious-mass-effect/exclusive-contentPrivacy & Opt-Out: https://redcircle.com/privacy
The San Joaquin River Parkway Trust has halted its use of human‑derived compost at Sumner Peck Ranch after Fresno County officials and the San Joaquin River Conservancy said the practice may violate state law and was done without required approval. County leaders, including Supervisor Garry Bredefeld, blasted the decision and warned the trust may face legal action if the material isn’t removed. Please Like, Comment and Follow 'Philip Teresi on KMJ' on all platforms: --- Philip Teresi on KMJ is available on the KMJNOW app, Apple Podcasts, Spotify, YouTube or wherever else you listen to podcasts. -- Philip Teresi on KMJ Weekdays 2-6 PM Pacific on News/Talk 580 AM & 105.9 FM KMJ | Website | Facebook | Instagram | X | Podcast | Amazon | - Everything KMJ KMJNOW App | Podcasts | Facebook | X | Instagram See omnystudio.com/listener for privacy information.
The San Joaquin River Parkway Trust has halted its use of human‑derived compost at Sumner Peck Ranch after Fresno County officials and the San Joaquin River Conservancy said the practice may violate state law and was done without required approval. County leaders, including Supervisor Garry Bredefeld, blasted the decision and warned the trust may face legal action if the material isn’t removed. Please Like, Comment and Follow 'Philip Teresi on KMJ' on all platforms: --- Philip Teresi on KMJ is available on the KMJNOW app, Apple Podcasts, Spotify, YouTube or wherever else you listen to podcasts. -- Philip Teresi on KMJ Weekdays 2-6 PM Pacific on News/Talk 580 AM & 105.9 FM KMJ | Website | Facebook | Instagram | X | Podcast | Amazon | - Everything KMJ KMJNOW App | Podcasts | Facebook | X | Instagram See omnystudio.com/listener for privacy information.
Host: Cindy Allen Show: Simply Trade – Cindy's Version Published: March 6, 2026 Length: ~13 minutes Presented by: Global Training Center Ready For It? CBP's IEEPA Refund Proposal Drops—Here's What's Next Cindy Allen, CEO of TradeForce Multiplier, dives into the latest trade developments through Taylor Swift's “Ready For It?”—perfect for the “let the games begin” drama unfolding in IEEPA refund hearings. From DHS shakeups and Section 122 lawsuits to CBP's just‑filed refund blueprint, Cindy unpacks the mechanics, open questions, and what importers/brokers should do now. What You'll Learn in This Episode DHS leadership change Secretary Noem removed; scuttlebutt suggests more exits at DHS/CBP headquarters. New nominee: Oklahoma senator with broad congressional/President support (not yet formal). Section 122 tariff challenges 24 states sue in Court of International Trade, arguing Section 122 doesn't meet “imbalance of payments” requirement for universal tariffs. Commerce Secretary Besant hints at 15% rate hikes for specific industries, potentially violating Section 122's uniform application rule—no movement yet (as of Friday afternoon). USMCA signals Congress supports extension, but President has final say. Discussions on trilateral vs. bilateral (U.S.–Canada, U.S.–Mexico); some push for 1‑year extension to renegotiate post‑tariff chaos. Global disruptions Iran war halts Strait of Hormuz traffic, backing up oil tankers and vessels reliant on that fuel—broad transportation ripple effects. USTR advisory opportunity Nominations open for 4 USTR trade advisory groups (separate from COAC)—check Federal Register notices. Chance to influence policy, build government/industry relationships. Why “Ready For It?” Cindy channels Taylor Swift's “Ready For It?” for the IEEPA refund “dating game” between DOJ, CBP, and CIT: Federal Circuit rejected government's 90‑day delay request, remanded immediately to CIT. CIT hearing (March 4) was “entertaining” bickering—judge ruled no suit needed for non‑final entries and ordered CBP to liquidate without IEEPA duties. CIT conference (March 6, closed): CBP filed a refund proposal. CBP's IEEPA Refund Proposal Breakdown How it would work: Importers file ACE declaration with Excel list of affected entries. ACE runs validations, auto‑recalculates IEEPA refund. CBP verifies declaration accuracy. ACE auto‑liquidates; CBP certifies; Treasury issues refunds (as normal). Estimated 45 days for CBP programming. Open questions: Entry updates: ACE is system of record—will underlying entry summaries be corrected? (Critical for protests, PSCs, reconciliation, drawback.) Broker involvement: ABI required? Broker systems need programming? Push/pull updates? Reconciliation: How handled in bulk process? PSC/audit impact: Can filers still correct misclassifications post‑bulk liquidation? (Protests harder than PSC.) Liquidation halt: CBP questions authority to pause during 45‑day programming (hundreds of thousands liquidated March 6). Key Takeaways CIT has jurisdiction; expect CBP proposal review/dialogue—trade associations pushing entry updates. Programming delays + ABI sync = potential months before refunds flow. Liquidation is automatic unless stopped—monitor your entries closely. “Let the games begin”—are you ready for the IEEPA refund process? Credits Host: Cindy Allen Producer: Annik Sobing Listen & Subscribe Simply Trade main page: https://simplytrade.podbean.com Apple Podcasts: https://podcasts.apple.com/us/podcast/simply-trade/id1640329690 Spotify: https://open.spotify.com/show/09m199JO6fuNumbcrHTkGq Amazon Music: https://music.amazon.com/podcasts/8de7d7fa-38e0-41b2-bad3-b8a3c5dc4cda/simply-trade Connect with Simply Trade Podcast page: https://www.globaltrainingcenter.com/simply-trade-podcast LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast YouTube: https://www.youtube.com/@SimplyTradePod Join the Trade Geeks Community Trade Geeks (by Global Training Center): https://globaltrainingcenter.com/trade-geeks/
March 6, 2026 ~ Marie Osborne, WJR's Director of Community Affairs and News discusses the ruling that says companies are entitled to Trump tariff refunds. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
March 6, 2026 ~ Economic analyst Patrick Anderson unpacks the new court order directing the Trump administration to restart the tariff refund process. Who qualifies? How fast could refunds flow? And what does it mean for Michigan businesses? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
A Supreme Court ruling gives companies the green light to claim refunds for Trump-era tariffs — and the potential bill could reach $1–2 trillion. We break down how this affects businesses, law firms, and the U.S. economy, and why Trump's strategic use of tariffs still works as a non-violent tool. Episode Summary In this episode, we dive into the Supreme Court's recent decision on Trump's tariffs and what it means for American businesses and the federal government: 1. Tariff Refunds & Damages Companies can recover the actual tariffs paid — an estimated $300–360 billion. Damages and interest are also claimable for businesses that suffered losses due to the tariffs. Some lawsuits could balloon the total bill to $1–2 trillion. 2. Law Firms & Lawsuit Rights Law firms are already buying rights to these claims, betting they can secure double the refund through damages and interest. These class actions could stretch on for years, delaying resolution but creating high stakes for both companies and the government. 3. The Strategic Use of Tariffs Trump's targeted, short-term tariff strategy — like his recent moves with Spain — demonstrates how trade can be wielded as a non-violent pressure tool. While long-term tariffs layered on top of income taxes can be problematic, precise, lightning-fast tariffs can achieve compliance without crippling the economy. History note: The founders envisioned tariffs as a revenue tool before federal income taxes existed. 4. Power & Perception The U.S. economy has enormous leverage over other nations through trade — leverage many Americans don't realize. Trump's approach highlights the untapped power of economic policy as a non-violent weapon. This episode explores the enormous financial and geopolitical implications of overturning Trump-era tariffs — from multi-trillion-dollar payouts to strategic trade leverage in global politics. Key Topics Supreme Court ruling on Trump tariffs Potential $1–2 trillion in refunds and damages Law firms buying claims and class action dynamics Tariffs as a targeted, non-violent tool Historical context: tariffs vs. federal income tax U.S. trade leverage and global economic power
Thanks to Garmin for supporting the podcast! New CADE merch alert: https://wearethewildones.com/en-gbp/collections/all 00:00 Ad: Garmin data wins 00:47 moon landing 03:30 Send us your questions for Sarah Ruggins! 05:33 3D printed Hezo shoes update 06:43 New Tiagra 13:04 Specialized, Trek and Shimano are suing the US government 15:52 Giant sales tank 17:07 Ed Sheeran's Giant Propel 18:00 Crash concerns 23:44 Best bikepacking hack we've seen in ages 28:32 Refreshing advice on overtaking cyclists 33:15 Jimmi broke the podcast (FUOTW) 37:27 Unpopular Opinion: All cyclists should do this 43:52 Unpopular Opinion: Shove your winter miles where the sun don't shine 47:42 Winning, goal setting and letting go after retirement Great bikepacking hack! https://www.instagram.com/p/DUDxEUHjH6U/ Driving Instructor UK: https://www.youtube.com/watch?v=9nUKQ80t2QU You can check out the video versions of the podcast, plus more videos from Cade Media here: https://www.youtube.com/@Cade_Media/videos If you'd like us to send in a question, story, some good news, things you'd like us to discuss or anything else, email us at wildonespodcast@cademedia.co.uk Thanks and see you next time. Or you can send us a voice note on Whatsapp: +44 7860 860 213 Our address: CADE, PO Box 790, Durham, DH1 9TH, UK (Unfortunately we can't guarantee anything you send will be featured, and are unable to return anything you send us) Learn more about your ad choices. Visit podcastchoices.com/adchoices
One step forward on IEEPA refunds, or at least we know which direction we are headed, but ultimately likely leading back to the Courts. Listen for more on Two Minutes in Trade.
Listen for the latest from Bloomberg News See omnystudio.com/listener for privacy information.
Mike Armstrong and Paul Lane explain why thousands of companies are seeking refunds, the legal fight still ahead, and why the process could become a logistical nightmare—especially for smaller businesses trying to recover the money they paid. They also discuss rising oil prices and market volatility tied to the Middle East conflict, why energy stocks are outperforming while tech continues to lag in 2026, new warnings about AI-powered financial scams targeting Americans, and key retirement planning strategies investors should understand before required minimum distributions begin.
In this episode, Ross discusses the ongoing conflict with Iran, sharing his thoughts on the war's impact on the market and the US economy. He also talks about the recent Supreme Court ruling on President Trump's tariffs and the potential consequences for the administration. Additionally, Ross shares his concerns about the lack of vaccination in certain groups, leading to measles outbreaks in the US and other countries. He's joined by Dr. Jay Bhattacharya, the director of the National Institutes of Health and interim director of the CDC, to discuss the importance of vaccination and the CDC's recommendations.See omnystudio.com/listener for privacy information.
The recent court ruling regarding tariff refunds for importers marks a significant development within the furniture industry, as it has the potential to influence numerous stakeholders reliant on imported goods. This episode elucidates the implications of a federal trade court's directive for the U.S. Customs and Border Protection to initiate refunds related to previously imposed tariffs, thereby opening avenues for financial recuperation for affected importers. Concurrently, we explore retail strategies that furniture retailers might adopt from established entities such as Target, particularly in terms of enhancing customer engagement through innovative showroom designs and improved service models. Furthermore, the episode addresses the escalating challenges posed by rising big box rents, which are prompting furniture retailers to reconsider their expansion strategies amidst a competitive real estate landscape. We also evaluate recent corporate developments, including the Chapter 11 filing of a regional retailer and the closure of enduring independent stores, which collectively reflect the evolving dynamics of the furniture market in the face of economic uncertainties.Takeaways:The recent court ruling may enable furniture importers to receive refunds for previously imposed tariffs, significantly impacting financial operations within the industry.Furniture retailers are encouraged to adopt innovative strategies akin to those utilized by Target, enhancing customer engagement through improved store presentations and service.Despite a wave of retail closures, rising rents for big box stores pose significant challenges, compelling furniture retailers to reassess their expansion strategies in competitive markets.In a notable bankruptcy case, American Home Furniture and Mattress seeks reorganization amidst industry challenges, indicative of broader financial pressures affecting regional retailers.The closure of longstanding independent stores, such as Kelsey Furniture, underscores the intense competitive pressures that have reshaped the retail landscape in recent years.Industry demand remains stable yet cautious, with new residential furniture orders showing little growth, reflecting consumer wariness amid ongoing economic fluctuations.
PJ gets the lowdown from Eoghan Corry of travelextra.ie Hosted on Acast. See acast.com/privacy for more information.
Find the FULL TRANSCRIPT and other resources for coaches at ProsperousCoach.com/376Other episodes mentioned/related to this topic:118 Episodes about Discovery Call Mastery162198217241242 with downloadable cheat sheetMost of Rhonda's episodes about pricing https://prosperouscoachblog.com/topics/podcast/money-mastery-podcast/Has a coaching client asked you for a refund? It's a symptom.Coaches unwittingly create requests like that by undervaluing themselves, which shows up in· messaging· offers· pricing, and· enrollment processesHow you value yourself colors what prospects and clients experience with you.Your uncertainty breeds their uncertainty. They'll show that by asking for:· References· Guarantees· An escape hatchThey'll ask questions that seem mistrustful which knocks down your confidence.That painful cycle stops when you decide to own your value. And, YES, you can simply DECIDE! Then, in every way you operate your business, show that you've owned your value.Let's talk about practical ways to generate faith in yourself and your prospects faith in you.I'd love to hear from you. Stay inspired and make things happen! - Rhonda Hess, Prosperous Coach Rhonda Hess helps new coaches leverage their zone of genius into a profitable coaching niche and launch with confidence. For VIP step-by-step support apply for Rhonda's VIP Coaching Business Breakthrough Program here and she'll be in touch to invite you a discovery call. Or if you're stuck on your coaching niche, grab a Nail Your Niche Strategy Session with Rhonda here.
Takeaways The Supreme Court ruling on tariffs is a significant development for retailers. Refund processes for tariffs are expected to be expedited due to public attention. Companies need to proactively mitigate risks associated with potential class action lawsuits. The landscape of tariffs is changing, with new regulations being introduced. The green trade movement is gaining traction, but companies face challenges in prioritizing sustainability. Domestic manufacturing, especially for PPE and pharmaceuticals, is a focus for the current administration. Compliance with trade laws is becoming increasingly important for companies. AI is being utilized by customs for enforcement, creating new challenges for importers. Specialization in trade law can provide a competitive advantage in the industry. Personal experiences and insights can guide career paths in trade law. Chapters 00:00 Supreme Court Ruling on Tariffs 05:29 Consumer Impact and Retailer Strategies 10:41 De Minimis and Sourcing Strategies 15:51 Compliance and Duty Mitigation Strategies
On the podcast: about the cost of not tracking your experiments and decisions, how refunds and chargebacks quietly erase your paywall wins, and why stacking A/B test wins should compound your growth, but almost never does.This conversation is shorter than usual and will be featured in RevenueCat's State of Subscription Apps report. Each episode in this series will explore one crucial topic and share actionable insights from top subscription app operators.Top Takeaways:
In this week's episode of the Rich Habits Radar, Robert Croak and Austin Hankwitz walk listeners through the 1,800 companies suing the US government right now for roughly $135B in tariff refunds, Trump's $1,000 retirement match, and Meta + AMD's $100B partnership. ---
See omnystudio.com/listener for privacy information.
John is joined by Dennis H. Hranitzky, partner in Quinn Emanuel's Salt Lake City office, and Fritz Scanlon, of counsel in Quinn Emanuel's Washington, D.C. office. They discuss the recent Supreme Court decision invalidating all tariffs President Trump imposed under the International Emergency Economic Powers Act (IEEPA). IEEPA tariffs had generated an estimated $160 billion in revenue and were central to the administration's tariff policy.The administration justified these tariffs based on declared national emergencies, including fentanyl trafficking and persistent trade deficits. The Court did not rule on whether those circumstances constituted true emergencies. Instead, the Court held that the tariffs were invalid because the Constitution assigns all taxing authority to Congress, and the IEEPA did not expressly grant the President the power to impose tariffs.In response to the Supreme Court's ruling, the administration has now turned to other statutes, including Section 122 of the Trade Act of 1974, which allows temporary tariffs of up to 15 per cent for 150 days to address balance-of-payments concerns. Other tools, such as Section 232 of the Trade Expansion Act of 1962, permit product-specific tariffs tied to national security findings, but require administrative investigations and procedural safeguards. These mechanisms provide less unilateral flexibility than IEEPA had afforded.John, Dennis, and Fritz also discuss the prospects for companies obtaining refunds through litigation. Importers who directly paid the invalidated tariffs appear to have strong claims for reimbursement, primarily through the U.S. Court of International Trade in New York, which has exclusive jurisdiction over tariff disputes. A two-year statute of limitations generally applies. While companies' right to obtain refunds is viewed as legally solid, delays are anticipated through procedural defenses and litigation tactics. Additional complexity arises for downstream purchasers who indirectly bore tariff costs; their recovery prospects will likely depend heavily on contractual allocation of tariff liability and other fact-specific circumstances.Podcast Link: Law-disrupted.fmHost: John B. Quinn Producer: Alexis HydeMusic and Editing by: Alexander Rossi
There's a new chapter in President Donald Trump's ongoing tariff rollercoaster. In April of 2025, President Trump unveiled his reciprocal tariff plan, which stacked new tariffs onto existing duties to raise overall import taxes as high as 145% for certain countries. The “Liberation Day” announcement left the beauty, fashion and wellness industries struggling to properly plan for 2025 and beyond. These tariffs have been a major source of revenue for the Federal government. In January, the U.S. collected more than $30 billion in duties, more than double the amount generated in January of 2025. Last week, in a 6-3 decision, the Supreme Court struck down these tariffs on the grounds that they were ordered under the 1977 International Emergency Economic Powers Act. The SCOTUS ruling doesn't say that Trump cannot enact tariffs, just that IEEPA doesn't explicitly give the president that power. This rollback has caused ripples throughout our focus industries, with brand leaders wondering what happens next and whether businesses can expect refunds on the tariffs struck down by SCOTUS. On Tuesday, House Democrats announced plans to unveil a bill on March 2 outlining how businesses can recoup these illegal tariffs. The Senate Committee on Finance estimates that the government collected about $175 billion in tariffs under IEEPA since April 2025. Immediately after the SCOTUS ruling, President Trump signed an executive order imposing a blanket 10% percent tariff on imported goods. On Saturday, he said he would raise it to 15%, but as of Wednesday, at the time this podcast was recorded, U.S. Custom and Border Protection had replaced Trump's IEEPA tariffs with a 10% global import charge. It's unclear if it will be changed to 15% soon. On Tuesday, during the State of the Union address, President Trump called the SCOTUS ruling “unfortunate” and said that the “type of money we're taking in is saving our country.” He said the U.S. would soon have to “make a new deal that could be far worse” for companies and countries as the administration is “testing alternative legal statutes” which are “a little more complex but probably a little bit better” than IEEPA. He added that “congressional action would not be necessary” to reinstate similar tariffs. In the meantime, brands have been left to navigate a quickly changing landscape. In today's episode, Glossy Beauty Podcast host Lexy Lebsack is joined by senior fashion reporter Danny Parisi and senior beauty reporter Emily Jensen to unpack the latest tariff news and share how brands are responding. Both Parisi and Jensen covered the tariff rollback earlier this week for Glossy's beauty and fashion verticals.
AP correspondent Ed Donahue reports another company is saying yes to tariff refunds.
In the wake of the Supreme Court ruling that invalidated much of Trump's tariff regime, former trading partners are no longer waiting on Washington to sort out its legal chaos. Instead, they are accelerating efforts to route around the United States altogether. The European Union is deepening trade ties within its own bloc and with emerging markets in Asia and Latin America. Asian economies are expanding regional agreements that reduce reliance on US demand. Even close allies like Japan and South Korea are diversifying export destinations and strengthening supply chains that bypass American bottlenecks. What began as reluctant compliance with Trump's tariff threats is quietly evolving into structural decoupling. The message from abroad is pragmatic and unsentimental: if US trade policy can be overturned overnight by domestic court battles, it is no longer a stable anchor for global commerce. Independent media has never been more important. Please support this channel by subscribing here: https://www.youtube.com/channel/UCkbwLFZhawBqK2b9gW08z3g?sub_confirmation=1 Join this channel with a membership for exclusive early access and bonus content: https://www.youtube.com/channel/UCkbwLFZhawBqK2b9gW08z3g/join Five Minute News is an Evergreen Podcast, covering politics, inequality, health and climate - delivering independent, unbiased and essential news for the US and across the world. Visit us online at http://www.fiveminute.news Follow us on Bluesky https://bsky.app/profile/fiveminutenews.bsky.social Follow us on Instagram http://instagram.com/fiveminnews Support us on Patreon http://www.patreon.com/fiveminutenews You can subscribe to Five Minute News with your preferred podcast app, ask your smart speaker, or enable Five Minute News as your Amazon Alexa Flash Briefing skill. CONTENT DISCLAIMER The views and opinions expressed on this channel are those of the guests and authors and do not necessarily reflect the official policy or position of Anthony Davis or Five Minute News LLC. Any content provided by our hosts, guests or authors are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything, in line with the First Amendment right to free and protected speech. Learn more about your ad choices. Visit megaphone.fm/adchoices
DOD – Disrupter Disrupters China markets reopening after Lunar New Year Mexico Cartel Wars Refunds requested for the illegal tariffs PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - The CTP for Caterpillar announced - DOD - Disrupter Disrupters - China markets reopening after Lunar New Year - Mexico Cartel Wars (Jalisco) Markets - Mortgage Rates - looking good! - Tariffs found illegal - that is not stopping anything - Refunds requested for the illegal tariffs - Monday's big drop and AI taking a bite out of stock prices Tariffs - First, who actually knows what is going on. 100% chaos - Supreme court ruled illegal (6-3) - 10% flat across all countries immediately added - Wait a day and make that 15% - FedEx seeks refund for illegal IEEPA tariffs imposed by Trump after the Supreme Court ruled Trump's tariffs exceeded authority - Numerous lawsuits expected for IEEPA tariff refunds - Apple has spent more than $3 billion on tariffs since President Donald Trump enacted his trade policies. What about that? (HOW TO FIGURE OUT WHO GETS THE REFUND) --- Estimate that $175B tariffs have been collected alreay - A group of 22 U.S. Senate Democrats on Monday introduced legislation that would require President Donald Trump's administration to fully refund within 180 days all of the revenue, with interest, collected from tariffs struck down by the U.S. Supreme Court. - The legislation would require the Customs and Border Protection agency, which collects tariffs at U.S. ports of entry, to prioritize small businesses. - The U.S. Customs and Border Protection agency said it will halt collections of tariffs imposed under the International Emergency Economic Powers Act at 12:01 a.m. EST (0501 GMT) on Tuesday Stop The Presses - After years of JCD's rants....... - Apple will soon introduce MacBooks with touch screens - Apple Inc.'s initial touch Macs will have the Dynamic Island at the center top of the display and OLED screen technology. The new MacBook Pro models will have a refreshed, dynamic user interface that can shift between being optimized for touch or point-and-click input. Europe Reacts - "The current situation is not conducive to delivering 'fair, balanced, and mutually beneficial' transatlantic trade and investment, as agreed to by both sides" in the joint statement setting out the terms of last year's trade agreement, the Commission said. "A deal is a deal." - All active discussions are halted on any USA/Europe trade deal The Potential Winners - Brazil and China may be the winners here - Chinese President Xi Jinping has a boost in bargaining power after the US Supreme Court invalidated Donald Trump's broad emergency tariffs, a key point of leverage over China. - The removal of tariff threats will make it harder for Trump to press Xi for larger purchases of certain products and leaves him without a key weapon to strike back if Chinese negotiators make fresh demands. - Xi's team will likely push harder for access to advanced semiconductors, the removal of trade restrictions on Chinese companies, and reduced US support for self-ruled Taiwan, according to Wu Xinbo, director at Fudan University's Center for American Studies. NVDA Earnings - NVIDIA drops its fiscal Q4 2026 (ended Jan 2025) results tomorrow—another make-or-break moment for the AI trade. - The bar is sky-high after years of blowout beats, but whispers of "peak AI" and slowing growth momentum have investors on edge. --- Consensus Expectations : ----Revenue: ~$65.6–$66.1 billion (up ~67–68% YoY from last year's ~$39B; guided $65B ±2% in prior report) ------EPS (adjusted/non-GAAP): ~$1.50–$1.53 (up ~70–72% YoY from $0.89). --------Gross margins: Targeting ~75% non-GAAP (holding strong despite supply chain noise). -----------Key driver: Data Center segment expected to crush ~$58–$60B, fueled by Blackwell ramp and hyperscaler spend. Home Depot Earnings - The home-improvement retailer gained 2.7% after posting fourth-quarter adjusted earnings of $2.72 per share on revenues of $38.20 billion. - That exceeded the per-share earnings of $2.54 on revenues of $38.12 billion expected by analysts polled by LSEG. AMD News - The semiconductor maker rose about 11% after it inked a multiyear deal with Meta to lend up to 6 gigawatts of its graphics processing units to artificial intelligence data centers. - The cost of the deal is unclear, but the companies' agreement includes a a performance-based warrant that could amount to up to 160 million of AMD shares, according to a statement dated Tuesday. - Meta has committed to deploying up to 6 gigawatts (GW) of AMD's Instinct GPUs (high-end graphics processing units optimized for AI workloads) to power its massive AI data centers. - Analysts estimate the GPU portion alone could be worth $60–$100+ billion over 5+ years Mortgage Rates - The average rate on the popular 30-year fixed mortgage fell to 5.99% on Monday, according to Mortgage News Daily, matching its lowest levels since 2022. - Last year at this time the rate was 6.89%. - A buyer putting 20% down on the median priced home, about $400,000 according to the National Association of Realtors, would have a monthly payment of $1,916 for the principal and interest. One year ago, that payment would have been $2,105, a difference of $189. Life Insurance Record - Manulife Financial Corp. sold a $300 million life insurance policy in Singapore, topping what Guinness World Records certified as the most valuable policy ever issued. - The policy surpasses the previous record of $250 million, set by HSBC Life in Hong Kong in 2024. Manulife said in a statement Tuesday that the deal reflects growing demand from ultra-wealthy clients to preserve their assets. - In Singapore over the past 12 months, Manulife has issued 25 individual policies each worth more than $50 million. Bitcoin Rout - Gemini said it was axing as much as a quarter of its staff and exiting the UK, European Union and Australia entirely. - This week, it parted with its chief operating officer, chief financial officer and chief legal officer, all in a single day. - Its stock has fallen more than 80% from a post-listing high last year, collapsing its market value from a peak of almost $4 billion to under $700 million. Over the Greenland - USA sending a "hospital ship" over - Trump's post on the ship came hours after Denmark's Joint Arctic Command said it had evacuated a crew member who required urgent medical treatment from a U.S. submarine in Greenlandic waters, seven nautical miles outside of Greenland's capital, Nuuk. - Greenland said thanks but no thanks So Long! - U.S. investors are pulling money out of their own stock market at the fastest pace in at least 16 years as Big Tech returns fade and better-performing overseas markets look more attractive. - In the last six months, U.S.-domiciled investors have pulled some $75 billion from U.S. equity products, with $52 billion flowing out since the start of 2026 alone, the most in the first eight weeks of the year since at least 2010 AI Disruption - DOD (Disruption of Disrupters) - CrowdStrike -9.8% and other cybersecurity names under heavy pressure again as AI disruption fears build following Anthropic's Claude Code release - - Cybersecurity stocks are under broad pressure today, extending recent weakness following Friday's launch of Claude Code Security by Anthropic. Claude Code Security scans codebases for vulnerabilities and suggests software patches for human review, fueling a narrative that AI platforms may be moving more quickly into parts of the security workflow than investors had previously expected. For cybersecurity, that raises concern around the forward demand outlook and competitive positioning, particularly in areas tied to application security, cloud security, identity workflows, and security operations automation, where AI-native tools could start to narrow perceived differentiation. - The move suggests investors are still sorting through the implications for product overlap, pricing power, and competitive positioning as AI capabilities evolve quickly. - IBM shares dropping toward lows of the session; attributed to news that Claude can automate cobol modernization COBOL (Common Business-Oriented Language) is a high-level, English-like programming language created in 1959 for business, finance, and administrative data processing. It is renowned for its verbosity, readability, and reliability, processing massive amounts of transactions on mainframe systems,, notes NetCom Learning and IBM. Despite being decades old, it remains critical in banking, insurance, and government sectors. - It is estimated that 70-80% of the world's business transactions are processed by COBOL Grok's Prediction about Future of OpenAi/ChatGPT Scenario Likelihood (My Estimate) Key Factors Outcome for OpenAI/ChatGPT Thriving Leader Medium (40%) Sustained breakthroughs, partnerships (e.g., Microsoft), regulatory wins OpenAI as AI giant; ChatGPT as ecosystem hub for agents/robots Evolved Survivor High (50%) Adaptation to agents/hardware; mergers Exists but rebranded; ChatGPT integrated into daily life tools Decline/Acquisition Low (10%) Overcompetition, funding collapse Absorbed or legacy; ChatGPT commoditized or obsolete Quick check on Europe Shares - European company earnings growth is picking up this reporting season against a tentatively improving economic backdrop, but wary investors are demanding more than solid results to justify sky-high valuations. - Companies representing 57% of Europe's market capitalization have reported so far, achieving average earnings growth of 3.9% in the fourth quarter, ahead of estimates for a final result of a contraction of 1.1% --- That is a big differential.... +3.9 vs -1.1 Iran Talks - News over the weekend that Iran will look to discuss a variety of items and potentially get a deal.... energy, mining and aircraft - Best guess: Iran will string us along like Russia is doing and we will say we have some kind of bogus deal. --- There is some talk of US "going in" as we are building military presence. Supposedly there are some saying it could be a multi-week incursion. - What is the plan - Regime change? What is this? - A divided Supreme Court on Tuesday ruled that Americans can't sue the U.S. Postal Service, even when employees deliberately refuse to deliver mail. - By a 5-4 vote, the justices ruled against a Texas landlord, Lebene Konan, who alleges her mail was intentionally withheld for two years. Konan, who is Black, claims racial prejudice played a role in postal employees' actions. - Justice Clarence Thomas, writing for a majority of five conservative justices, said the federal law that generally shields the Postal Service from lawsuits over missing, lost and undelivered mail includes “the intentional nondelivery of mail.” - So can ballots just be thrown in garbage for mail-ins for one party that will throw out another party's? Love the Show? Then how about a Donation? HE CLOSEST TO THE PIN for CATERPILLAR Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt! FED AND CRYPTO LIMERICKS See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter
Today's Post - https://bahnsen.co/40qp47X Snowed in New York recording opens with a sharp selloff (Dow -822; S&P -1%+; Nasdaq -1.1%). Weakness tied more to AI valuation and pressure in tech and financials than tariffs. The 10-year yield fell to ~4.03%; defensives led. AI capex for 2026 is pegged at $650B across five firms. Nvidia's $30B OpenAI investment is expected to cycle back via chip orders. The Supreme Court ruled 6–3 that IEEPA cannot be used to impose tariffs; Congress retains tariff authority. Refund mechanics remain unclear. Possible alternatives include Section 122 (150-day limit) and the more complex 301 and 232 routes. Strategas estimates a net $70B tariff reduction even if some measures return. Refunds could total $120–130B, potentially stimulative, though implementation may be uneven. July's USMCA review approaches amid improving U.S.–Mexico ties and rising U.S.–Canada tensions. Q4 GDP was 1.4%; 2025 growth seen at 2.2% vs. 2.8% in 2024. Housing is softening, with markets pricing in 2–3 Fed cuts toward ~3%. 00:00 Snowed In Intro 01:15 Market Selloff Snapshot 03:24 AI Capex Reality Check 04:52 Supreme Court Tariff Ruling 06:33 Section 122 Workaround 08:06 Other Tariff Pathways 09:40 Economic Impact Estimates 10:44 Refunds and USMCA Fallout 12:56 GDP Housing and Fed Cuts 15:25 Geopolitics and Wrap Up Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
Carl Quintanilla, Sara Eisen, and David Faber kicked off a snowy morning with a look at the broader markets, and where tariff rates stand - as stocks take a leg lower following last week's SCOTUS decision. Charles Schwab's Chief Strategist Liz Ann Sonders joined the team with more on what it all means for stocks - before longtime geopolitical expert Ian Bremmer from Eurasia group gave his take on the impact for already-made trade deals. Plus: the 130 billion dollar question... Who will get a tariff refund? Hear a read from the ground with the CEO of Flexport - whose new 'refund calculator' is already getting use from Fortune 500 companies. Around the edges: details on the trial results hitting Novo Nordisk shares, and the latest on media names as President Trump threatens Netflix over a board member's political comments. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
The Supreme Court just kneecapped Trump's "tariffs by emergency" strategy, and Nate and Chuck break down why that's actually a huge win for limiting presidential power. They dig into the scary argument hiding underneath it: if "regulate" secretly means "tax," then any president can invent arbitrary taxes across the entire federal regulatory state. Not great when the next "emergency" is climate, guns, or whatever cable news is screaming about. Then the show pivots to the MAGA vs MAHA fracture over glyphosate and Roundup. An executive order, a farm bill immunity push, and the ugly Monsanto paper trail that explains why people don't trust "the experts." Plus: Seattle's gig worker pay law backfires, California ships gas on a bizarre Bahamas loophole because of the Jones Act, and the low-IQ smears aimed at Thomas Massie heat up. 00:00 Welcome 01:14 SCOTUS Strikes Trump's IEEPA Tariffs: What the Ruling Actually Means 04:24 Regulate vs Tax: Why Tariffs Are Congress's Job (and Why It Matters) 12:06 Loopholes, Fees, and the Slippery Slope for Future Presidents 19:25 Kavanaugh's Dissent: The Roadmap to Tariffs via Other Statutes 21:42 Refunds, Market Reaction, and the Left's Mixed Incentives 24:01 MAGA vs MAHA: Glyphosate/Roundup, DPA EO, and Farm Bill Immunity 30:32 Monsanto Papers: Ghostwritten Science, Emails, and Lawsuit Fallout 36:00 Dumb Democrats: 'Nobody Called Trump Hitler/Racist' and Newsom's Spin 40:28 Newsom's 'Historically Illiterate' Claim & the Dyslexia Victim Card 41:39 AOC's Accent Switch + Venezuela 'Below the Equator' Fact-Check 44:39 Bill Maher's CO2 vs CO Mix-Up (and the Smug Delivery) 47:34 Too Many 'Dumb' Clips: Submissions Overload & Charlie Has to Bounce 49:16 Seattle Gig-Worker Minimum Pay Law Backfires: Higher Base, Lower Tips 55:40 California Gas Prices, Bahamas Detour & Why the Jones Act Makes It Worse 01:01:52 Twitter Files Fallout: DOJ/FBI Payments to X Kept Secret in Court 01:04:39 Defending Thomas Massie: 'Voting With Democrats' and 'Team Player' Attacks
We are joined by podcaster extraordinaire, Eteng Ettah, as we dive into urban legends submitted by you, our Conspiriters! From after-school haunted shenanigans, to a make-up stealing ghost (Sephora is EXPENSIVE), this episode has a little bit of something for everyone. Content Warning: This episode contains conversations about or mentions of death, elder abuse and manipulation, hanging, suicide, family death, weight discussion, mental health struggles, injury, car accidents, arson, and illness. GuestEteng Ettah was raised by Nigerian immigrants and MTV. Based in NYC, she currently hosts Consider This For Comfort, where she breaks down why your favorite comfort TV shows are your favorite comfort TV shows.She is a narrative and creative strategist with a deep love for storytelling and culture. With over a decade of experience, she's helped nonprofits, media orgs, and brands bring their missions to life through smart strategy, compelling narratives, and audience-first communications. Whether she's shaping a campaign, building meaningful partnerships, or weighing in on pop culture, Eteng's work lives at the intersection of strategy, storytelling, and pop culture commentary. Her commentary and analysis have been featured across a range of platforms, including the BlackStar Film Festival, Scalawag Magazine, NPR Stateside, Free Speech TV, New York Amsterdam News, WGN-TV and more.Housekeeping- Books: Check out our previous book recommendations, guests' books, and more at spiritspodcast.com/books- Call to Action: Send in those urban legend emails!- Submit Your Urban Legends Audio: Call us! 617-420-2344Minneapolis Spotlight- Purchase the No ICE in Minnesota bundle on Itch.io to help raise funds for Immigrant Law Center of Minnesota and get over 1400 TTRPGs.Find Us Online- Website & Transcripts: spiritspodcast.com- Patreon: patreon.com/spiritspodcast- Merch: spiritspodcast.com/merch- Instagram: instagram.com/spiritspodcast- Bluesky: bsky.app/profile/spiritspodcast.com- Twitter: twitter.com/spiritspodcast- Tumblr: spiritspodcast.tumblr.comCast & Crew- Co-Hosts: Julia Schifini and Amanda McLoughlin- Editor: Bren Frederick- Music: Brandon Grugle, based on "Danger Storm" by Kevin MacLeod- Artwork: Allyson Wakeman- Multitude: multitude.productionsAbout UsSpirits is a boozy podcast about mythology, legends, and folklore. Every episode, co-hosts Julia and Amanda mix a drink and discuss a new story or character from a wide range of places, eras, and cultures. Learn brand-new stories and enjoy retellings of your favorite myths, served over ice every week, on Spirits.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.