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this post was submitted on 08 Sep 2025
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The main people who will get the money are the import brokers who have been leveraging their businesses against the tariffs with the expectation that the money will eventually be refunded.
Americans have been protected against the largest impacts from the tariffs over the past 7 months by these loans. Things would have been MUCH worse when purchasing goods without this.
As a result, if the refunds DON’T go through, all the importers will have to default on their loans, sending both the financial and import industries into a tailspin — PLUS everyone having to shoulder the full effects of the ongoing tariffs.
I didn't realize this was happening. Where can I find out more about this?
You could try looking up his ass, where the source of the news is.
Looks like most of this is happening outside the US - multinationals can apply for relief loans in other countries where they have an established workforce that could be impacted by the tariffs.
Eg, in Canada: https://cdev.gc.ca/applications-are-open-for-the-large-enterprise-tariff-loan-letl-facility/
As originally mentioned though, all this is loans to large multinationals; end users aren’t going to see the relief loans OR the refunds.
No offense, but this sounds like nonsense. I can't imagine any bank willing to take that kind of financial risk given the current context of things.
It also doesn't fix the smaller businesses that had to shutter already.
Hate them if you want, but it doesn't fix the 100+ rural Walmart locations shut down forcing some people to have to go an additional 20 miles and pay higher prices.
Doesn't really matter which way it goes, the damage was the point and it succeeded.
As always "The damage was the point" is giving Trump too much credit. He's not trying to hurt America. He's more interested in enriching himself than enriching his nation, for sure, but he also sees his fortunes as fundamentally tied to those of America and you can see that clearly in his statements and public actions going back long before his presidential ambitions.
He wants America to be the greatest, most respected, most powerful country in the world, and he's doing what he thinks will achieve that.
It's not malice; not towards America as a country, anyway. He's just genuinely, truly, that incompetent and so are the people around him, because he surrounds himself with people who make him feel smart.
And before you bring it up, yes, he's a Russian asset. Of course he is. But he's not the kind of asset you give orders to. They don't need to. He's more than capable of doing all the damage they want without any direction.
As another commenter here beautifully put it, "He's a fire and forget idiot."