Thomas Hawk posted a photo:
"After a Supreme Court of the United States ruling in Feb. 2026, many tariffs imposed by the Trump administration were declared illegal because the president overstepped his authority," writes Slashdot reader hcs_$reboot. "As a result, the U.S. government now has to refund a massive amount of money, around $160-170+ billion, paid mainly by importers." According to the New York Times, the administration has now begun accepting refund requests, "surrendering its prized source of revenue -- plus interest." From the report: For some U.S. businesses, the highly anticipated refunds could be substantial, offering critical if belated financial relief. Tariffs are taxes on imports, so the president's trade policies have served as a great burden for companies that rely on foreign goods. Many have had to choose whether to absorb the duties, cut other costs or pass on the expenses to consumers. By Monday morning, those companies can begin to submit documentation to the government to recover what they paid in illegal tariffs.
In a sign of the demand, more than 3,000 businesses, including FedEx and Costco, have already sued the Trump administration in a bid to secure their refunds, with some cases filed even before the Supreme Court's ruling. But only the entities that officially paid the tariffs are eligible to recover that money. That means that the fuller universe of people affected by Mr. Trump's policies -- including millions of Americans who paid higher prices for the products they bought -- are not able to apply for direct relief.
The extent to which consumers realize any gain hinges on whether businesses share the proceeds, something that few have publicly committed to do. Some have started to band together in class-action lawsuits in the hopes of receiving a payout. Many business owners said they weren't sure how easy the tariff refund process would be, particularly given Mr. Trump's stated opposition to returning the money. The administration has suggested that it may be months before companies see any money. Adding to the uncertainty, the White House has declined to say if it might still try to return to court in a bid to halt some or all of the refunds. The money will mostly go to importers and companies, since they were the ones that directly paid the tariffs. While individual refunds with interest could take around 60 to 90 days to process, the overall effort will probably move much more slowly because of how large and complicated it will be.
There are also legal questions around whether companies would have to pass any of that money on to consumers. Slashdot reader AmiMoJo commented: "This is perhaps the biggest transfer of wealth in American history. Most of those companies will just pocket the refund and not pass any of it on to the consumer. If prices go down at all, they won't be back to pre-tariff levels. You paid the tariffs, but you ain't getting the refund."
In a sign of the demand, more than 3,000 businesses, including FedEx and Costco, have already sued the Trump administration in a bid to secure their refunds, with some cases filed even before the Supreme Court's ruling. But only the entities that officially paid the tariffs are eligible to recover that money. That means that the fuller universe of people affected by Mr. Trump's policies -- including millions of Americans who paid higher prices for the products they bought -- are not able to apply for direct relief.
The extent to which consumers realize any gain hinges on whether businesses share the proceeds, something that few have publicly committed to do. Some have started to band together in class-action lawsuits in the hopes of receiving a payout. Many business owners said they weren't sure how easy the tariff refund process would be, particularly given Mr. Trump's stated opposition to returning the money. The administration has suggested that it may be months before companies see any money. Adding to the uncertainty, the White House has declined to say if it might still try to return to court in a bid to halt some or all of the refunds. The money will mostly go to importers and companies, since they were the ones that directly paid the tariffs. While individual refunds with interest could take around 60 to 90 days to process, the overall effort will probably move much more slowly because of how large and complicated it will be.
There are also legal questions around whether companies would have to pass any of that money on to consumers. Slashdot reader AmiMoJo commented: "This is perhaps the biggest transfer of wealth in American history. Most of those companies will just pocket the refund and not pass any of it on to the consumer. If prices go down at all, they won't be back to pre-tariff levels. You paid the tariffs, but you ain't getting the refund."
Read more of this story at Slashdot.
President’s spokesperson announces Chavez-DeRemer, investigated over misconduct allegations, leaving for private sector job
Donald Trump’s labor secretary Lori Chavez-DeRemer is stepping down, the administration announced Monday.
“Labor Secretary Lori Chavez-DeRemer will be leaving the Administration to take a position in the private sector,” Trump spokesperson Steven Cheung wrote on social media. “She has done a phenomenal job in her role by protecting American workers, enacting fair labor practices, and helping Americans gain additional skills to improve their lives.”
Continue reading...Slowly but surely, West Ham are edging their way to safety. While this battling draw against a Crystal Palace side with their minds elsewhere proved terminal to his former club Wolves as it confirmed their relegation, Nuno Espírito Santo had to be satisfied with a point after Brennan Johnson missed the best chance to boost his former employers Tottenham.
Palace, who have now been involved in eight stalemates this season, were indebted to captain Dean Henderson for producing the save of the night to deny Konstantinos Mavropanos just before half-time, although West Ham struggled to create much else. Nuno will be disappointed not to have stretched their advantage over Tottenham to four points, although their fate remains very much in their hands with David Moyes’s Everton next up on Saturday.
Continue reading...Cook, who will assume the role of executive chair, will be succeeded by John Ternus as CEO on 1 September
Apple announced on Monday that it had named a replacement for Tim Cook as CEO, with head of hardware engineering John Ternus succeeding him on 1 September. Cook will stay at the company in the role of executive chair.
“It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company. I love Apple with all of my being,” Cook said in a press release.
Continue reading...Official involved in deal tells El Reg number doesn't paint entire picture of datacenter's economic benefit
When Rockland County, New York, approved nearly $77 million in tax breaks for JPMorgan Chase's datacenter expansion in 2024, no one showed up to object. Two years and a whole lot of bit barns in the news cycle later, government watchdogs are calling foul over the project's lone permanent job.…
LOOSDRECHT (ANP) - De politie heeft maandagavond het gebied rond het gemeentehuis in het Noord-Hollandse dorp Loosdrecht ontruimd. Dat gebeurde tijdens een anti-azc-demonstratie. Dat bevestigt de gemeente, die spreekt van een grimmig einde. Eerder hadden de gemeente en politie nog aangekondigd "niet te zullen tolereren dat personen de demonstratie aangrijpen om strafbare feiten te plegen of ernstige wanordelijkheden te organiseren".
Op het hoogtepunt zouden er naar schatting zo'n vijfhonderd mensen aanwezig zijn geweest bij de demonstratie. De gemeente spreekt van een vreedzame sfeer die langzaam grimmiger werd. Demonstranten gooiden met eieren en vuurwerk.
Volgens de gemeente heeft burgemeester Mark Verheijen de demonstratie laten beëindigen nadat demonstranten "zwaar illegaal vuurwerk op agenten richtten". Daarna ontruimde de mobiele eenheid het gebied rond het gemeentehuis. Er stonden toen nog tussen de tweehonderd en driehonderd mensen.
Rond 22.00 uur was het volgens de gemeente weer rustig.
