Why Tariff Refunds Are Complicated
After the Supreme Court said “No” to the IEEPA tariffs collected by the Trump Administration, firms lined up to collect their refunds. Seemingly simple, the two words–tariff refunds–take us to fractal mathematician Benoit Mandelbrot and the length of the British coastline. From a distance, it appears to be a smooth curve. However, an increasingly closer look reveals countless coves, crannies, and indents that make it much longer ….[READ]
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