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Trump’s State of the Union address marked by soaring costs, a sputtering economy, and a president’s broken promises.
“When you look at the president’s first term, the economy was his super power,” said Lindsay Owens, executive director of the Groundwork Collaborative, a left-leaning think tank. “That has just completely reversed in this second Trump administration.”
“It doesn’t appear that the Trump administration is going to expedite that process,” said Alex Jacquez, chief of policy and advocacy at the progressive Groundwork Collaborative. “The mechanics of getting that money back to consumers is even more complicated.”
Alex Jacquez, chief of policy and advocacy at Groundwork Collective, a progressive economic think tank, said that businesses have filed more than 1,000 claims for tariff refunds with the Court of International Trade. He expects that number to soar following Friday's high court ruling.
Alex Jacquez, chief of policy and advocacy at the liberal think tank Groundwork Collective, told the BBC's media partner CBS that more than 1,000 businesses had already asked for tariff refunds before the ruling.
"Any consumer looking for relief from tariff-driven price hikes did not find it at the Supreme Court today," Alex Jacquez, chief of policy and advocacy at Groundwork Collective, a progressive think tank focused on economic issues, said in a statement on Friday.
In fact, some businesses “have already said they will raise prices this year because of tariffs paid last year,” said Alex Jacquez, chief of policy & advocacy at the Groundwork Collaborative, a progressive think tank.
“We became very interested in how specifically a tax on time translates into both dollars and cents,” said Alex Jacquez, Groundwork Collaborative’s Chief of Policy and Advocacy. Jacquez said the report shows a “vibes-based analysis of the economy” in which “every consumer interaction is just harder than it used to be.”