OpenAI Anthropic: Be scared we have developed AGI
Also OpenAI Anthropic: our permissions model is dogshit, we just wildcard match strings
They did and they got the tarrifs refunded.
The issue is that with markets nothing is tightly coupled.
Also what happens when the companies are forced to eat part of the tarrif, if the tarrif is 15, but that pushes the prices above the maximum profit point (units sold * per unit profit) then how much tarrif back should the customer get?
All pricing under capitalism is based on uncertainty.
What the market will bare isn’t a known thing.
Side-note: this is why YIMBYs are dumb as fuck when they apply econ101 to rents.
The companies paid the tarrif, they get the refund.
The fact that tariffs allowed some companies to demand more money, is related but not causal, some companies will have had to eat shit because the market wouldn’t bare the increase.
I’d love for the lawsuit to succeed and it set the precedent that when governments issue refunds they can force companies to pass it on to the customer, but I think it’s unlikely.
It’s also complicated by the way pricing works.
If the tarrif is for $15 but the uncertainty allowed a company to increase prices by $20, how much should the customer be refunded?
And what if the tarrif was $15 but the market only allowed a $10 increase and the company ate shit on the other $5?
Now what if none of these numbers are set in stone and all of the numbers are guesswork? Should the government audit all companies that changed their prices?
Is there a meaningful difference?