Yes but the sleight of hand here is to just simply say "taxpayer."
The taxpayer that paid the tariff was the consumer. The fact Nintendo actually wrote the check is largely accounting, this was passed on to the consumer.
The taxpayer that receives the refund is Nintendo, straight into their profits.
So the taxpayer paying and the taxpayer receiving are totally different. This is basically like regressive welfare where consumer paid a private but government imposed tax to corporations.
Yeah the Switch 2 (launched after Liberation Day) costs $449 in the US and 49,980 yen (~$316) in Japan. I doubt Nintendo will be lowering the price of the console outside Japan anytime soon.
the lower cost in japan is due to the low performance of the yen and that model is locked to japanese only. theres a second model in japan that is closer to the price in the US that supports all languages.
Not really. The scope of the judgement was universal tariffs weren't allowed for that specific invocation of IEEPA 50 U.S.C. ยงยง 1701
The Trump administration immediately invoked Section 122 for a 10% duty on nonexempt imports and announced expanded Section 232 and 301 investigations.
The taxpayer that paid the tariff was the consumer. The fact Nintendo actually wrote the check is largely accounting, this was passed on to the consumer.
The taxpayer that receives the refund is Nintendo, straight into their profits.
So the taxpayer paying and the taxpayer receiving are totally different. This is basically like regressive welfare where consumer paid a private but government imposed tax to corporations.