America At the Crossroads Economically with the Tariffs Case Heard Today by SCOTUS

[Cougarbear]

There’s no national security emergency that justifies his use of broad tariffs on everyone including our closest allies.

National emergency is the wording. The unfair trade by just about every country around the world caused a financial emergency to make changes. That's in the law.

 

[Marener]

National emergency is the wording. The unfair trade by just about every country around the world caused a financial emergency to make changes. That's in the law.

Is it in the law? Let’s see it.

 

[Cougarbear]

Is it in the law? Let’s see it.

I posted it already with the law's reference. "Allowing tariffs if imports threaten national security, and Section 301 of the Trade Act of 1974, which permits action against unfair foreign trade practices."

 

[my2¢]

It seems to me that Trump overstepped his taxation authority, but I wouldn't wager one way or other on how the court will see it.

 

[hjmick]

They be lying if they claim such....

Trump and his lawyers lying?!

You must be wrong!

 

[Rawley]

You can’t even finish a sentence, so go **** yourself, troll.

Again, that brilliant legal analysis. Just brilliant.

 

[Rawley]

It seems to me that Trump overstepped his taxation authority, but I wouldn't wager one way or other on how the court will see it.

So did Biden, so did Obama, so did Bush, Clinton .....

 

[Marener]

I posted it already with the law's reference. "Allowing tariffs if imports threaten national security, and Section 301 of the Trade Act of 1974, which permits action against unfair foreign trade practices."

Trump is claiming authority under IEEPA which is a different law.

I haven’t heard of 301 committee investigations had produced a report on literally every country in the world.

 

[Marener]

Again, that brilliant legal analysis. Just brilliant.

I don’t waste brilliance on trolls like you.

 

[LeftofLeft]

Why waste brilliance on the terminally dim?

You guys are intellectual black holes.

This coming from the side that supported the policy of mandating price ceilings and taxes on unrealized capital gains as a means to improve the economy. Kamala!

 

[Rawley]

I don’t waste brilliance on trolls like you.

******* brilliant. Stop it already, you've crushed us.

 

[Crepitus]

You have the economic understanding of a retarded lemming.

That's rich, coming from a bloody gnat-brained tRumpling.

 

[excalibur]

The trade situation is pretty basic: we must have tariffs.

Without tariffs, we have entered an insane trading situation where we buy everything from overseas while locked out of their markets. We are pure consumers. This has cost the USA trillions of dollars while enabling the wealth for the rest of the world.

With tariffs, we level the trading field. This opens up huge manufacturing and job opportunities, ITMT, we collect huge tariffs on companies still making stuff outside the USA to offset that lost through lack of direct sales.

Yeah, President Trump has garnered some $15 trillion in investment in the USA because f his muscular use of the laws enacted by Congress.

But experts think SCOTUS will disallow this, Alan Dershowitz among them.

However, President Trump has other statutory law he can use to the same ends.

Imagine dealing with Xi and having to say he will ask Congress to impose tariffs? Xi will laugh. The Senate hasn't been able to pass the House passed CR in a month now.

 

[Crepitus]

You're an idiot. Admit it. $17 trillion dollars so far coming in is going to cause the economy to collapse? Please explain why or shut up.

It won't come. It didn't last time, it won't this time. tRump is a terrible negotiator. Just tell him what he wants to hear and then keep doing whatever you want. He literally doesn't care as long as he gets to claim victory for a minute.

 

[Crepitus]

Yeah, President Trump has garnered some $15 trillion in investment in the USA because f his muscular use of the laws enacted by Congress.

But experts think SCOTUS will disallow this, Alan Dershowitz among them.

However, President Trump has other statutory law he can use to the same ends.

Imagine dealing with Xi and having to say he will ask Congress to impose tariffs? Xi will laugh. The Senate hasn't been able to pass the House passed CR in a month now.

Well yeah, but to be fair it's only because it's illegal.

 

[Marener]

This coming from the side that supported the policy of mandating price ceilings and taxes on unrealized capital gains as a means to improve the economy. Kamala!

There’s a very strong intellectual case for taxing unrealized capital gains. Only taxing realized gains has a significant distortionary effect on ownership of equities that is suboptimal.

Anything that incentivizes economic decisions solely to reduce tax liability is inefficient.

 

[Cougarbear]

Trump is claiming authority under IEEPA which is a different law.

I haven’t heard of 301 committee investigations had produced a report on literally every country in the world.

"IEEPA allows the president to freeze assets, block transactions, and impose sanctions or tariffs in response to foreign threats to national security, foreign policy, or the economy."

It's not just national security. It also includes threats by foreign policies and our bad economy. Seems like he then has a strong case. The Supreme Court justices always ask tough question (except for Jackson the dunce).

 

[Marener]

******* brilliant. Stop it already, you've crushed us.

The whole point of your existence is to waste other people’s time.

 

[Cougarbear]

It won't come. It didn't last time, it won't this time. tRump is a terrible negotiator. Just tell him what he wants to hear and then keep doing whatever you want. He literally doesn't care as long as he gets to claim victory for a minute.

He's already done the negotiations! Companies are already here building plants and other things for the purpose of doing business here in the U.S. rather than in other countries.

 

[Rawley]

The whole point of your existence is to waste other people’s time.

Stop it. We surrender.