Tariff ruling.

[SaxonJackson]

Just released. Trump can not issue tariffs.

Best link I can provide.

Homepage

Independent News & Analysis of the U.S Supreme Court

www.scotusblog.com

Trump recently admitted that he's not concerned that the dollar is losing value. Why should he be concerned when he has $Billions in the bank? It's the working class, taxpaying consumer who should be worried.

"US dollar plunges as Trump admits he's unconcerned with its decline"​

US dollar plunges as Trump admits he's unconcerned with its decline

The dollar fell to $0.83 against the Euro on Tuesday, the lowest it's been since June 2021, after President Donald Trump said that he doesn't care about its continued decline. “No, I think it’s great,” Trump told reporters in Iowa on Tuesday, according to a report by Bloomberg. The president was...

www.rawstory.com

Great for rich investors. Cause for great concern for us peasants. I'm buying as much silver as I can (also goldbacks and silverbacks and a tiny bit of gold when possible). I'm even thinking of jumping into crypto but I'm still a bit concerned about going there. Maybe just a little bit.

 

[Kruska]

The Supreme Court on Friday struck down a huge chunk of President Donald Trump’s far-reaching tariff agenda, in a major rebuke of the president’s key economic policy.

The law that undergirds those import duties “does not authorize the President to impose tariffs,” the majority ruled six to three in a decision Trump had been awaiting.

Chief Justice John Roberts delivered the opinion of the court. Justices Clarence Thomas, Samuel Alito and Brett Kavanaugh dissented.

The ruling was silent on whether tariffs that have been paid under the higher rates will need to be refunded.
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Many of those tariffs were invoked using a novel reading of the International Emergency Economic Powers Act, or IEEPA. They include Trump’s near-global “reciprocal” tariffs, and separate duties related to the alleged trafficking of deadly drugs into the U.S.

IEEPA does not explicitly mention tariffs, and the court ruling Friday said it the law does not grant the president authority to impose tariffs. Instead, it allows the president to “regulate … importation” of foreign property transactions after declaring a national emergency in order to deal with certain “unusual and extraordinary” threats.

Supreme Court strikes down Trump tariffs, rebuking president's signature economic policy

Trump, as recently as Thursday, has talked up the consequences of the Supreme Court striking down his tariffs prior to the seismic ruling.

www.cnbc.com

Personally I have opposed tariffs in general no matter who wanted or did them, so I see this as a win for consumers and small businesses.

So "Liberation Day" is canceled as well?

 

[candycorn]

Sounds like you're making shit up again.

 

[meaner gene]

This is so disappointing, and harmful to the country…

You're absolutely right.
It's like pulling out an arrow, or removing a bullet.
It's dangerous and painful.

And the best solution is stop the people shooting the arrows and bullets.

 

[mudwhistle]

So we see another example of how what you're trying to accomplish might be perfectly reasonable, perfectly fine, but approaching it like a ******* caveman on meth probably isn't a good idea.

Over and over and over.

Will he/they learn? Nope! They sure won't!

Yeah....because you're so much smarter than a ******* self-made billionaire.

 

[Mac1958]

self-made billionaire.

 

[meaner gene]

And the customers who pay the increases in prices?

Not necessarily.
The business paying the tariff can "eat" the tax.
So it gets paid by the owners, or shareholderss, and not the customer.

It's a business decision.

 

[Eman623]

Consumers pay higher prices; not taxes.

Doesn't matter. If importers get relief they should pass that along like they did the higher prices.

 

[mudwhistle]

You're absolutely right.
It's like pulling out an arrow, or removing a bullet.
It's dangerous and painful.

And the best solution is stop the people shooting the arrows and bullets.

Yeah....people like child-traffickers, drug-traffickers, and other criminals you leftists support without a second thought.

 

[Zincwarrior]

Tariffs aren't paid by Americans, thus its not a tax.

Thats an interesting viewpoint that SCOTUS and the CONSTITUTION disagree with.

Also basic math and logic.

 

[candycorn]

Doesn't matter. If importers get relief they should pass that along like they did the higher prices.

It does matter.

 

[candycorn]

Tariffs aren't paid by Americans, thus its not a tax.

 

[Zincwarrior]

It does matter.

SCOTUS agrees.

 

[Eman623]

Tariffs aren't paid by Americans, thus its not a tax.

Tariffs get passed along to consumers. If the importers get relief from tariffs they should pass that along as well.

 

[meaner gene]

Yeah....because you're so much smarter than a ******* self-made billionaire.

He's smarter than the convicted felon.

 

[Dante]

Not necessarily.
The business paying the tariff can "eat" the tax.
So it gets paid by the owners, or shareholderss, and not the customer.

It's a business decision.

Only for a short period of time. Few businesses can survive eating the 'tax" for long.

It's a business decision driven by cost/profits. Many businesses who were in the media who claimed to be "eating" the costs, soon passed some if not all of the costs onto the consumer.

We are a consumer society in a capitalist system. Trump's Tariffs arguments came out of a Dream World where Daddy Knows Best. We're actually starting to pay the price for having had this delusion thrown upon us.

Midterms will show something

 

[Frankenstein]

Because tariffs have been inflationary. Also, the less control Dotard has over the economy the better off we are.

Beats the inflation we had under chuckles Biden

 

[Frankenstein]

And the fuckin' orange circus continues. Fortunately I'm pretty much numb to this now.

Do American companies sue to get their goddamn money back now?

So you love Tariffs imposed on the US, but not when we impose tariffs to make it fair, you are a simp!

 

[mudwhistle]

He's smarter than the convicted felon.

Convicted over what? Document errors?

What was the sentence? Suspended you say?

Why would they suspend a sentence if Trump's such a felon?

 

[Dante]

Yeah....because you're so much smarter than a ******* self-made billionaire.

The Trust Fund Baby of the Lucky Sperm Club? The Phony who has consistently lied and still lies about his wealth, and who cheats people out of payments owed, and had Daddy bail him out on so many occasions?

Trump's new wealth was made not from what he bragged about (developer real estate) but in Branding and that stupid tv show. And lets not forget he and his family and friends FLEECING AMERICA

try reading up on reality