Tariff ruling.

[pknopp]

Then why isn’t inflation going through the roof?

For the average every day consumer, it is.

 

[JoeB131]

Sure, let’s go with that. Then it is just a matter of whether or not you agree with the policy.

Tariffs clearly aren’t hurting us, ergo, they are helping with more revenue some of it being paid by foreign exporters and manufacturers.

Loan forgiveness is a handout that all of us pay for. Getting student loans is an economic decision. If you don’t think the debt to income ratio is going to be advantageous, you don’t take out the loan. Simple.

Um, tariffs are hurting us.

Every day, I get to hear from our sales guys about how they are making no profit on jobs they quoted a year ago that now have 50% more overhead on components because of Tariffs.

Which means we either have to take the hit or go back to our customers and say the job we promised would cost X now costs Y.

 

[SweetTea]

For the average every day consumer, it is.

CPI is 3.3% and most of that is due to the Iran conflict and the subsequent rise in gas, not tariffs, as evidenced by the lower CPI numbers prior to the conflict.

Core inflation is 2.6%, under control by every measure.

Tariffs aren’t causing a significant rise in inflation, CPI nor core.

 

[Hafar1014]

Tariffs aren't paid by foreign exporters, they are paid by US importers and those costs are passed along to consumers. That means the import tax is paid by US tax payers.

WW

Consumers dont pay tariffs we dont have to buy and prices drop. Inflation hasnt gone up in fact Tariffs drop many prices as demand drops. Tariffs are paid by sellers and manufacturers because the must sell or go broke.

 

[JoeB131]

CPI is 3.3% and most of that is due to the Iran conflict and the subsequent rise in gas, not tariffs, as evidenced by the lower CPI numbers prior to the conflict.

Core inflation is 2.6%, under control by every measure.

Tariffs aren’t causing a significant rise in inflation, CPI nor core.

Yes, and we can totally trust figures comign from Trump's cronies after he fired the last lady who told him something he didn't want to hear.

Just break out the Sharpies.

 

[pknopp]

CPI is 3.3% and most of that is due to the Iran conflict and the subsequent rise in gas, not tariffs, as evidenced by the lower CPI numbers prior to the conflict.

Core inflation is 2.6%, under control by every measure.

Tariffs aren’t causing a significant rise in inflation, CPI nor core.

Tariffs were 100% Trump's total inability to negotiate deals.

 

[JoeB131]

Consumers dont pay tariffs we dont have to buy and prices drop. Inflation hasnt gone up in fact Tariffs drop many prices as demand drops. Tariffs are paid by sellers and manufacturers because the must sell or go broke.

Um, declining demand isn't a good thing.

If someone is putting off buying a new car or a new system for their factory because tariffs have made them too expensive, this isn't a good thing.

Come on, you people are supposed to be good with money!

 

[SweetTea]

Um, tariffs are hurting us.

Every day, I get to hear from our sales guys about how they are making no profit on jobs they quoted a year ago that now have 50% more overhead on components because of Tariffs.

Which means we either have to take the hit or go back to our customers and say the job we promised would cost X now costs Y.

And yet US companies experienced a 9.2% revenue growth in the last earnings season. Something isn’t adding up is it? You are being fed a load of fake news. That is the problem.

Investors Focus Attention on Corporate Earnings | U.S. Bank

 

[Care4all]

The ruling only applied to the law he used. There are many other ways to levy a tariff

The tariffs he levied right after the smack down by the Supreme Court are ALSO unconstitutional and will be ruled as such.....

He's making a bloody mess by ignoring the SC ruling and Constitution....he's a man of repeated lawlessness.

 

[Care4all]

Sure, let’s go with that. Then it is just a matter of whether or not you agree with the policy.

Tariffs clearly aren’t hurting us, ergo, they are helping with more revenue some of it being paid by foreign exporters and manufacturers.

Loan forgiveness is a handout that all of us pay for. Getting student loans is an economic decision. If you don’t think the debt to income ratio is going to be advantageous, you don’t take out the loan. Simple.

It is unconstitutional for the president to lay taxes which includes tariffs....without Congress voting on them.

Tariffs = taxing Americans.

 

[Hafar1014]

It is unconstitutional for the president to lay taxes which includes tariffs....without Congress voting on them.

Not true the president does have that power

 

[pknopp]

Not true the president does have that power

That's what was said about the Tariffs the Supreme Court over turned.

 

[SweetTea]

It is unconstitutional for the president to lay taxes which includes tariffs....without Congress voting on them.

Tariffs = taxing Americans.

Nope..tariffs are not taxing Americans. If so, our CPI and core inflation numbers would reflect that. They don’t.

 

[Hafar1014]

That's what was said about the Tariffs the Supreme Court over turned.

The SC ruled only on the law he used which was emergency powers not tariffs. Its a very narrow ruling

 

[pknopp]

The SC ruled only on the law he used which was emergency powers not tariffs. Its a very narrow ruling

That's what they ruled on. Your reply does nothing to dispute my point.

 

[Hafar1014]

That's what they ruled on. Your reply does nothing to dispute my point.

Thats because you dont understand the ruling.
While the U.S. Constitution grants Congress sole authority to lay tariffs (Article I, Section 8), Congress has delegated significant, specific tariff-setting powers to the President through various statutes. Presidents use these delegated authorities—such as for national security or unfair trade practices—to impose tariffs without immediate congressional approval.
View attachment 1249301Tax Foundation +2
Key Delegated Authorities:

• Section 232 (Trade Expansion Act of 1962): Allows the president to adjust tariffs if imports threaten national security.
  Tax Foundation +1
• Section 301 (Trade Act of 1974): Permits actions, including tariffs, to address unfair or discriminatory foreign trade practices.
  Tax Foundation
• Section 201 (Trade Act of 1974): Allows temporary tariffs ("safeguards") if a surge in imports causes serious injury to a domestic industry.
  Tax Foundation +2
• International Emergency Economic Powers Act (IEEPA): While controversial for this use, some argue it permits tariffs to regulate imports during declared nationa

 

[Care4all]

Not true the president does have that power

No he doesn't....

Unless it is specifically noted by Congress through legislation under the specific conditions Congress sets.

That is why his last set of tariffs that he has to RETURN to the American Importers, were deemed UNCONSTITUTIONAL by the Supreme Court....

The same will happen on this new set he is illegally and unconstitutionally defiantly trying to use now.

No TAXATION WITHOUT REPRESENTATION.

 

[rightwinger]

Then why isn’t inflation going through the roof?

$4.25 a gallon gas

 

[berg80]

Harkens back to the days Obama lost billions on GM.

The U.S. government ended up losing $10.5 billion on the General Motors bailout, but it says the alternative would have been far worse.

The Treasury Department sold its final shares of the Detroit auto giant on Monday, recovering $39 billion of the $49.5 billion it spent to save the dying automaker at the height of the financial crisis five years ago.

Without the bailout, the country would have lost more than 1 million jobs, and the economy could have slipped from recession into a depression, Treasury Secretary Jacob Lew said on a conference call with reporters.

Government sells the last of its GM stake: Treasury

The US government ended up losing $10.5 billion on the General Motors bailout, but it says the alternative would have been far worse.

www.cnbc.com

Under the circumstances it was money worth spending to keep the country from falling in to economic collapse.

BTW, Bush initiated the first auto company bailout. Obama kept them out of bankruptcy.

Bush announces $17.4 billion auto bailout​

President George W. Bush stepped in Friday to keep America’s auto industry afloat, announcing a $17.4 billion bailout for GM and Chrysler, with the terms of the loans requiring that the firms radically restructure and show they can become profitable soon.

“If we were to allow the free market to take its course now, it would almost certainly lead to disorderly bankruptcy,” Bush said at the White House, in remarks carried live by the national broadcast networks. “In the midst of a financial crisis and a recession, allowing the U.S. auto industry to collapse is not a responsible course of action. The question is how we can best give it a chance to succeed.”

Bush said that “bankruptcy now would lead to a disorderly liquidation of American auto companies.”

“My economic advisers believe that such a collapse would deal an unacceptably painful blow to hardworking Americans far beyond the auto industry. It would worsen a weak job market and exacerbate the financial crisis,” he said. “It could send our suffering economy into a deeper and longer recession.”

Bush announces $17.4 billion auto bailout

The terms of the loans require that the firms radically restructure and show they can become profitable soon.

www.politico.com

 

[Hafar1014]

No he doesn't....

Unless it is specifically noted by Congress through legislation under the specific conditions Congress sets.

That is why his last set of tariffs that he has to RETURN to the American Importers, were deemed UNCONSTITUTIONAL by the Supreme Court....

The same will happen on this new set he is illegally and unconstitutionally defiantly trying to use now.

No TAXATION WITHOUT REPRESENTATION.

While the U.S. Constitution grants Congress sole authority to lay tariffs (Article I, Section 8), Congress has delegated significant, specific tariff-setting powers to the President through various statutes. Presidents use these delegated authorities—such as for national security or unfair trade practices—to impose tariffs without immediate congressional approval.
View attachment 1249309Tax Foundation +2
Key Delegated Authorities:

• Section 232 (Trade Expansion Act of 1962): Allows the president to adjust tariffs if imports threaten national security.
  Tax Foundation +1
• Section 301 (Trade Act of 1974): Permits actions, including tariffs, to address unfair or discriminatory foreign trade practices.
  Tax Foundation
• Section 201 (Trade Act of 1974): Allows temporary tariffs ("safeguards") if a surge in imports causes serious injury to a domestic industry.
  View attachment 1249308Tax Foundation +2
• International Emergency Economic Powers Act (IEEPA): While controversial for this use, some argue it permits tariffs to regulate imports during declared nationa

$4.25 a gallon gas

Short term caused by the war. Who cares a nuclear bomb will not go off in Wash DC now