Tarrif Lawsuit

[Mac1958]

SO why is everything improving now

I'm sure that's what you're being told.

I wouldn't try to convince you of anything.

 

[Hafar1014]

I'm sure that's what you're being told.

I wouldn't try to convince you of anything.

GDP 3.8% DOW record highs wages in creasing gas at record low prices tax cuts to start on Jan 1st rents down so where is the problem

 

[Care4all]

Only 8% of COSTCO sales in the U.S. are Chinese imports....according to A/I.

 

[JohnDB]

costco vs the USG.......yeah that should work out well in their favor

This is what happens when a liberal company pokes the bear......

My local costco is ALWAYS packed no matter what time of day, not even an open spot......crazy

how many people need to stock up on stuff?? It just baffles me they are so busy

Seriously, every time I drive by it's packed regardless of the day of week

The appearance and thought that they always have the best price on goods is what keeps them packed full of customers....kinda like Walmart did for the longest time. Now the bloom is off the rose due to tarrifs.

So it's become an equal playing field of sorts. American goods are equal in price to imported goods. Not half or even a ⅓ of the price anymore.

The ultimate game changer is the slave labor. American workers (albeit low paid) are still earning handsome wages by comparison with the rest of the world.

Most of the industrialized world lived on wages roughly the equivalent of $12,000/yr. (Pre-pandemic)

Americans did okayish on 90k/yr.

Today Americans cannot survive on less than $140,000/yr per household.
Surplus spending has been cut across the board. Banks are hung with those 2% bonds they were strong armed into buying during the pandemic and are now looking at bankruptcy due to the losses. Commercial paper has been losing value too as office buildings sit empty without tenants....(working from home has costs to the banking industry too) and many bonds have not been making payments (delinquency above 60 days has skyrocketed)

The economy is undergoing massive shifts of focus. And it's going to take a while to get plants, equipment, materials and customer bases made.

Derailing that by declaring tarrifs illegal will destroy America as an Economic bulwark force the world. The Shockwave will cripple the planet.

 

[JohnDB]

Only 8% of COSTCO sales in the U.S. are Chinese imports....according to A/I.

AI only knows what it's told. It's not actually true.

The ships reroute the goods to avoid tarrifs. It's a game the manufacturers play well and have played for decades.

Trump handed EVERYONE tarrifs....that's why they are in a lawsuit. There is no avoiding tarrifs. Reading the OP article will explain some of this.

 

[Care4all]

SO why is everything improving now

You've got to be kidding??? Holy Smokes!!! Unemployment is up, hiring is down, inflation is going up, housing at its highest prices, interest rates still high, healthcare coverage going up, vaccination preventative infectious disease at decades high....

Yeah the stock market is up, but it went way up under Obama, under trump 45, under Biden and now under Trump again....so whoopty doo....

AI only knows what it's told. It's not actually true.

The ships reroute the goods to avoid tarrifs. It's a game the manufacturers play well and have played for decades.

Trump handed EVERYONE tarrifs....that's why they are in a lawsuit. There is no avoiding tarrifs. Reading the OP article will explain some of this.

Yeah, I forgot about the Canadian and Mexican new tariffs imposed, who Costco also imports from....and yep, I hadn't read the article yet! Guilty!!!

 

[Billiejeens]

Only 8% of COSTCO sales in the U.S. are Chinese imports....according to A/I.

What does Wiki say?

 

[JohnDB]

You've got to be kidding??? Holy Smokes!!! Unemployment is up, hiring is down, inflation is going up, housing at its highest prices, interest rates still high, healthcare coverage going up, vaccination preventative infectious disease at decades high....

Accustomed of what you have said is not true.
Inflation is actually holding fairly steady and low at the moment.
Yes, unemployment is up. But we really don't know the truth during Biden's years as it STILL has errors in the numbers and ALL claimed gains in employment during his 4 years were erased by updates back last winter....when nobody was really listening.

So currently growth or shrink in employment numbers are somewhat mythical. Nobody uses the Government Economic numbers anymore as they are too political in nature and our Government has been lying for decades. However 9 corporations actually do know the numbers because of their ownership of 80% of all stocks on the stock market.

And you too can know those numbers if you pay enough to know them. And if you understand what they really mean it can be a very profitable expense.

Housing is still up in SOME markets. It's extremely soft in others....and likely going to collapse soon. Between forced deportations and self deportations PLUS high interest rates have made housing soften in most markets. 80% of realtors sold nothing last year. Only 20% earned any commissions. Most houses that sold were under $200k in value and dropping.

Vaccinations and disease?
Immunology is a VERY complicated science. And from what I'm hearing....this adjuvant that EVERY inoculation has added to it so that the dose can decrease, multiple inoculations can be given at the same time, often in the same needle, has been causing harm to literally millions of people for decades. Caused all sorts of mental health issues for millions. (Cell phones only aggravate their problems) Tylenol has been made a scapegoat....but the evidence is shaky at best.

Real science has been replaced with Corporate profits....and often not even the drugmakers themselves are getting the profits. Then manufacturing of drugs has been farmed out to various countries....the consistency, potency, and especially reliability have been sacrificed for expediency and more corporate profits. They have tried to cover themselves with predictable, mechanical and routine testing....it has not worked.

So, currently we don't know what exactly are the issues. (There are clues but real proof has been covered up). People's fears are actually somewhat justified. (Even if the fear mongers have made whopping profits from selling fear)

 

[Edgetho]

If SCOTUS rules against Trump, he can still stop imports. Easily. All he has to do is close the Ports to certain Countries/Goods/ etc.

Plus the fact that he can simply ignore the Hacks in Black. What are they gonna do about it? Throw Paper Clips at him?? Send him a sternly worded letter? Or maybe get the AG to arrest him?

SCOTUS is going to try to find a way around this. Believe it. They really don' twant to bump heads with OMB on this one. They really don't. And they know it. They Will lose if it comes down to a pissing contest.

 

[citygator]

You didnt address to me but it was so full of holes I had to comment.

Accustomed of what you have said is not true.
Inflation is actually holding fairly steady and low at the moment.

It's higher now than it was on average for all of 2024. People not concerned now but who were in 2024 are quite disingenuous.

Yes, unemployment is up. But we really don't know the truth during Biden's years as it STILL has errors in the numbers and ALL claimed gains in employment during his 4 years were erased by updates back last winter....when nobody was really listening.

The same people put out numbers in Trumps first administration and Bidens admin. They are the people gathering the data now with the same methodologies. Your claim on erased gains is 100% untrue. After 4 of the lowest job adds since covid Trump stopped reporting employment. I highlighted job adds last winter in yellow and the lowest job adds in half a decade red under Trump. Click the picture to get to the raw data link.

So currently growth or shrink in employment numbers are somewhat mythical. Nobody uses the Government Economic numbers anymore as they are too political in nature and our Government has been lying for decades. However 9 corporations actually do know the numbers because of their ownership of 80% of all stocks on the stock market.

And you too can know those numbers if you pay enough to know them. And if you understand what they really mean it can be a very profitable expense.

Everyone uses the government numbers. Or did. Any suggestion that is untrue is bonkers. Your post is a misunderstanding of index-fund ownership, not employment.

What’s actually true. Three big asset managers (not nine)—BlackRock, Vanguard, State Street—collectively own ~20–25% of the S&P 500 through index funds. Not 80%. Even then, they don’t “own” the stocks. Millions of individual investors do; the firms just manage the funds.

What’s absolutely NOT true. They do not get secret employment data. They do not have access to nationwide payroll feeds.
They do not have any employment measurement capability that rivals the BLS or IRS. Asset managers buy ETFs. They are not all-knowing labor bureaus.

Housing is still up in SOME markets. It's extremely soft in others....and likely going to collapse soon. Between forced deportations and self deportations PLUS high interest rates have made housing soften in most markets. 80% of realtors sold nothing last year. Only 20% earned any commissions. Most houses that sold were under $200k in value and dropping.

Housing is not collapsing, and deportations won’t crash the market. The weakness in some metros is because of 7–8% mortgage rates, not immigration. Demand is frozen because financing is too expensive — not because millions of buyers vanished overnight. Also concern over a softening economy is slowing interest.

Claims like “80% of realtors sold nothing” and “most houses sold were under $200k” are simply false. NAR’s own data shows the median existing home price is ~$390k, and agents averaged 10–12 transactions each.

Even if immigration dropped sharply, it wouldn’t cause a housing collapse: Almost all of of housing demand comes from U.S.-born households (millennials hitting peak homebuying age), and construction is far below the long-term need.

High rates can cool prices. Immigration does not create a market crash.

Vaccinations and disease?
Immunology is a VERY complicated science. And from what I'm hearing....this adjuvant that EVERY inoculation has added to it so that the dose can decrease, multiple inoculations can be given at the same time, often in the same needle, has been causing harm to literally millions of people for decades. Caused all sorts of mental health issues for millions. (Cell phones only aggravate their problems) Tylenol has been made a scapegoat....but the evidence is shaky at best.

Real science has been replaced with Corporate profits....and often not even the drugmakers themselves are getting the profits. Then manufacturing of drugs has been farmed out to various countries....the consistency, potency, and especially reliability have been sacrificed for expediency and more corporate profits. They have tried to cover themselves with predictable, mechanical and routine testing....it has not worked.

So, currently we don't know what exactly are the issues. (There are clues but real proof has been covered up). People's fears are actually somewhat justified. (Even if the fear mongers have made whopping profits from selling fear)

Anti-vaxers are nuts. Im not going to respond to that nonsense and just wish you idiots well as you die off.

 

[g5000]

Tarrifs are before the SCOTUS.
It's gonna be a doozy.

High stakes poker never was this scary and SCOTUS cases have never been a "gimmee".

But we are at the point that either the nation becomes undone or we endure. Dunno.

From this Mario joker's tweet:

They're central to the administration's claims about economic strength, negotiating leverage with China and other trading partners, and funding priorities without raising income taxes.

Dipshit apparently doesn't get tariffs are a tax on American importers, 97 percent of whom are small businesses.


And then this:

Trump has literally suggested eliminating federal income tax entirely and replacing that revenue with tariff collections.

BWA-HA-HA-HA-HA! Holy shit, that's priceless.

Can you imagine how high tariffs (taxes) would have to be on our American small businesses to equal the amount of income taxes collected each year?

Just how retarded are these people?

Pretty retarded.

Not only that, Trump is already accepting bribes from billionaires to exempt their companies from his tariffs so now the burden is falling almost entirely on small businesses.

But Trump cares about you, Merka! He really does!


Not only would future tariff collections stop, but the government would have to refund every dollar already collected.

Awwwwww... a criminal would have to make restitution. My heart bleeds.


Federal deficits are already at historic highs.

Yay Trump! Yay GOP Congress!



The bond market would freak out. Interest rates would spike.

Human sacrifices, dogs and cats living together, mass hysteria!

.

 

[JohnDB]

You didnt address to me but it was so full of holes I had to comment.


It's higher now than it was on average for all of 2024. People not concerned now but who were in 2024 are quite disingenuous.

View attachment 1189724

The same people put out numbers in Trumps first administration and Bidens admin. They are the people gathering the data now with the same methodologies. Your claim on erased gains is 100% untrue. After 4 of the lowest job adds since covid Trump stopped reporting employment. I highlighted job adds last winter in yellow and the lowest job adds in half a decade red under Trump. Click the picture to get to the raw data link.

View attachment 1189725

Everyone uses the government numbers. Or did. Any suggestion that is untrue is bonkers. Your post is a misunderstanding of index-fund ownership, not employment.

What’s actually true. Three big asset managers (not nine)—BlackRock, Vanguard, State Street—collectively own ~20–25% of the S&P 500 through index funds. Not 80%. Even then, they don’t “own” the stocks. Millions of individual investors do; the firms just manage the funds.

What’s absolutely NOT true. They do not get secret employment data. They do not have access to nationwide payroll feeds.
They do not have any employment measurement capability that rivals the BLS or IRS. Asset managers buy ETFs. They are not all-knowing labor bureaus.

Housing is not collapsing, and deportations won’t crash the market. The weakness in some metros is because of 7–8% mortgage rates, not immigration. Demand is frozen because financing is too expensive — not because millions of buyers vanished overnight. Also concern over a softening economy is slowing interest.

Claims like “80% of realtors sold nothing” and “most houses sold were under $200k” are simply false. NAR’s own data shows the median existing home price is ~$390k, and agents averaged 10–12 transactions each.

Even if immigration dropped sharply, it wouldn’t cause a housing collapse: Almost all of of housing demand comes from U.S.-born households (millennials hitting peak homebuying age), and construction is far below the long-term need.

High rates can cool prices. Immigration does not create a market crash.

Anti-vaxers are nuts. Im not going to respond to that nonsense and just wish you idiots well as you die off.

Considering the source for the sources....

Your "facts" (fudged data so patently phoney) are dismissed with prejudice.

Especially when you don't know the 9. Are you sure you stayed awake in economics class and know the difference between M1, M2, AND M3 money off the top of your head as well as where the main Federal Reserve bank offices are? (Hint: a map won't help)

 

[JohnDB]

From this Mario joker's tweet:

They're central to the administration's claims about economic strength, negotiating leverage with China and other trading partners, and funding priorities without raising income taxes.

Dipshit apparently doesn't get tariffs are a tax on American importers, 97 percent of whom are small businesses.


And then this:

Trump has literally suggested eliminating federal income tax entirely and replacing that revenue with tariff collections.

BWA-HA-HA-HA-HA! Holy shit, that's priceless.

Can you imagine how high tariffs (taxes) would have to be on our American small businesses to equal the amount of income taxes collected each year?

Just how retarded are these people?

Pretty retarded.

Not only that, Trump is already accepting bribes from billionaires to exempt their companies from his tariffs so now the burden is falling almost entirely on small businesses.

But Trump cares about you, Merka! He really does!


Not only would future tariff collections stop, but the government would have to refund every dollar already collected.

Awwwwww... a criminal would have to make restitution. My heart bleeds.


Federal deficits are already at historic highs.

Yay Trump! Yay GOP Congress!



The bond market would freak out. Interest rates would spike.

Human sacrifices, dogs and cats living together, mass hysteria!

.

The part that you danced around and ABSOLUTELY missed....

2 of the three branches of our Government have been somewhat controlled by the World's largest Corporations. Trump is the first to not be so controlled. He is in fact a small time player and rival to them. He's always had his own agenda that happens to align with the majority of voters. Which is why he has such vocal critics. Corporate America owns the MSM.

Taking control and giving it back to the "We the People" of the nation is not going to be easy.

 

[citygator]

Considering the source for the sources....

Your "facts" (fudged data so patently phoney) are dismissed with prejudice.

Especially when you don't know the 9. Are you sure you stayed awake in economics class and know the difference between M1, M2, AND M3 money off the top of your head as well as where the main Federal Reserve bank offices are? (Hint: a map won't help)

I was awake for my BA in Economics from UF and my Masters from UMich. You?

Prove the data is false or be branded a liar.

 

[JohnDB]

I was awake for my BA in Economics from UF and my Masters from UMich. You?

Prove the data is false or be branded a liar.

You don't own a branding iron.

UF degree?
You ARE the drug trade.
Get real, you think that you showing up to class still drunk from the night before qualifies your supposed master's degree?

Yeah.....I'd buy that for a dollar.

 

[citygator]

You don't own a branding iron.

UF degree?
You ARE the drug trade.
Get real, you think that you showing up to class still drunk from the night before qualifies your supposed master's degree?

Yeah.....I'd buy that for a dollar.

No. Completing the required work and passing the required testing qualified me for my master's degree. Thanks for asking.

 

[Marener]

If SCOTUS rules against Trump, he can still stop imports. Easily. All he has to do is close the Ports to certain Countries/Goods/ etc.

Plus the fact that he can simply ignore the Hacks in Black. What are they gonna do about it? Throw Paper Clips at him?? Send him a sternly worded letter? Or maybe get the AG to arrest him?

SCOTUS is going to try to find a way around this. Believe it. They really don' twant to bump heads with OMB on this one. They really don't. And they know it. They Will lose if it comes down to a pissing contest.

This is what it sounds like when you live in a post-Constitutional society.

 

[Yarddog]

Is every nation that is not the USA that uses tarrifs also evil?

No they just had a tarrif imbalance with us mostly .. Trump was trying to use tarrifs to negotiate for better deals..some of which we have seen already.... problem is Democrats dont want that to be successful. They would rather take away the leverage Trump was applying so nations like China who steal our trade secrets and abuse our business people for decades now.....can hold out.... probably you people will succeed... then your Democrats can go back to getting their grift from the CCP when they are back in power. Feel proud of yourself.

 

[JohnDB]

No they just had a tarrif imbalance with us mostly .. Trump was trying to use tarrifs to negotiate for better deals..some of which we have seen already.... problem is Democrats dont want that to be successful. They would rather take away the leverage Trump was applying so nations like China who steal our trade secrets and abuse our business people for decades now.....can hold out.... probably you people will succeed... then your Democrats can go back to getting their grift from the CCP when they are back in power. Feel proud of yourself.

Woah....
I'm not a Democrat.
I'm not a devout party line following republican either.

I'm more A-Political than anything else. I actually believe BOTH sides have good ideas and principles. I pick and choose what I like but in truth neither side really represents what I think are priorities to fix in the USA.

I'm accused by both sides of being the "other party" regularly so don't feel unique. Especially when I was asking someone else a rhetorical question.

But feel free to carry on.

 

[JoeB131]

Trump declared an emergency situation. And we are in one....have been in one for some time, despite the political claims otherwise.

And that's the heart of the situation.

Between the double digit inflation, the economy in a dumpster fire, banks on the verge of bankruptcy we are in a financial mess. So on those facts it's conceivable that the emergency powers are available to Trump to save the Nation. Powell will be fired, the Federal reserve will shift its policies and stability will resume.

That's Trump's side at least.

The Economy wasn't a problem until Spray-Tan Stalin started ******* with it

No, a trade deficit because Americans prefer cheaper, better quality foreign goods is not a crisis.

Instead of an income tax the nation will have a consumption tax or sales tax that is collected on imported goods for a tax base. Manufacturing will come back to the USA....and things will slowly get better.

So instead of making billionaires pay for government, let's shift the burden back onto consumers. Brilliant!!!

Costco is China's pumping of foreign made goods into the USA. They have their own ships and shipping containers. Even some trucking. And Costco is front and center of this battle. Even if a bunch of other corporations are tagging in. For the Corporations it makes financial sense. They invest a little money in legal fees and get back a lot from tarrif refunds. It's worth the gamble for them. They can lose and be out practically nothing.

But if they win they get a huge chunk of money. And the consumers get stiffed for the whole bill losing our government and nation in the process. (There won't be any in the end....broke government and economic collapse of the nation....yes its that serious)

Costco is now the enemy.

Tell me you are in a cult without telling me you are in a cult.

Congress didn't vote for this tax on Costco, so Costco has every right to challenge it.

The problem is, even this SCOTUS, bootlickers that they are, wouldn't want to give the President the ability to unilaterally raise taxes. So this is why they will find in Costco's favor.