The moment of truth on trade

[Mac1958]

Now that the Supreme Court has struck down Trump's Super Exciting & Chaotic Trade Fiasco Teevee Special™, there's a question that's even bigger than whether Amercan employers are going to get refunds for the $180 billion they had to cough up for his tariffs:

I wonder what our former friends and trading partners are thinking. Is the world order ruptured as Canada's Carney has said, or are our former friends ready to trust us again and cozy back up?

I think we'll find out fairly soon if trust is fully broken or not. They've already made some new deals with China, and they won't break those. They're not like us.

Supreme Court ruling on Trump's tariffs puts EU-US trade deal in doubt

 

[Darkwind]

Now that the Supreme Court has struck down Trump's Super Exciting & Chaotic Trade Fiasco Teevee Special™, there's a question that's even bigger than whether Amercan employers are going to get refunds for the $180 billion they had to cough up for his tariffs:

I wonder what our former friends and trading partners are thinking. Is the world order ruptured as Canada's Carney has said, or are our former friends ready to trust us again and cozy back up?

I think we'll find out fairly soon if trust is fully broken or not. They've already made some new deals with China, and they won't break those. They're not like us.

Supreme Court ruling on Trump's tariffs puts EU-US trade deal in doubt

yeah, lets be sure we put greed on the front burner.


BTW, the SCOTUS struck down Trumps us of IEEPA as an authority to enact Tariffs. There are other laws that give him that authority.

Of course, as one commentator I was listening to pointed out. If Trump cannot use Emergency powers to enact taxes (tariffs), then that means that any filthy DSA member who gets into power will not be able to use the emergency act as a means of enacting Maoism.

 

[leftwinger]

Only Board Stain and phony middlers would cheer a setback for the American economy. But, it can be dealt with. At the bare min the Trump regime can "run out the clock" playing the communists games.//

 

[Manonthestreet]

The report notes how the Trump Administration has used some of these authorities to impose or raise tariffs, including 10% or higher tariffs on all imports from most countries as well as separate tariffs on imports from Canada, Mexico, and the People's Republic of China, steel and aluminum, and automobiles and auto parts. It also explains how courts have decided legal challenges to some of these actions and how they might analyze potential future challenges.

Finally, this report considers selected proposals by Members of Congress and others to change the current scope of the President's tariff authorities. While some Members have sought to delegate additional tariff authorities to the President, others view the President's existing authorities as overly expansive and have sought to reassert congressional control over import tariffs by repealing or amending those authorities.

https://www.congress.gov/crs-product/R48435

Doesn't sound as cut and dried as libs are making it out to be

yeah lets not protect American workers......Stupid Trump

 

[berg80]

The U.S. government could owe more than $175 billion in refunds to importers after the Supreme Court ruled Friday in a 6-3 decision that tariffs unilaterally imposed by President Donald Trump are illegal, a new estimate says.

The potential refunds to a broad range of companies would be for tariffs already collected by the government since Trump slapped on the duties without authorization from Congress.

The $175 billion refund estimate from the Penn Wharton Budget Model was produced at the request of the Reuters news wire service. The model is a nonpartisan fiscal research group at the University of Pennsylvania.

Supreme Court Trump tariffs ruling could put U.S. on hook for $175 billion in refunds, estimate says

Supreme Court Justice Brett Kavanaugh, in his dissent, warned that "the refund process" for tariffs "is likely to be a 'mess,'" citing oral arguments

www.cnbc.com

Dotard went to Wharton. What an embarrassment for the school that one of its students doesn't understand the simple concepts behind tariff dynamics.

 

[berg80]

Only Board Stain and phony middlers would cheer a setback for the American economy.

Not a setback.

 

[OhPleaseJustQuit]

Now that the Supreme Court has struck down Trump's Super Exciting & Chaotic Trade Fiasco Teevee Special™, there's a question that's even bigger than whether Amercan employers are going to get refunds for the $180 billion they had to cough up for his tariffs:

I wonder what our former friends and trading partners are thinking. Is the world order ruptured as Canada's Carney has said, or are our former friends ready to trust us again and cozy back up?

I think we'll find out fairly soon if trust is fully broken or not. They've already made some new deals with China, and they won't break those. They're not like us.

Supreme Court ruling on Trump's tariffs puts EU-US trade deal in doubt

.

Plan B.

Gonna be fun!






.

 

[Dante]

Now that the Supreme Court has struck down Trump's Super Exciting & Chaotic Trade Fiasco Teevee Special™, there's a question that's even bigger than whether Amercan employers are going to get refunds for the $180 billion they had to cough up for his tariffs:

I wonder what our former friends and trading partners are thinking. Is the world order ruptured as Canada's Carney has said, or are our former friends ready to trust us again and cozy back up?

I think we'll find out fairly soon if trust is fully broken or not. They've already made some new deals with China, and they won't break those. They're not like us.

Supreme Court ruling on Trump's tariffs puts EU-US trade deal in doubt

"If trust is fully broken or not?"

I believe your ship sailed a while ago. Good luck going forward

 

[SweetTea]

The U.S. government could owe more than $175 billion in refunds to importers after the Supreme Court ruled Friday in a 6-3 decision that tariffs unilaterally imposed by President Donald Trump are illegal, a new estimate says.

The potential refunds to a broad range of companies would be for tariffs already collected by the government since Trump slapped on the duties without authorization from Congress.

The $175 billion refund estimate from the Penn Wharton Budget Model was produced at the request of the Reuters news wire service. The model is a nonpartisan fiscal research group at the University of Pennsylvania.

Supreme Court Trump tariffs ruling could put U.S. on hook for $175 billion in refunds, estimate says

Supreme Court Justice Brett Kavanaugh, in his dissent, warned that "the refund process" for tariffs "is likely to be a 'mess,'" citing oral arguments

www.cnbc.com

Dotard went to Wharton. What an embarrassment for the school that one of its students doesn't understand the simple concepts behind tariff dynamics.

I thought the importers were passing the tarrifs on to the consumers? If that's the case, why are they getting refunds for tariffs that consumers paid? Or maybe the narrative is changing now? You guys are a hoot.

 

[Mac1958]

Not a setback.

Nothing illustrates the Dunning-Kruger Effect more vividly than a Trumpster talking markets & macroeconomics.

Optimize trade agreements? Absolutely. Like a freakin' idiot on crack, Trump-style? No.

This could have been done so differently, and there wouldn't be any question about broken trust.

 

[leftwinger]

We voted for President Trump. Not for Roberts.//

President Donald Trump said Friday he will sign an executive order imposing a new 10% “global tariff,” hours after the Supreme Court struck down his sweeping “reciprocal” import duties in a major rebuke of his trade agenda.

The new tariffs will come on top of the existing levies that remain intact following the high court’s decision, Trump said as he raged at the ruling during a White House press briefing.

He will sign an executive order later Friday imposing the new duties, which are being invoked under Section 122 of the Trade Act of 1974.

Tariffs conjured using that statute can only last for 150 days, with any extension requiring congressional approval.

Asked at the press briefing about that time limit, Trump said, “We have the right to do pretty much what we want to do.”

Trump also declared that all of the tariffs currently active under statutes known as Section 232 and Section 301 will remain “in full force and effect.”

 

[Mac1958]

"If trust is fully broken or not?"

I believe your ship sailed a while ago. Good luck going forward

Well, our former friends found out for sure in just a couple of hours. They probably assumed he'd go around it.

They know not to trust him, or us. Good for them.

 

[Billiejeens]

In his dissenting opinion, Kavanaugh wrote, “Although I firmly disagree with the Court’s holding today, the decision might not substantially constrain a President’s ability to order tariffs going forward. That is because numerous other federal statutes authorize the President to impose tariffs and might justify most (if not all) of the tariffs at issue in this case—albeit perhaps with a few additional procedural steps that IEEPA, as an emergency statute, does not require.”

“Those statutes include, for example, the Trade Expansion Act of 1962 (Section 232); the Trade Act of 1974 (Sections 122, 201, and 301); and the Tariff Act of 1930 (Section 338). In essence, the Court today concludes that the President checked the wrong statutory box by relying on IEEPA rather than another statute to impose these tariffs,” he argued.

 

[jknowgood]

Now that the Supreme Court has struck down Trump's Super Exciting & Chaotic Trade Fiasco Teevee Special™, there's a question that's even bigger than whether Amercan employers are going to get refunds for the $180 billion they had to cough up for his tariffs:

I wonder what our former friends and trading partners are thinking. Is the world order ruptured as Canada's Carney has said, or are our former friends ready to trust us again and cozy back up?

I think we'll find out fairly soon if trust is fully broken or not. They've already made some new deals with China, and they won't break those. They're not like us.

Supreme Court ruling on Trump's tariffs puts EU-US trade deal in doubt

Now other countries can screw us again.

 

[Billiejeens]

Nothing illustrates the Dunning-Kruger Effect more vividly than a Trumpster talking markets & macroeconomics.

Optimize trade agreements? Absolutely. Like a freakin' idiot on crack, Trump-style? No.

This could have been done so differently, and there wouldn't be any question about broken trust.

Oh

Our beloved President has broken your trust

How sad for you.

 

[jknowgood]

The U.S. government could owe more than $175 billion in refunds to importers after the Supreme Court ruled Friday in a 6-3 decision that tariffs unilaterally imposed by President Donald Trump are illegal, a new estimate says.

The potential refunds to a broad range of companies would be for tariffs already collected by the government since Trump slapped on the duties without authorization from Congress.

The $175 billion refund estimate from the Penn Wharton Budget Model was produced at the request of the Reuters news wire service. The model is a nonpartisan fiscal research group at the University of Pennsylvania.

Supreme Court Trump tariffs ruling could put U.S. on hook for $175 billion in refunds, estimate says

Supreme Court Justice Brett Kavanaugh, in his dissent, warned that "the refund process" for tariffs "is likely to be a 'mess,'" citing oral arguments

www.cnbc.com

Dotard went to Wharton. What an embarrassment for the school that one of its students doesn't understand the simple concepts behind tariff dynamics.

Yes, with your tax dollars. You loons are stupid.

 

[Rawley]

Nothing illustrates the Dunning-Kruger Effect more vividly than a Trumpster talking markets & macroeconomics.

I'd say a TDSer talking about ... virtually anything, is a much more vivid illustration.

 

[j-mac]

Now that the Supreme Court has struck down Trump's Super Exciting & Chaotic Trade Fiasco Teevee Special™, there's a question that's even bigger than whether Amercan employers are going to get refunds for the $180 billion they had to cough up for his tariffs:

I wonder what our former friends and trading partners are thinking. Is the world order ruptured as Canada's Carney has said, or are our former friends ready to trust us again and cozy back up?

I think we'll find out fairly soon if trust is fully broken or not. They've already made some new deals with China, and they won't break those. They're not like us.

Supreme Court ruling on Trump's tariffs puts EU-US trade deal in doubt

Aw, it must really suck for you to be American, eh Mac?

 

[Billiejeens]

Aw, it must really suck for you to be American, eh Mac?

Is Mac American?

 

[j-mac]

Is Mac American?

Good question.