Trade Wars and Tariffs

[utvolpj]

Gorsuch and ACB are Dems?

Trump couldn't name all 9

 

[Delmar]

Trump says the “Democratic” Supreme Court justices are a disgrace to our country.

What about Coney Barrett, Gorsuch and Roberts? Didn’t think they are Dem supporters.

He’s doing what I expected. Pushing his personal opinion and agenda with no basis whatsoever. Extolling the virtues of Thomas, Alitto and Kavanaugh who basically ignored the law of the land to continue to hump Trump’s leg. Hanging his hat on Kavanaugh’s comment that the decision “might” not impact the ability to impose tariffs. What scares me is that he may do things that are even more stupid and reactionary. Watch for it.

 

[Thunder Good-Oil]

Imposing new tariffs TODAY. They were ready for the ruling and this is simply PR.

 

[MontyPython]

Trump says he is imposing a 10% across the board tariff under Section 122 of the Trade Act of 1974. The provision empowers the president to address “large and serious” balance-of-payments deficits through import surcharges of up to 15 percent, import quotas, or some combination of the two.

 

[MontyPython]

As Stan Veuger of the American Enterprise Institute and I explained in December in Foreign Policy, the administration could replicate most of the IEEPA tariff structure through Section 122 in short order. Countries currently facing rates above 15 percent would see some reduction, but for every other country, the hit would be nearly identical. And crucially, Section 122 doesn’t require the lengthy investigations that other trade statutes demand. The president could act fast.

But there’s a catch: Section 122 tariffs expire after 150 days unless Congress votes to extend them. How much of a constraint this is, however, remains to be seen. If Congress declines to act, the administration could, at least in theory, allow the tariffs to lapse, declare a new balance-of-payments emergency, and restart the clock. The maneuver would raise serious separation-of-powers concerns, but nothing in the statute clearly forbids it.

 

[Go aeiou]

narnarcissitic about Coney Barrett, Gorsuch and Roberts? Didn’t think they are Dem supporters.

He’s doing what I expected. Pushing his personal opinion and agenda with no basis whatsoever. Extolling the virtues of Thomas, Alitto and Kavanaugh who basically ignored the law of the land to continue to hump Trump’s leg. Hanging his hat on Kavanaugh’s comment that the decision “might” not impact the ability to impose tariffs. What scares me is that he may do things that are even more stupid and reactionary. Watch for it.

Senile/mentally challenged, narcissistic, childish....

 

[Delmar]

Imposing new tariffs TODAY. They were ready for the ruling and this is simply PR.

Disagree. He’s big mad and I don’t think he expected his loaded court to rule against him. He is now reacting and we’ll have to wait and see if the new tariffs hold water. That may take another year.

 

[NorthDallas40]

Imposing new tariffs TODAY. They were ready for the ruling and this is simply PR.

I’m sure the penguins of Heard and McDonald Islands are happy their tarriffs will only be at 10% now

 

[MontyPython]

Pence calls tariff decision ‘a victory for the American people’

Former Vice President Mike Pence, who served during Trump’s first term, called the Supreme Court’s decision “a Victory for the American People.”

Pence said the Constitution gave Congress and not the president the power to tax.

 

[NorthDallas40]

Each lawsuit related to tariffs from this day going forward that gets challenged will be auto slapped down and on hold as any appeals work thru the courts. Because as of today this ruling is the guiding precedent.

 

[DinkinFlicka]

Imposing new tariffs TODAY. They were ready for the ruling and this is simply PR.

Yeah because a "10% global" move is perfectly reasonable and well thought out.

 

[Thunder Good-Oil]

Yeah because a "10% global" move is perfectly reasonable and well thought out.

Isn’t that what it’s already been? They thought out how to replace what the court “legislates” away.

 

[DinkinFlicka]

TGO, we are all here and ready with open arms for you to do what is clearly difficult and say the magic words I have prophesied for months.

"You know what? I was wrong."

No one realistically expects their guy to be right all the time.

 

[Thunder Good-Oil]

I’m sure the penguins of Heard and McDonald Islands are happy their tarriffs will only be at 10% now

Would it be funnier if the policy had them on a separate line?

 

[DinkinFlicka]

Isn’t that what it’s already been? They thought out how to replace what the court “legislates” away.

Unreal.

No. 10% has been far from the going rate to all countries. He overreacched, and the SCOTUS ruled in favor of checking that. It's plain, simple, and easy to read.

 

[lawgator1]

On social media, the left is all giddy over the USSC ruling and liberal media is stoking it.....another fail incoming for the left

Sure, and this has been talked about at length. There are other ways to do this.

I don't think, however, that he can retroactively reach back and "check the right box" and have the Treasury keep the money. Not that he won't try.

 

[Thunder Good-Oil]

TGO, we are all here and ready with open arms for you to do what is clearly difficult and say the magic words I have prophesied for months.

"You know what? I was wrong."

No one realistically expects their guy to be right all the time.

I’m sure that by saying that his detractors would give him a pass.

So what’s the point?

 

[NorthDallas40]

Would it be funnier if the policy had them on a separate line?

Oh I think levying tariffs on an uninhabited island chain is its own level of incompetence hilarity in its own category

 

[BeardedVol]

"They’re very unpatriotic and disloyal to our Constitution. It’s my opinion that the court has been swayed by foreign interests and a political movement that is far smaller than people would ever think."

https://kfor.com/hill-politics/trump-calls-supreme-court-justices-who-ruled-against-tariffs-disloyal/

 

[Thunder Good-Oil]

Unreal.

No. 10% has been far from the going rate to all countries. He overreacched, and the SCOTUS ruled in favor of checking that. It's plain, simple, and easy to read.

I thought that 10% was generally the base. Then some (many) get adjusted higher and some might even get a reduction.

 

[DinkinFlicka]

I’m sure that by saying that his detractors would give him a pass.

So what’s the point?

Oh, you misunderstood. I was referring to you.

I've theorized for a while now that the modern American voter goes all in on the horse they bet on, regardless of whether or not he/she makes massive errors in judgment, makes a blunder, or otherwise pursues poor avenues of reasoning. The person who voted for them will carry water from the ocean floor these days.

I believe that your typical Trump supporter faces their most odious task in simply admitting the big guy ****s up when he does indeed, **** up. It's an extension of admitting they themselves were wrong.

 

[lawgator1]

Each lawsuit related to tariffs from this day going forward that gets challenged will be auto slapped down and on hold as any appeals work thru the courts. Because as of today this ruling is the guiding precedent.

In the end, it matters more for show than anything else because it is a rebuke of the whirlwind, traditional-approach-to-things-be-damned Trumpian dystopia that we've seen since day 1.

Think about it.

Has to roll back ICE a bit.
Tariffs struck down as basically overreach.
Judges constantly calling the administration for drawing up big plans on the back of a napkin.

Our society, our laws, our economy -- all of it is complicated and interdependent. And despite this being Trump's second go (one could argue indeed because it is his second go) he just announces "this is the way it is" without understanding whether a) he can do it in the first place; and b) will it actually in the long run have the net effect I want to achieve?

In our system of government, economy, and our culture, how you do things often matters just as much as what you do. He has yet to grasp that.

 

[Thunder Good-Oil]

Oh I think levying tariffs on an uninhabited island chain is its own level of incompetence hilarity in its own category

They aren’t territories? Wouldn’t there be a potential loophole created by excluding them?

What’s the harm of leaving them on the list of 200 or 300 countries and territories? Nobody is flying and sailing down there to negotiate with the penguins.

 

[BeardedVol]

In our system of government, economy, and our culture, how you do things often matters just as much as what you do. He has yet to grasp that.

Given his age, the coddled existence that he's enjoyed his entire life, and the fact that he lacks the mental capacity to comprehend complex systems on a high-enough level necessary to understand interdependence, he never will.

 

[BeardedVol]

They aren’t territories? Wouldn’t there be a potential loophole created by excluding them?

What’s the harm of leaving them on the list of 200 or 300 countries and territories? Nobody is flying and sailing down there to negotiate with the penguins.

That's some really bizarre fearmongering, considering that there are only 195 countries on the planet, and only a handful of land that is considered "non-sovereign" territory.