FWIW, the NY Times now has it as the top story. I guess they take advice from the SDMB.
While congress can certainly set tariff rates, I think that what they cannot do is delegate to Trump the right to set them. So if they passed a tariff law, the rates would be set in stone.
Impeachment is not; it has to be followed by conviction. I wonder whether Mitch McTurtle now wishes he had tried to get a conviction in 2021.
And they’re back again.
If the tariffs do get permanently struck down, Trump will blame the judiciary (and potentially the Supreme Court) for any any future economic turbulence and use it to justify a bigger push for greater executive power.
Well, we’ll just have to burn that bridge if we get to it.
And Biden, of course.
Who is “we”? Importers? If so, I say “You should”. Fat chance of ever seeing a dime.
Given the unpopularity of tariffs, I’m not sure all the Rs would back Trump. They have to face re-election while Trump does not. For now, they can hide behind the idea that the president can do what he wants and they have no power of EOs. Putting them on the record with a vote favoring tariffs might change their thought process (or what passes for one).
Trump has a helluva “truth” screed about the US Court of International Trade and in that vomiting of words, he again says other countries are giving us trillions through tariffs:
Where are these trillions coming from and where are they going? When will the right tire of his constant lying?
I’m not linking to his bullshit “truth”.
Also, if “trillions” have already poured in, shouldn’t the US be debt free in a couple more weeks? I think everyone would be cheering the tariffs if it were remotely true.
Does anyone think that maybe, Trump will appeal this “in two weeks”? In some ways, this is a best-case scenario for him: He gets to claim credit for the rebound, AND also gets to blame the lack of tariffs on those evil courts.
The point isn’t whatever policy oozes through Trump’s brain at any given moment. The point is that Trump does whatever he does unilaterally. Republicans want a dictator. Whatever it is he happens to dictate is irrelevant. If Congress did something for him, that wouldn’t be him dictating, so it’s not what he wants.
That is what I meant by “He might be unlikely to because he it is accepting that he can not do anything he likes”
Tariffs are back on. In two weeks.
Hey Trump, STOP destroying everyones future, OK? My retirement accounts haven’t the first clue what to do and are pretty much a very bouncy happy fun ball.
They where doing quite well with predictable returns. Now, you may as well throw a dart in the dark.
Isn’t this Trumpspeak for “never”?
TACO Time.
Most Trump tariffs are not legal, US appeals court rules
NEW YORK, Aug 29 (Reuters) - A divided U.S. appeals court ruled on Friday that most of Donald Trump’s tariffs are illegal, undercutting the Republican president’s use of the levies as a key international economic policy tool.
The court allowed the tariffs to remain in place through October 14 to give the Trump administration a chance to file an appeal with the U.S. Supreme Court.
Remember that in that scene, Ben Stein was talking about the Smoot-Hawley Tariff Act. (He also talks about the Laffer Curve.)
It’s a 7 - 4 decision from a court with four GOP judges/.
If I understand correctly, two of the four dissenters are Obama appointees. So the Republicans on the court split 2 -2. By itself, this sounds hopeful. But I expect that there will be much more of a partisan split on SCOTUS, and that SCOTUS Republicans are more pro-Trump than those on other courts. So that 7-4 split does not give me a good feeling.
According to the Constitution, “Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises.” Unfortunately, as explained in the decision, there is legal precedent to ignore that.
More judges are in line for bigger shoes and red noses.