Ouch, Tariffs out!

The Supreme Court cast aside the bulk of President Trump’s sweeping tariffs Friday, obliterating a canon of his economic strategy in ruling that his use of an emergency statute to remake global trade was unlawful.

The decision invalidates what the Trump administration called the president’s most significant economic and foreign policy initiative of his second term, a result Trump has warned could foist financial ruin upon the United States.

 
Cypress said:
The president of the United States has always had statutory authority to implement limited emergency tarrifs. Trump was trying to implement unprecedented, open ended, global tariffs for which he had no congressional authority.

SCOTUS is saying Trump has to go back to playing by the rules other presidents have played by.
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NO KINGS!
 
Dutch Uncle said:
Derp derp.

SCOTUS rules 6-3

www.scotusblog.com

Supreme Court strikes down tariffs

In a major ruling on presidential power, the Supreme Court on Friday struck down the sweeping tariffs that President Donald Trump imposed in a series of executive orders. By a […]
www.scotusblog.com www.scotusblog.com
In a major ruling on presidential power, the Supreme Court on Friday struck down the sweeping tariffs that President Donald Trump imposed in a series of executive orders. By a vote of 6-3, the justices ruled that the tariffs exceed the powers given to the president by Congress under a 1977 law providing him the authority to regulate commerce during national emergencies created by foreign threats.

The court did not weigh in, however, on whether or how the federal government should provide refunds to the importers who have paid the tariffs, estimated in 2025 at more than $200 billion.
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Nays were Thomas, Alito and Kavanaugh. I'm surprised it wasn't Gorsuch instead of Kavanaugh.
 
LOL I knew Veruca would be the first to trip over herself to be the first to post.

He has other tools in his toolbox to impost tariffs. You might want to slow down your premature ejaculation
 
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Based on recent analyses (e.g., CRS reports, Tax Foundation, Wikipedia), exact percentages vary by metric (e.g., value vs. number of actions), but roughly:

- ~70% of new tariff value under IEEPA (broad 10% universal + country-specific like 25-35% on Canada/Mexico, up to 30% on China).

- ~20% under Section 232 (sector-specific: 50% on steel/aluminum/copper, 25% on autos/parts).

- ~10% under Section 301 (continued China tariffs; no major new actions).

IEEPA ones were struck down today. Sources: CRS R48549, Tax Foundation.
 
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Based on post-ruling analyses (e.g., Cato, PIIE, Bloomberg, Tax Foundation), roughly 60-75% of IEEPA tariffs could potentially be reapplied under alternatives like Section 232 (national security, e.g., fentanyl/drug or oil tariffs) or 301 (unfair practices, e.g., China-specific). Reciprocal/blanket ones (~61% of IEEPA revenue) face limits (e.g., caps, procedures), so not all directly transferable. Exact % depends on admin actions.
 
1771608766228.pngThe GOP will go full throttle this election season with racist tropes and attacks against all minorities in this country, including Hiawatha and her crew. We must not let them stop us from voting blue this Nov. We out number whites if we still together all my brown and black people.
 
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