Tarriffs overturned

[Anonymous]

So he is imposing a 10% tariff globally, but he is limited to 150 days, then he is stuck. No more tariffs.
So we pay a 10% tax for 150 days. I’ll just count the days and wait, frankly.

[Anonymous]

Anonymous wrote:No market moves. Tells you how important this is.

Iran is depressing the market

Traders know full out war in the Middle East trumps Trump's nonsense with the tariffs

[Anonymous]

Anonymous wrote:So he is imposing a 10% tariff globally, but he is limited to 150 days, then he is stuck. No more tariffs.
So we pay a 10% tax for 150 days. I’ll just count the days and wait, frankly.

No joke, I'll bet he stops after 150 days, waits 2 days, and then tries to reissue it. Nothing says you can't do them back to back right Clarence? He has the "powers of the Crown" after all.

[Anonymous]

Yay. So are prices going to come down now?

[Anonymous]

Anonymous wrote:No market moves. Tells you how important this is.

The market went from red to green immediately

[Anonymous]

Anonymous wrote:Yay. So are prices going to come down now?

Some of the damage will be permanent

[Anonymous]

From Nobel Prize winning trade economist Paul Krugman:

Trump announced that he would immediately use another little-known legal route — Section 122 — to impose immediate 10 percent tariffs across the board. Section 122 tariffs can only last 150 days, but he claimed that during that stretch he would find ways to use other authorities to maintain high tariffs. And it’s just possible that this will be enough to keep average tariffs and tariff revenue where they would have been if the Supremes had ruled in his favor.

I don’t see, by the way, how such alternatives would obviate the need to refund the tariffs already collected. If you seized money without constitutional authority, finding other revenue sources going forward doesn’t make the original seizure legal.

And even if Trump finds ways to keep tariffing, this is a huge defeat. Why? Because Trump’s invocation of IEEPA wasn’t about average tariff rates, or revenue. It wasn’t even about the trade deficit, which, by the way, hasn’t declined at all since he went on his tariff spree.

No, it was all about arbitrary power.

[Anonymous]

Anonymous wrote:So he is imposing a 10% tariff globally, but he is limited to 150 days, then he is stuck. No more tariffs.
So we pay a 10% tax for 150 days. I’ll just count the days and wait, frankly.

He'll try the same BS he is trying with appointing US Attorneys. As soon as the time period expires, just do it again.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So he is imposing a 10% tariff globally, but he is limited to 150 days, then he is stuck. No more tariffs.
So we pay a 10% tax for 150 days. I’ll just count the days and wait, frankly.

He'll try the same BS he is trying with appointing US Attorneys. As soon as the time period expires, just do it again.

Well it's not his money he's spending, it's the taxpayers. So try whatever stupid stuff he wants to do, create economic chaos, and see what sticks.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So he is imposing a 10% tariff globally, but he is limited to 150 days, then he is stuck. No more tariffs.
So we pay a 10% tax for 150 days. I’ll just count the days and wait, frankly.

He'll try the same BS he is trying with appointing US Attorneys. As soon as the time period expires, just do it again.

He can’t. After the 150 days, he has to get approval from congress. That’s really unlikely with midterms approaching.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Will WE/AMERICANS get refunds? Or at least those of us who didn't vote for that criminal ahole?

Are you kidding? The economy is going to boom but since Trump is obsessed with proving to economists that tariffs work, he's just going to impose new ones in a few months and tank the economy gain. Probably right before midterms.

I am sure PP wasn’t joking, just dumb.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So he is imposing a 10% tariff globally, but he is limited to 150 days, then he is stuck. No more tariffs.
So we pay a 10% tax for 150 days. I’ll just count the days and wait, frankly.

He'll try the same BS he is trying with appointing US Attorneys. As soon as the time period expires, just do it again.

He can’t. After the 150 days, he has to get approval from congress. That’s really unlikely with midterms approaching.

Even so, what’s the fun in a 10% global tariff? It doesn’t give him the power to levy a random high tariff via Truth Social because somebody said something mean about him or as part of a grift.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So he is imposing a 10% tariff globally, but he is limited to 150 days, then he is stuck. No more tariffs.
So we pay a 10% tax for 150 days. I’ll just count the days and wait, frankly.

He'll try the same BS he is trying with appointing US Attorneys. As soon as the time period expires, just do it again.

He can’t. After the 150 days, he has to get approval from congress. That’s really unlikely with midterms approaching.

Even so, what’s the fun in a 10% global tariff? It doesn’t give him the power to levy a random high tariff via Truth Social because somebody said something mean about him or as part of a grift.

Companies, especially small businesses, are breaking open champagne. Knowing there is a stable tariff for only 150 days is a huge relief.profits can return and they can hire now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So he is imposing a 10% tariff globally, but he is limited to 150 days, then he is stuck. No more tariffs.
So we pay a 10% tax for 150 days. I’ll just count the days and wait, frankly.

He'll try the same BS he is trying with appointing US Attorneys. As soon as the time period expires, just do it again.

He can’t. After the 150 days, he has to get approval from congress. That’s really unlikely with midterms approaching.

That's basically the same thing they are ignoring when appointing US Attorneys.

[Anonymous]

Anonymous wrote:From Nobel Prize winning trade economist Paul Krugman:

Trump announced that he would immediately use another little-known legal route — Section 122 — to impose immediate 10 percent tariffs across the board. Section 122 tariffs can only last 150 days, but he claimed that during that stretch he would find ways to use other authorities to maintain high tariffs. And it’s just possible that this will be enough to keep average tariffs and tariff revenue where they would have been if the Supremes had ruled in his favor.

I don’t see, by the way, how such alternatives would obviate the need to refund the tariffs already collected. If you seized money without constitutional authority, finding other revenue sources going forward doesn’t make the original seizure legal.

And even if Trump finds ways to keep tariffing, this is a huge defeat. Why? Because Trump’s invocation of IEEPA wasn’t about average tariff rates, or revenue. It wasn’t even about the trade deficit, which, by the way, hasn’t declined at all since he went on his tariff spree.

No, it was all about arbitrary power.

So how do we get our refunds from the tariffs we paid under this unconstitutional action