Reply to Tarriffs overturned

Forum Index » Money and Finances

Reply to "Tarriffs overturned"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]From Nobel Prize winning trade economist Paul Krugman:

[quote]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.
[/quote][/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics