Reply to What will happen to the economy and stock market if SCOTUS rules Trump tariffs are unconstitutional?

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Reply to "What will happen to the economy and stock market if SCOTUS rules Trump tariffs are unconstitutional?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Nothing will happen.

I am concerned though that businesses who raised prices due to tariffs are not going to lower them. If anyone has a solution to make businesses lower prices once tariffs are deemed unconstitutional please let us know. For instance, I don't see car makers lowering prices. The sad truth is we unnecessarily got one time increase that will never come down..Businesses did it without us noticing.[/quote]

2X
They did it during Covid too[/quote]

Not one business is going to lower prices no matter what the SCOTUS outcome.

Publix, Home Depot, Wallmart, Target blame them[/quote]

Let's bring back the Nixon/Ford/Carter wage and price controls for a few months just so we all remember; "oh, right. That was a terrible idea."

Private companies are free to set prices however they wish. If people are willing to pay, then we get what we have. Prices will stabilize when we regain access to cheap imported goods and labor (immigrants). Alternatively, people reach a point where they no longer can borrow more. Look up the "Volcker shock" if you are too young to remember.[/quote]

At least Nixon had clear statutory authority granted by Congress to do so

https://en.wikipedia.org/wiki/Economic_Stabilization_Act_of_1970[/quote]

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