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.

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.

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.

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.

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.

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.

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.

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.

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

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

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.

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