SCOTUS blocks Trump tariffs under IEEPA

[Doctor Phibes]

He's just announced a global 10% tariff on everybody.

[Horace]

@Doctor-Phibes said in SCOTUS blocks Trump tariffs under IEEPA:

He's just announced a global 10% tariff on everybody.

Yeah. Oddly the market didn't react.

[xenon]

That tariff has a built in 150 day limit.

[Mik]

https://www.msn.com/en-us/money/markets/what-supreme-court-ruling-against-trump-tariffs-means-for-your-money/ar-AA1WKHtY

Includes the tariffs on French wine. Happy day.

[LuFins Dad]

Anybody need a German piano?

[Mik]

Gorsuch's comment on this (confirmed by Newsweek):

[Horace]

No need for journalist confirmation. That was in the written opinion released by SCOTUS.

[Mik]

I confirm anything I see on FB before I share it.

[xenon]

Trump had another tantrum and upped the 10% to 15%.

[Horace]

sigh.

[jon-nyc]

He loves taxing Americans. Makes Mamdani look like Milton Friedman in comparison.

[Horace]

From what I understand, there has to be an investigation and written justification (at least) for tariffs under the new sections. Of course the administration will concoct something, but if it's too transparently garbage, it'll be open to court rejection, presumably.

[Axtremus]

With so many AI chat bots around, surely one can "write" a justification to muddle through the 150 days legal maximum.

[jon-nyc]

Then he lets them lapse for a day and does another 150 days of 14.9%?

[jon-nyc]

https://www.facebook.com/share/r/1b26r3goH7/?mibextid=wwXIfr

[Horace]

Nobody is happier about the president's alleged ability to circumvent the narrow court ruling and raise tariffs anyway, than his opponents in the midterms.