Supreme Court Rules Against Trump’s Tariffs

[CriticalStinker]

I never saw a significant increase in meat, coffee or anything else I purchase on a weekly basis.

In fact, I've seen many prices decrease, it might benefit people to shop around for some items I guess.

Fluctuations of 25-50 cents doesn't affect me, not even by $1 really, but I guess it could to some people on a strict budget.

You’re missing the point.

Post COVID we saw insane price increases (mostly due to inflation, thanks to the money printers of Trump and Biden).

One of Trumps campaign promises was to bring prices down. In 2016 he said he was going to reduce the debt. 

He’s not unique, all politicians in recent history have done a 180 on campaign promises…

But the truth of the matter is debt is increasing (Trump has more than any president ever), and the dollar is losing purchasing power. All while he and his base tried to act like he’s gods gift to the economy.

Whats happening is he’s keeping the older asset holding generation propped up before the rug gets pulled. The younger generations will be left holding the hot potato.

And while the tariffs were deemed unconstitutional by the highest court in the land, his base still continues to defend him while he defies the constitution, something they all vowed to be the strongest proponents of.

Partisans will partisans though. Their principals are in the party, and the leader of the party, not any static policy positions. They change when he changes his mind. That’s now how a nation of self governance is supposed to work.

All the math shows we’re on the same path of debt and loss of wealth as the last presidents had us on. And it’s all just funny because the libs are getting owned. Eating shit sandwiches just so opponents have to smell the breath.

[Oldcarpy2]

You must not grocery shop. Meat, coffee, and a lot of items saw increased costs. Some things weren’t as visible because they decreased the volume being sold (shrinkflation).

The company I work for is a distributor. We deal solely business to business, but I can assure you all tariffs we incurred were passed directly to the end user.

Even if we said prices didn’t go up, they certainly didn’t go down. So what was the point of all of it? We still got 2.25t more in debt last year, prices didn’t go down, and 10% or more lost on purchasing power for the USD. So I’m struggling to see how this was any sort of a win.

Trump economists seem to believe that other countries are paying these tariffs .

In fact, it's US importers that pay them.  Who pass it on to US consumers.

Yet MAGA folk swallow this economic ignorance.

[CriticalStinker]

So, can Trump install these new tariffs, and when do they go in effect?

This should mean we will have no disruption or increases through Spring and Summer for our business, and we will see what happens in the fall 
 

Most said the tariffs, in the way they were implemented, were unconstitutional. 

The Supreme Court has ruled that tariffs are taxation and taxation is left to congress. I think there is some wiggle room for targeted tariffs, like national security... But SCOTUS made clear blanket tariffs are unconstitutional.

So if we're still increasing debt, still increasing trade deficit, and the USD is falling... Is it in America's best interest for the President to continue to defy the constitution when we're not benefiting?

[FlyersFan]

I just checked ... Dow closed up 230 points today.
After the rant at the podium ... I'm in shock.   Really.

[DontTreadOnMe]

Agreed.
And if Trump went through congress for tariffs,

......we'd be waiting until the next century. 
Most of Congress is too busy holding hearings that go nowhere, traveling, running for their next seat and hating Trump.

[DontTreadOnMe]

So, what happens now?

For one thing, stop listening to all the talking heads and wait for the inevitable next steps Trump will take.
Seems logical the Trump people would have been looking for Plan B and beyond...you never know for sure how the Supremes will go.


I do find it beyond bizarre that Obamacare was that POTUS mandate, and Roberts was fine with calling that a tax.
But this mamdate to correct the US tradate inbalance....no deal.

[DBCowboy]

The Supreme Court, in a 6-3 decision, ruled that President Trump exceeded his authority under the International Emergency Economic Powers Act (IEEPA) by imposing broad tariffs, as the law does not explicitly permit such actions—even during declared emergencies—since tariff-setting power is constitutionally assigned to Congress.

https://www.supremecourt.gov/opinions/25...7_4gcj.pdf

I think this was predictable considering the constitution clearly lays out who has authority for these types of actions. The administration used the IEEPA as justification even though the word tariff never comes up in it. There is precedent for targeted tariffs by the president, but these were blanket tariffs on the whole planet, with some of the reasoning arbitrary.

Unfortunately for the nation, the Big Beautiful Bill was passed with the assumption tariffs would offset the reduction in revenue, and increasing of spending. This doesn’t just fall on Trump, but also the republican legislators who should have known how all of this would play out given it is their jobs to legislate, not the executive.

Its going to take some time for the dust to settle for us to realize the impact this will have on debt and foreign policy.

I don't see how foreign nations can basically dictate our economic system, and the Court allowed it.

[RazorV66]

I don't see how foreign nations can basically dictate our economic system, and the Court allowed it.

All the hyperventilating anti-Trumpers are going to be in for a surprise.

Trump has a Plan B, C, D and E for implementing his economic agenda.

The tears are not over.

[CriticalStinker]

I don't see how foreign nations can basically dictate our economic system, and the Court allowed it.

Trumps China tariffs lasted all the way from his first term to this term.

So it looks like you can do some, just not the whole planet.

I believe it was the constitution, not foreign nations saying the executive can't dictate power. Kind of odd how suddenly a lot of people disagree with the constitution and a majority republican SCOTUS on constitutional rulings.

[Vermilion]

It’s not a big deal, unless you’re only thinking about a Trump loss in court.
Trump is winning about 80% of these so the ones he loses they’ll make a huge deal about.

What most people are forgetting(or had no idea to begin with) is that Trump already pushed many countries to make new trade deals based on those tariffs.
The trade deals are now legit, no matter the tariffs.

The art of the deal.

Great trade deals, some might say the best ever.

Add to that all the companies who have announced investments in U.S. based manufacturing, and we’re looking great.