Unfortunately, I suspect that many platforms/outlets which were paying tariffs for us will continue their high prices. I’d love to see my startups cost of hardware go down but I can’t plan on it happening in my CapEx projections.
Trump's global tariffs struck down by US Supreme Court
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Re: Trump's global tariffs struck down by US Supreme Court
#12Can't say one way or another whether the power of the president was abused in this case but its a sad state for businesses who can't get started because of flip flopping policy. I'm for the tarrifs, its absolutely ridiculous to think only Wall Street matters.
Just because businesses / wall street doesn't like something doesn't mean it's necessarily good for every day Americans. The tariff vision of on-shoring manufacturing and reliving the glory days of the post WW2 era was rooted in fantasy. The US simply cannot compete given its labor costs and actual manufacturing know-how.
Perhaps this is an overdue wakeup call, and a freak out is in order regarding this reality but unconstitutional tariffs alone were never going to solve this problem.
Re: Trump's global tariffs struck down by US Supreme Court
#13This ruling impacts tariffs imposed by way of the International Emergency Economic Powers Act, which includes the reciprocal tariffs announced on April 2’s so-called “Liberation Day.” Bloomberg Intelligence estimates that roughly $170 billion in tariff revenues have been generated through February 20 via these policies. However, this ruling has no bearing on section 232 tariffs, which have been used to justify levies on the likes of steel and aluminum.
Trump administration officials had indicated that they developed contingency plans to attempt to reinstate levies in the event of this outcome. CNN reported that Trump called this ruling a “disgrace” and said he had a backup plan for tariffs.
Re: Trump's global tariffs struck down by US Supreme Court
#14The global damage has been done. It took too long and it looks like it will only be partially reversed. Constitutional changes are required for other countries to trust in the stability of the US in the future.
> Constitutional changes
Y'all have proven how worthless that piece of paper is.
Re: Trump's global tariffs struck down by US Supreme Court
#15He better dusts off the good old auto pen.
The man has a lot of cheques to write for the 175 billion he stole illegally from foreign countries.
Re: Trump's global tariffs struck down by US Supreme Court
#16Unfortunately, I suspect that many platforms/outlets which were paying tariffs for us will continue their high prices. I’d love to see my startups cost of hardware go down but I can’t plan on it happening in my CapEx projections.
Yep. Same exact trick that happened during COVID. Prices ratchet up but never down.
Re: Trump's global tariffs struck down by US Supreme Court
#17The global damage has been done. It took too long and it looks like it will only be partially reversed. Constitutional changes are required for other countries to trust in the stability of the US in the future.
I disagree. Despite all the talk and grand announcements of independence, most of the world wants globalization and worked for more of it, but maybe without the US (openings to china/india/LatAm). Now it will most likely be WITH the US. While the US may feel that globalization has been bad for itself (it hasn't - just look at the spectacular US economy) , the rest of the developed world is not in a position to revers…
Presumably congress could recreate the same tariffs, if they wanted.
Re: Trump's global tariffs struck down by US Supreme Court
#18The global damage has been done. It took too long and it looks like it will only be partially reversed. Constitutional changes are required for other countries to trust in the stability of the US in the future.
I disagree. Despite all the talk and grand announcements of independence, most of the world wants globalization and worked for more of it, but maybe without the US (openings to china/india/LatAm). Now it will most likely be WITH the US. While the US may feel that globalization has been bad for itself (it hasn't - just look at the spectacular US economy) , the rest of the developed world is not in a position to revers…
I'm guessing you're American?
Re: Trump's global tariffs struck down by US Supreme Court
#19Can't say one way or another whether the power of the president was abused in this case but its a sad state for businesses who can't get started because of flip flopping policy. I'm for the tarrifs, its absolutely ridiculous to think only Wall Street matters.
The power to impose tariffs is given to Congress in the Constitution. Exceptions are allowed but in rare and specific situations. The fact that SCOTUS struck it down means the tariffs as imposed were unconstitutional.
You can be for tariffs all you want, I'm not here to argue their efficacy. But you absolutely cannot with any intellectual honesty still be on the fence about whether he abused his power given this ruling.
It is not "flip flopping policy" to break the bounds of your Constitutional power and be shut down by one of the branches meant to check you.
Re: Trump's global tariffs struck down by US Supreme Court
#20Can't say one way or another whether the power of the president was abused in this case but its a sad state for businesses who can't get started because of flip flopping policy. I'm for the tarrifs, its absolutely ridiculous to think only Wall Street matters.
It is almost like the flip-flopping policy was never meant to boost US manufacturing, but to secure kickbacks and deals from big companies and countries to get favored treatment.