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Trump's global tariffs struck down by US Supreme Court

bbc.com

501–510 of 1001 posts

Re: Trump's global tariffs struck down by US Supreme Court

#501

Earlier quoted context omitted.

Weren’t Sotomator and Jackson the same with Biden? Kagan is much more principled.

> Weren’t Sotomator and Jackson the same with Biden? Kagan is much more principled Very respectfully, there is no comparison between Trump and Biden in this respect. Indeed, the court adopted a new legal concept, the Major Questions Doctrine, to limit Biden continuing the Trump student loan forbearance.

The Major Questions Doctrine has been a thing for decades:

https://en.wikipedia.org/wiki/Major_questions_doctrine

Re: Trump's global tariffs struck down by US Supreme Court

#502

Earlier quoted context omitted.

in the UK a similar unconstitutional behaviour by the head of government took... from the start of the "injury": - 8 days to get to the supreme court - 2 days arguing in court - 5 days for the court to reach a decision 15 days to be ruled on https://en.wikipedia.org/wiki/R_(Miller)_v_The_Prime_Ministe...

Ah,yes, british constitutional law. In a country where no parliaments can bind its successors it means there is no constitution and the constitutional law is a polite fiction poorly held together with tradition and precedent.

it's not perfect, but it's a hell of a lot better than the US system

Re: Trump's global tariffs struck down by US Supreme Court

#503

Finally some sanity. The administration has use laws about "national security" and other so call "emergencies" to impose tariffs. If everything is an emergency then nothing is, and that was clearly not congress' intention with those laws. The power to impose tariffs rests with the legislator, not the executive. Of course our congress is effectively useless - we can thank decades of Mitch McConnell's (and others) "not…

> If everything is an emergency then nothing is, and that was clearly not congress' intention with those laws. The state of exception is the true test of sovereignty, and powers that crave sovereignty therefore seek out states of exception. The PATRIOT act created new institutions and authorities like the TSA. Just a few years ago local health departments were making business-shuttering decisions that ruined life for…

Are you equating covid to the common cold? If so, this comment is absurd.

Re: Trump's global tariffs struck down by US Supreme Court

#505
post #488

Earlier quoted context omitted.

I wouldn’t put anything past them, but my impression is that they were just acting as a middleman for this transaction and taking a fee, rather than making a directional bet one way or another. Hedge funds have certainly been buying a lot of tariff claims, giving businesses guaranteed money upfront and betting on this outcome. But for an investment bank like Cantor Fitzgerald that would be atypical.

That's what a bookie does. Middleman.

If you are the risk and the insurance for that risk you aren’t a middle man you are the mob.

Re: Trump's global tariffs struck down by US Supreme Court

#506
post #40

Howard Lutnick and his sons are surely happy about this. It’s almost like Howard Lutnick, the Secretary of Commerce , knew this would happen. His sons, at their firm Cantor Fitzgerald, have been offering a tariff refund product wherein they pay companies who are struggling with paying tariffs 20-30% of a potential refund, and if (as they did today) they get struck down, they pocket the 100% refund. https://www.financ…

Meanwhile Pam Bondi's brother is a lawyer who's firm represents clients with cases against the justice department, and those cases keep getting dropped.

- https://www.newsweek.com/trump-doj-handling-pam-bondi-brothe...

- https://abcnews.com/US/doj-drops-charges-client-ag-pam-bondi...

Re: Trump's global tariffs struck down by US Supreme Court

#508
post #40

Howard Lutnick and his sons are surely happy about this. It’s almost like Howard Lutnick, the Secretary of Commerce , knew this would happen. His sons, at their firm Cantor Fitzgerald, have been offering a tariff refund product wherein they pay companies who are struggling with paying tariffs 20-30% of a potential refund, and if (as they did today) they get struck down, they pocket the 100% refund. https://www.financ…

It’s a tax on the US economy. A tax levied by individuals rather than the government itself. An ingenious scheme. Evil, but ingenious.

The stated intention was to replace income taxes with tariffs; and it came with a bonus feature of handing the President a cudgel with which to grant him personal powers and personal rewards.

Re: Trump's global tariffs struck down by US Supreme Court

#509
post #240

Earlier quoted context omitted.

Except that isn’t relevant at all. This Supreme Court is completely cooked. If the case was “can Trump dissolve New York as a state” you would still have 3 justices siding in his favor with some dog shit reasoning.

Read the opinions. Both are pretty reasonable. I think the dissent has a good point that a plain language interpretation of the term "regulate imports" would seem to include tariffs. The bigger issue I think is that that statute exists in the first place. "Emergency powers" that a president can grant himself just by "declaring an emergency" on any pretense with no checks or balances is a stupid idea.

Indeed, if you want to case intuitional blame here, it’s far more Congress’ fault for forcing the court to split these linguistic hairs rather than address this issue head on themselves.

Re: Trump's global tariffs struck down by US Supreme Court

#510
post #455

Finally some sanity. The administration has use laws about "national security" and other so call "emergencies" to impose tariffs. If everything is an emergency then nothing is, and that was clearly not congress' intention with those laws. The power to impose tariffs rests with the legislator, not the executive. Of course our congress is effectively useless - we can thank decades of Mitch McConnell's (and others) "not…

The most dangerous part of the current admin is the fealty he demands from congress and how exploits his popularity to be a kingmaker in local elections. This is something FDR did heavily in the 1930s to expand his own power and bully congress into passing the New Deal. https://www.ebsco.com/research-starters/history/purge-1938 He also used legally questionable executive orders like crazy.

lol you say FDR was bullying Congress, as if the New Deal coalition wasn't the most successful political movement that this country ever had (won nearly every Presidential election (only losing to the man that defeated Nazis in Europe), had control of the House from like 1932 to 1992, nearly controlled the Senate for just as long too).

Attacking FDR, someone who stood up against business interests to defend labor, kinda exposes the game here.

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