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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

#61
I don’t get what SCOTUS is up to as far as a practical matter goes.

They’re hands off so the president can clearly gather illegal taxes.

Then they change their mind. So what? The government gives the taxes back? Is that even possible?

Next step what? Trump does something else illegal and SCOTUS majority sits on their hands for a year or more?

SCOTUS majority’s deference to their guy has become absurd… the judicial branch is of no use…

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

#62

Earlier quoted context omitted.

A US-Iran conflict has been inevitable for decades. A nuclear Iran would lead to a nuclear KSA, Turkiye, UAE, Egypt, Qatar, etc and would make the Middle East more unstable. We don't need to put boots on the ground though. The reason why we had boots in Afghanistan and Iraq which led to it's unpopularity was due to our moral commitment to nation-building in the 1990s-2000s (especially after Yugoslavia). Americans no…

Overconfidence is a slow and insidious killer.

We truly don't need boots on the ground though.

The NATO campaign in Libya was similar with no American boots on the ground, with the Gulf and Turkiye largely stepping in. And unlike Libya, we don't have US citizens in a consulate in Iran.

"You break it, you buy it" doesn't hold in 2026 anymore.

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

#64
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…

The Lutnick sons were also probably betting on the outcome of the case on Kalshi

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

#65
post #14

The 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.

There are many countries that have functioning constitutions that are regularly revised.

It’s not impossible for the USA to get there one day.

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

#66
post #41
post #16

Earlier quoted context omitted.

Yep. Same exact trick that happened during COVID. Prices ratchet up but never down.

To me this suggests that the problem is not cost, but lack of competition, either in production or in pricing. My understanding is that there are sufficient laws to ensure competition, but they are not widely enforced.

> My understanding is that there are sufficient laws to ensure competition, but they are not widely enforced.

That's correct, the laws exist but it's up to the executive to enforce them. The US has not meaningfully enforced any anti-trust laws since the Microsoft web browser bundling case in the 90s. There was a brief glimmer of anti-trust being resuscitated by FTC during the Biden admin, but the tech company monopolies got so spooked by that that they brought all their resources to bear in 2024 to ensure their guy won, and he did. Anti-trust remains dead in the US for at least another generation.

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

#67
post #32

Let the fun of returning hundreds of billions of the illegal tariff revenue back to importers through litigation begin!

"The ruling was silent on whether tariffs that have been paid under the higher rates will need to be refunded." - from CNBC

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

#68
post #21

Earlier quoted context omitted.

> Constitutional changes are required for other countries to trust in the stability of the US in the future. For sure. Question is what would be enough to regain trust? I don't really see it happening

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

#69
post #57

Am I understanding this right? 1) US customer pays huge import tax on imported goods in the form of higher prices. 2) Seller sends the collected tax to the US government 3) US government will refund all/most of that tax back to the seller after this ruling 4) Seller gets to keep the returned tax money as pure profit (no refund to customer)

There have been no decisions about refunds. The court avoided addressing that.

That topic will surely go back to the courts, kicking and screaming

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

#70
post #57

Am I understanding this right? 1) US customer pays huge import tax on imported goods in the form of higher prices. 2) Seller sends the collected tax to the US government 3) US government will refund all/most of that tax back to the seller after this ruling 4) Seller gets to keep the returned tax money as pure profit (no refund to customer)

Seller wasn’t involved in the tariffs. Rather the importer paid them, etc.
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