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Trump's global tariffs struck down by US Supreme Court

bbc.com

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

#791

Post by kshri24 »

carlosjobim wrote: post #426
jjtwixman wrote: post #191

Earlier quoted context omitted.

Tariffs are bad, there's no double think.

Then where are the hackers in this comment section calling out for the European Council to strike down European tariffs like the US supreme court did? Where were they before Trump?

Please study why tariffs exist in the first place. It is not to punish a country. It is used as protection from a stronger adversary, especially by developing countries, for balancing trade disparities. Not everything can be lop-sided in favor of US.

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

#792

Post by IcyWindows »

sdenton4 wrote: post #467
furyofantares wrote: post #152

Earlier quoted context omitted.

Why do we repeatedly say that tarrifs are passed off in full to the consumer in the form of higher prices? Isn't that as obviously wrong as the argument for them, that they're paid entirely by the other countries? Is there a reason to believe, or evidence, that it's not a mixture of the two? edit: I want to highlight esseph's reply has a link to evidence that last year's tarrifs were passed off 90% to consumers, whic…

Here's evidence : https://www.kielinstitut.de/publications/news/americas-own-g... "Importers and consumers in the US bear 96 percent of the tariff burden."

That's not just consumers. That is "importers and consumers"

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

#793

Post by UltraSane »

dmix wrote: post #455
linuxhansl wrote: post #301

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.

The New Deal was a good thing when the US was in the Great Depression and there was a communist revolution in Russia.

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

#794

Post by CamperBob2 »

originalvichy wrote: post #755
cmurf wrote: post #654

Earlier quoted context omitted.

In a sense this is the correct level of punishment for all. The courts are slow and deliberative. The Congress could solve this in a week. Impeachment and removal from office.

You are correct. My country does not have the similar separation of powers the US has. I do not understand why Americans have a hard time realizing this: the President and other elected officials work for YOU. They literally run for office to get the position, and they get voted in. Why would someone let an elected official enrich themselves and their friends with your money? Why would the legislative branch allow th…

About 30% of our electorate consists of so-called "deplorables" who are geographically distributed in a way that gives them outsized influence. The deplorables were happy to set aside their own best interests at the voting booth because Trump promised to hurt other people more.

Promises were made, and as far as the deplorables are concerned, promises were kept. They continue to approve of his actions wholeheartedly.

There is probably no way back for us, unfortunately. Please keep in mind than a healthy majority of American voters either voted against Trump or chose to sit out the election. We are largely powerless, though, due to system-level weaknesses that have been present since the nation's founding but couldn't effectively be exploited until recently.

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

#795

Post by lesuorac »

madaxe_again wrote: post #780
beloch wrote: post #761

Earlier quoted context omitted.

This will be so in some cases, but there are extra steps in others. e.g. In a different path, 1 and 2 are the same, but things then diverge. 3) To recoup some of those tariff costs, the company sells the rights to any potential future tariff refunds. They recoup a portion of what they paid immediately but hand away the right to a full refund to another party, such as Cantor Fitzgerald. The seller might use this to re…

How is this not reverse Byzantine tax farming?

Where you going with this?

Afaik, Byzantine (or reverse) and other private tax collection setups aren't illegal.

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

#796

Post by philistine »

vkou wrote: post #727
philistine wrote: post #464

Earlier quoted context omitted.

The whole legal apparatus of the US doesn't want to hear that but your laws suck. They're flawed because of the political system borne of compromise with parties incapable of whipping their members to just vote in favour of a law they don't fully agree with.

That's the case in any country where a parliamentary body is split so closely. When you need every vote to get legislature to pass, because you control 51% of a chamber, backbenchers on the ideological fringe of a party, (DINOs and RINOs) have a lot of power. When you have a majority with comfortable margins, you can care a lot less about what the Sinemas and Manchins and McCains of a party think.

You're looking at the world with your American blinders on. The rest of the world's elected representatives vote with their party or they leave their party. What you're describing is a fundamentally American phenomenon.

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

#797

Post by UltraSane »

Ronje wrote: post #756
shevy-java wrote: post #633

Hmm. This is celebrated as a victory - I don't mind that, who likes the crazy pro-russian orange man anyway. But I think it should be pointed out that he went on to use an old law. So the supreme court basically said that this was an unfit use case. Ok. They could just come up with a new law that is tailor-made and may eventually be approved. It may take some time but they could technically do so, right? So I am not…

You do realize these tariffs aren't going away. They just used a different legal way to use them. Section 232, 301, 201, 122 and 338 will allow him put these right back on

Those are more limited in duration and percentage.

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

#798

Post by DiogenesKynikos »

conductr wrote: post #601
omnimus wrote: post #244

Earlier quoted context omitted.

Do you agree with countries doing the opposite to the US? When for example US tech is better than the local alternative but the countries create unfair advantages to the local alternatives?

I believe as a US citizen I have no say in how they make these decisions so this thought exercise is pointless. We all structure our governments differently and so compete globally with differing rules, I only care about how we do it here in the US. At times, what we do may be in reaction to others, but how we do it needs to be agreed upon here at home and for that we have a Constitution that gives this power to cong…

The entire point of the WTO was that countries can cooperate globally to reduce tariffs and other trade barriers, so it does matter what you think of other countries' decisions.

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

#799

Post by ceejayoz »

kQq9oHeAz6wLLS wrote: post #779
mrguyorama wrote: post #495

Earlier quoted context omitted.

>because SCOTUS has proven to not be a puppet of the administration. Several justices are openly taking bribes

[flagged]

No. Like actual bribes over a 20 year period.

https://www.propublica.org/article/clarence-thomas-scotus-un...

https://www.propublica.org/article/clarence-thomas-harlan-cr...

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

#800

Post by DiogenesKynikos »

freeone3000 wrote: post #742
ragazzina wrote: post #621

Earlier quoted context omitted.

Can you make an example of a tariff from the last 100 years that definitely benefitted the US in a long-lasting way?

Auto tariffs have kept Detroit producing automobiles despite various other entrants, while still being low enough for foreign competition.

Auto tariffs are currently keeping far less expensive - yet much more advanced - Chinese EVs out of the US market, costing American consumers thousands of dollars on every car purchase.
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