The Tarriff Hype.

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
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They won't. Like it or not, $2 a gallon gas and inflation handled happened.
More than 1,000 American companies have petitioned for refunds in the event the tariffs were struck down like what happened yesterday, but the Supreme Court didn’t lay out a process for those refunds to be processed, leaving the issue up to lower courts.
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Business leaders on Friday called on the administration to quickly set up a process to process refunds, but Trump indicated that there “may be🤔 more litigation before any money is paid out. “We’ll end up being in court for the next five years,” Trump said during his press conference.
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The Supreme Court’s decision on Friday caps a year of legal wrangling over Trump’s unprecedented use of direct taxation of the American public without further government consultation or approval tariffs. Since last April, Trump has used emergency national-security powers to levy most of his direct taxes tariffs—deploying the International Emergency Economic Powers Act, a 1977 law that had never before been used for tariffs. Trump and his team chose that law, in part, because it let him squeeze impose taxation without representation upon American citizens tariffs by Royal edict nearly instantaneously, allowing Trump (not the Senate) to coerce threaten other countries with higher levies over trade and nontrade issues alike.

(The primary cause of the American Revolution was the intense political and economic tension following the French and Indian War (1754–1763), when Britain imposed direct taxes (e.g., Stamp Act, Townshend Acts) on the colonies to pay for their defense. Colonists rejected this "taxation without representation," viewing it as a violation of their rights as Englishmen, leading to boycotts, protests, and eventual war, but that’s neither here nor there, and history doesn’t necessarily repeat itself. Nothing to see here. Move along)

But on Friday, the Supreme Court ruled that Trump’s use of Ieepa for tariffs is illegal, undermining his chosen tool of economic blackmail leverage.
Will this change anything (?) or will Trump ignore the Supreme Court like he ignores the Congress and Senate?
Leading towards the American Revolution,
the British government largely ignored, dismissed, or actively rejected the formal demands, petitions, and grievances sent by the American colonists. Instead of addressing the core issues of colonial self-governance and taxation, Britain tended to respond with stricter enforcement and punitive measures, which directly led to the rise of the independence movement.
 

petros

The Central Scrutinizer
Nov 21, 2008
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Low Earth Orbit
More than 1,000 American companies have petitioned for refunds in the event the tariffs were struck down like what happened yesterday, but the Supreme Court didn’t lay out a process for those refunds to be processed, leaving the issue up to lower courts.
View attachment 33362
Business leaders on Friday called on the administration to quickly set up a process to process refunds, but Trump indicated that there “may be🤔 more litigation before any money is paid out. “We’ll end up being in court for the next five years,” Trump said during his press conference.
View attachment 33363
The Supreme Court’s decision on Friday caps a year of legal wrangling over Trump’s unprecedented use of direct taxation of the American public without further government consultation or approval tariffs. Since last April, Trump has used emergency national-security powers to levy most of his direct taxes tariffs—deploying the International Emergency Economic Powers Act, a 1977 law that had never before been used for tariffs. Trump and his team chose that law, in part, because it let him squeeze impose taxation without representation upon American citizens tariffs by Royal edict nearly instantaneously, allowing Trump (not the Senate) to coerce threaten other countries with higher levies over trade and nontrade issues alike.

(The primary cause of the American Revolution was the intense political and economic tension following the French and Indian War (1754–1763), when Britain imposed direct taxes (e.g., Stamp Act, Townshend Acts) on the colonies to pay for their defense. Colonists rejected this "taxation without representation," viewing it as a violation of their rights as Englishmen, leading to boycotts, protests, and eventual war, but that’s neither here nor there, and history doesn’t necessarily repeat itself. Nothing to see here. Move along)

But on Friday, the Supreme Court ruled that Trump’s use of Ieepa for tariffs is illegal, undermining his chosen tool of economic blackmail leverage.

Leading towards the American Revolution,
the British government largely ignored, dismissed, or actively rejected the formal demands, petitions, and grievances sent by the American colonists. Instead of addressing the core issues of colonial self-governance and taxation, Britain tended to respond with stricter enforcement and punitive measures, which directly led to the rise of the independence movement.
There is still the appeal.
 
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Taxslave2

Senate Member
Aug 13, 2022
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Appealed to whom? Which higher court would this appeal be made to? Or would Trump appeal this to himself and decree and edict based upon executive authority?
From what I can gather from the news, Trump can veto the court decision. Which begs the question"Why bother with the expense of a court when the President can veto the ruling if he doesn't like it?" A few grams of lead makes an irreversable decision.
 

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
31,360
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Regina, Saskatchewan
From what I can gather from the news, Trump can veto the court decision. Which begs the question"Why bother with the expense of a court when the President can veto the ruling if he doesn't like it?" A few grams of lead makes an irreversable decision.
I don’t think he’s supposed to be able to do that. It doesn’t mean he won’t try, but I don’t think he has the authority to. Trump is not Congress.
 

Tecumsehsbones

Hall of Fame Member
Mar 18, 2013
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There are multiple legal paths to setting tariffs. This could be a good thing. If the Supremes hold fast, we could close many of those paths and get back to the Constitution.

"The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises" U.S. Const., Art. I, sec. 8.
 
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Ron in Regina

"Voice of the West" Party
Apr 9, 2008
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Regina, Saskatchewan
15% terroriffs. :( :rolleyes:
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I could be wrong because this is all new to me, but I believe I read several hours ago that that’s the maximum that he can do, but time will tell.

President Donald Trump on Saturday said he would increase global tariffs to 15% from 10%, one day after the Supreme Court struck down his "reciprocal" tariffs.

The new tariffs will be "effective immediately," Trump said in a Truth Social post. In his social media post, Trump also warned that additional tariffs would follow.