US Tariff War

Leavitt's big "gotcha" end of press conference bombshell Is to bring up a denocrat quote from 1996, as if the world hasn't changed in the 29 years since then, or as she claims, 27 years, with basic math(s) seemingly not being a strong point of hers.
 
Donald Trump's threat to impose an additional 50% tariff on China, taking the total levy Beijing faces to 104%.

Confirming a significant escalation between the world's two biggest superpowers, Leavitt says: "It will be going into effect at 12.01am tonight. So effectively tomorrow."
 
MeatnSpudsMCFC said:
Didn't take long for this issue with tariffs to move onto things like VAT and food regulations.
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Charles Koch seems to be doing something about the tariffs. My knowledge is insufficient to provide much opinion, but he and family are super rich and have some influence
 
Mr Fraser said:
Charles Koch seems to be doing something about the tariffs. My knowledge is insufficient to provide much opinion, but he and family are super rich and have some influence
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They are uber-rich industrialist cunts who fund a million different conservative causes, most of which I despise. However, seeing a Republican in the White House, a Republican Congress, and a Republican SCOTUS fucking in their wet dream so badly us too much even for them!

If you think of Musk as on the spectrum dumb-evil, the Koch Brothers would be the mahogany paneled men’s club evil. They usually never speak and let their money speak for itself…because that amount of money doesn’t need an introduction with most Republicans!
 
ChicagoBlue said:
They are uber-rich industrialist cunts who fund a million different conservative causes, most of which I despise. However, seeing a Republican in the White House, a Republican Congress, and a Republican SCOTUS fucking in their wet dream so badly us too much even for them!

If you think of Musk as on the spectrum dumb-evil, the Koch Brothers would be the mahogany paneled men’s club evil. They usually never speak and let their money speak for itself…because that amount of money doesn’t need an introduction with most Republicans!
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Lawsuit claiming IEEPA illegal for tariffs from koch is bad for trump as they appear ultra nasty capitalists? From your description
 
Mr Fraser said:
Lawsuit claiming IEEPA illegal for tariffs from koch is bad for trump as they appear ultra nasty capitalists? From your description
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I don't think it's from Koch.

It's from a Libertarian group that Koch gave some money to in 2022 - the New Civil Liberties Alliance,
 
BlueHammer85 said:
Donald Trump's threat to impose an additional 50% tariff on China, taking the total levy Beijing faces to 104%.

Confirming a significant escalation between the world's two biggest superpowers, Leavitt says: "It will be going into effect at 12.01am tonight. So effectively tomorrow."
Click to expand...
Walmart are going to be sooooooo fucked.
 
.... Congress began a decades-long trend of ceding the authority to lay and collect customs duties to the executive branch. This evolution began with the passage of the Reciprocal Trade Agreements Act of 1934 (RTAA). The RTAA authorized the president to negotiate bilateral, reciprocal trade agreements and to proclaim limited adjustments to tariff rates without congressional action. The Trade Expansion Act of 1962 broadened this authority to include multilateral trade negotiations, reflecting the U.S.’s role in global trade. Importantly here, Section 232 of the Trade Expansion Act granted authority to the president to impose tariffs or other trade restrictions if imports were found to threaten national security.

Exactly. Congress needs to take back and assert it's institutional authority.

National Review called on Congress to end President Donald Trump’s trade war in an editorial laying out both the political and constitutional cases for doing so on Tuesday.

After arguing that Trump had thrown “the world’s economy into turmoil” by declaring that America’s trade deficit constituted an “emergency” and imposing “protectionist barriers that exceeded even the infamous Smoot-Hawley law in its scope,” the conservative magazine dove into its case.

“If it seems preposterous that a single person could enjoy this much power over the American economy — and, with it, the global economy — rest assured that it is. In Article I, the Constitution vests the ‘power To lay and collect Taxes, Duties, Imposts and Excises’ in Congress, not in the president,” it observed. “As a result, the president has no power to impose tariffs that he has not been accorded by an act of the legislature. If it desires, Congress can choose to take back as much of that power as it sees fit. It ought to do so — and do so now.”

The editorial continued:

In essence, the case for Congress fulfilling its responsibilities is the same as the case for written law per se: No free man wants to be at the mercy of a king.

The very fact that our system charges Congress with setting tariffs ought to be sufficient to get Congress to do its job. So, too, ought the president’s cynical conflation of his personal political preferences and the existence of an “emergency” that unlocks his absolute powers. But, if duty to their oaths does not move them, the raw chaos of the last five days should certainly substitute as motivation. What has happened since last Thursday is hard to fathom. Based on an ever-shifting series of rationales, characterized by an embarrassing methodology, and punctuated with an extraordinary arrogance toward the country’s constitutional order, the Trump administration has alienated our global allies, discombobulated our domestic businesses, decimated our capital markets, and increased the likelihood of serious recession.
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“We are of the view that many of the delegations of authority that Congress has granted to the executive are unconstitutional, and that they should be struck down as such by the Supreme Court,” it concluded. “At some point, we hope that a majority of the justices are persuaded to agree. For now, though, it falls to the current members of Congress to do what, for decades, they have proven steadfastly unwilling to do: their jobs.”

www.mediaite.com

National Review Urges Congress to End the ‘Raw Chaos’ of Trump’s Trade War: ‘No Free Man Wants to Be at the Mercy of a King’

National Review called on Congress to end Donald Trump's trade war in an editorial laying out the case for doing so on Tuesday.
www.mediaite.com www.mediaite.com
 
Vic said:
Laugh or cry?

John Stewart does his best.

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Absolutely brilliant dissection, more vivisection, of Trump, his ideas, his minions and the cult of personality that is destroying world markets.

Once the level of distrust in the belief that America would be a strong military ally going forward hit peak “douchebaggery,” Trump doubled down and told the world, “That’s nothing, watch this!” and overnight we became the worst trade partner in the world!

Too bad the Republicans in Congress are so scared shitless of being primaried by a Trumper to the Right of the Eight Wing nut jobs already sucking his dick, or this might be 25th Amendment type material!

He has invoked special emergency powers that were absolutely not needed and are supposed to be run by Congress, and he has wiped $6.6T off the wealth of the companies and poor Americans who were saving for their retirement…esp since he also wants to get rid of Social security and Medicare/Medicaid!
 
ChicagoBlue said:
Absolutely brilliant dissection, more vivisection, of Trump, his ideas, his minions and the cult of personality that is destroying world markets.

Once the level of distrust in the belief that America would be a strong military ally going forward hit peak “douchebaggery,” Trump doubled down and told the world, “That’s nothing, watch this!” and overnight we became the worst trade partner in the world!

Too bad the Republicans in Congress are so scared shitless of being primaried by a Trumper to the Right of the Eight Wing nut jobs already sucking his dick, or this might be 25th Amendment type material!

He has invoked special emergency powers that were absolutely not needed and are supposed to be run by Congress, and he has wiped $6.6T off the wealth of the companies and poor Americans who were saving for their retirement…esp since he also wants to get rid of Social security and Medicare/Medicaid!
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Agent Orange has made so many enemies I doubt he will be around much longer.
 
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