Trump Tariffs
Let me get this straight.
If Trump is imposing 50% tariffs on imported steal and 25% tariffs on imported car parts, which will significantly raise the prices of cars made in America, while raising finished EU products imported into the United States by 15%, wouldn't be to the advantage of car makers to make their products in Europe?
Meanwhile lawsuits are winding their way through the American International Tarriff Court challenging Trump's claim to emergency powers to impose tariffs. Originally the lower courts had tried to stay Trump's tariff orders but SCOTUS, I think, allowed him to continue to collect the tariffs on the promise he would reimburse them if the courts finally rules against him
Now that would be interesting.
If Trump is imposing 50% tariffs on imported steal and 25% tariffs on imported car parts, which will significantly raise the prices of cars made in America, while raising finished EU products imported into the United States by 15%, wouldn't be to the advantage of car makers to make their products in Europe?
Meanwhile lawsuits are winding their way through the American International Tarriff Court challenging Trump's claim to emergency powers to impose tariffs. Originally the lower courts had tried to stay Trump's tariff orders but SCOTUS, I think, allowed him to continue to collect the tariffs on the promise he would reimburse them if the courts finally rules against him
Now that would be interesting.
Comments
With Trumps attitude towards the law they could be waiting a long time for the money if they did.
Just to point out he has not and would never tariff imported theft. In fact, he loves it and encourages it at every opportunity.
Trump does not understand tariffs. He makes this clear again and again. He still seems to think that the countries he imposes them on pay the tariffs, not - as everyone points out - the US consumer.
If challenged, of course, he says that people should just buy from the US. Ignoring the fact that, in most cases, the US no longer has the capability, to set it up would take decades and cost a fortune, the products would be more expensive therefore and probably of poorer quality, without the experience that other places have of producing them, and so would have only a US market, which is not big enough.
Of course, being so stupid he would be outsmarted by a squashed grape, he doesn't understand this even a little.
And anyone who points this out he accuses of being "un-American".
He thinks he is America. So anyone who disagrees with him is, of course, un-American in his eyes.
It might not make a difference as far as Trump is concerned. He appears to view court judgments as advisory, except when they affect people he doesn’t like.
Of course, even if the appeals court rules against Trump. he will go to SCOTUS--and if they rule against him, that will be a lot of sh-- hitting the fan.
How likely is that. From over here he seems to have a lot of friends in SCOTUS
Yup. Six, to be exact.