General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWill the Supreme Court bail out Trump regarding tariffs?
The biggest problem Trump faces is the tariff issue because it is raising prices on everything.
People are angry and upset.
But Trump cannot back down. He always doubles and triples down.
But if the SC rules against him Trump could blame them.
BeerBarrelPolka
(2,094 posts)Bok_Tukalo
(4,510 posts)Axing the tariffs will supercharge the economy.
Irish_Dem
(77,782 posts)Good point.
SC going to reduce the damn GOP.
Irish_Dem
(77,782 posts)Trump can take credit for the good economy.
617Blue
(2,139 posts)Irish_Dem
(77,782 posts)The stock market will go crazy happy with the tariff uncertainty.
And the CEOS will keep prices high.
The rat bastards win again.
bucolic_frolic
(53,228 posts)I have posted this in another thread.
Obama with ACA, Trump with immunity, GWB with executive power and the war on terror, Biden with DACA, and some Covid and voting rights cases.
I think Trump will win this case, SCOTUS ruling that Congress has delegated its tariff power with various laws.
The Reciprocal Trade Agreements Act of 1934 (RTAA)
Trade Expansion Act of 1962 Section 232
Trade Act of 1974
How anyone expects to get limits on presidential power already authorized in small parts over almost 100 years from THIS SCOTUS is beyond me.
6-3 or 7-2. We do have a pro-business Justice appointed by Obama.
OLDMDDEM
(2,910 posts)Irish_Dem
(77,782 posts)Irish_Dem
(77,782 posts)It's one thing to defer to of a sitting president.
It is an entirely different thing to go against rule of law, the US constitution, and common sense.
In addition taking a wrecking ball the US and the American people.
bucolic_frolic
(53,228 posts)work for the corporations. We would win some cases if that were not the case.
Irish_Dem
(77,782 posts)jonstl08
(518 posts)I think they will rule Trump cannot unilaterally impose tariffs. Only Congress can. But they will not make the government refund the money which leads to another issue. Since the companies already have factored the tariffs in their pricing now I do not see them lowering prices because their profit margin just increased without tariffs.
Irish_Dem
(77,782 posts)So stock market will love it.
CEOs love it because they will have reduced costs but will keep the higher prices.
Christmas prices are already set in stone.
That is what I think also.
Supreme Court is diabolical.
Irish_Dem
(77,782 posts)And saving Trump from himself.
jonstl08
(518 posts)They are giving a small lifeline to the GOP who hate tariffs. But consumers are not going to see a benefit since companies will not lower prices so the economy will still lag.