…Is apparently they’re illegal. This is from an article posted on BBC 15 minutes ago.
"A US federal court has ruled that President Donald Trump overstepped his authority by imposing global tariffs, in a major blow to a key part of his economic policies.
The Court of International Trade ruled that an emergency law invoked by the White House does not provide unilateral authority to impose tariffs on nearly every country.
The Manhattan-based court said the US Constitution gives Congress exclusive powers to regulate commerce with other nations and this is not superseded by the president’s remit to safeguard the economy."
Does this mean all of his tariffs get repealed?
EDIT: CNN has more info. “A three-judge panel at the US Court of International Trade, a relatively low-profile court in Manhattan, stopped Trump’s global tariffs that he imposed citing emergency economic powers, including the “Liberation Day” tariffs he announced on April 2. It also prevents Trump from enforcing his tariffs placed earlier this year against China, Mexico and Canada”
Apparently it was immediately appealed, and it may very well be overturned, but in the short term it sounds like the tariffs are coming down.
“The order halts Trump’s 30% tariffs on China, his 25% tariffs on some goods imported from Mexico and Canada, and the 10% universal tariffs on most goods coming into the United States.”
If anyone is thinking of placing an order anytime soon, I’d hold off until they drop.
It has been startling that so many US companies have made the world pay for the US prices increases due to tariffs by increasing prices across the board.
Large jewellery, footwear, console making companies among the many that have done so or say they are about to.
Sorry, but the term “exclusive” is by no means included in the Commerce Clause. Based on constitutional provisions empowering the president to appoint and receive ambassadors and conclude treaties with foreign powers, and on subsequent laws enacted by Congress, the modern presidency has primary responsibility for conducting U.S. foreign policy.
Furthermore; In United States v. Lopez(1995) the Supreme Court attempted to curtail Congress’s broad legislative mandate under the Commerce Clause by returning to a more conservative interpretation of the clause. The Supreme Court rejected the government’s argument, holding that Congress only has the power to regulate the channels of commerce, the instrumentalities of commerce, and action that substantially affects interstate commerce .
Just more chaos and uncertainty, wasted efforts, wasted money, wasted time.
Now the jet he begged Qatar to give him is “too big” and agriculture forecasts say the US will see a lot of crops rotting in fields. A melting glacier slammed into and flattened parts of a Swiss city and forecasts are for a record hot summer and more big hurricanes. The war he said would end “day 1” now threatens to involve other nations (including the US).
Goldilocks continues to wreak havoc on everything. But hey, we’re “great” again, aren’t we?