SCOTUS Rules Against Trump Administration IEEPA Tariffs

[TheMissingBand]

30 minutes ago, baddog said:

On the earlier tariff thread, you seemed to be very against them. Have you changed your tune? Of course I could have you mixed up with CB. 😂

Tariffs have a place… but understand that it takes careful thought and planning to effectively administer them, fully understanding all of the potential outcomes. 
 

BUT, if you put a unilateral tariff on a foreign country from which your citizens seek to purchase goods, you’re simply forcing your own citizens to pay more for the things that they want and need.  Secondly, your tariffs WILL result in a reciprocation from your target, quite simply put, they’ll stick one right back on the things we’re trying to sell to them, tamping down demand for the products that we export. 
 

It’s not a surprise to people that understand micro and macro economics that our trade deficit last year was the third highest ever recorded. The tariffs raised the cost of imported goods that Americans wanted, while simultaneously chilling the demand for American products abroad because other countries simply slapped tariffs on goods we’d like to export. 
 

It’s not a secret that the last president who took us down the tariff rabbit hole was named Herbert Hoover. 
 

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[TheMissingBand]

4 minutes ago, OlDawg said:

Now, it will be August—at the earliest—before businesses can make longer term plans.

If POTUS wants an economic boom, keeping businesses from planning isn’t the way to do it.

These will be the most bogus USTR investigations in history. I’m taking bets they’ll be completed within 149 days.

Bingo.  
 

On a side note, I appreciate your approach. There  are several people here who can’t stand Trump or pretty much anything that he does, but on the other hand there are several who support anything Trump does, whether it’s illegal, immoral, stupid, or just plain wrong… they support it. 
 

I don’t like him, but I only complain when he’s wrong. Unfortunately, he’s wrong most of the time in my opinion.   But good for you for just stating the obvious. 

[OlDawg]

18 minutes ago, TheMissingBand said:

Bingo.  
 

On a side note, I appreciate your approach. There  are several people here who can’t stand Trump or pretty much anything that he does, but on the other hand there are several who support anything Trump does, whether it’s illegal, immoral, stupid, or just plain wrong… they support it. 
 

I don’t like him, but I only complain when he’s wrong. Unfortunately, he’s wrong most of the time in my opinion.   But good for you for just stating the obvious. 

My approach is based on policy. Nothing more. Nothing less.

As @UT alum has noted, I am a fiscally conservative libertarian…the most dispassionate of the political affiliations.

[Reagan]

25 minutes ago, TheMissingBand said:

Tariffs have a place… but understand that it takes careful thought and planning to effectively administer them, fully understanding all of the potential outcomes. 
 

BUT, if you put a unilateral tariff on a foreign country from which your citizens seek to purchase goods, you’re simply forcing your own citizens to pay more for the things that they want and need.  Secondly, your tariffs WILL result in a reciprocation from your target, quite simply put, they’ll stick one right back on the things we’re trying to sell to them, tamping down demand for the products that we export. 
 

It’s not a surprise to people that understand micro and macro economics that our trade deficit last year was the third highest ever recorded. The tariffs raised the cost of imported goods that Americans wanted, while simultaneously chilling the demand for American products abroad because other countries simply slapped tariffs on goods we’d like to export. 
 

It’s not a secret that the last president who took us down the tariff rabbit hole was named Herbert Hoover. 
 

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Where is the tariff inflation that was supposed to happen?

[TheMissingBand]

16 minutes ago, Reagan said:

Where is the tariff inflation that was supposed to happen?

Everywhere. Go to a car dealership.  The grocery store. Any restaurant. 
 

You can’t rely on the government statistics anymore since posting numbers that don’t fit Trump’s narrative will get you fired. 
 

Here’s the thing. Year to year (1/25 to 1/26) is a modest 2.4%… not good, but not bad. UNFORTUNATELY, Pedodent Trump promised that he’d bring prices back down “on day one.”  A better question is why have prices done everything except come back down, and more importantly, is it your opinion that he lied, or that he’s failed, in your opinion?