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? 

[OlDawg]

Need to remember:

Good policy takes a while to show benefits. Bad policy shows up almost immediately.

That’s why I’ve given time on the tariff situation. But, it’s to the point where businesses need more final clarity. Most of the clients I worked for had at least a 5 year plan for engineering projects. This is too much turmoil for them to make major investment decisions. It affects not only engineers, construction, equipment suppliers & other vendors, but also the support businesses like restaurants, safety equipment suppliers, even lodging, etc. Pretty sizable chunk of the economy.

I’d expect a builder who also wants to expand our infrastructure, and wants to ‘drill baby drill’, would know this and enact policy accordingly. People sure aren’t going to invest in Venezuela when they don’t even know what’s going on here.

[DCT]

9 hours ago, Reagan said:

Where is the tariff inflation that was supposed to happen?

 

[TheMissingBand]

7 hours ago, OlDawg said:

Need to remember:

Good policy takes a while to show benefits. Bad policy shows up almost immediately.

That’s why I’ve given time on the tariff situation. But, it’s to the point where businesses need more final clarity. Most of the clients I worked for had at least a 5 year plan for engineering projects. This is too much turmoil for them to make major investment decisions. It affects not only engineers, construction, equipment suppliers & other vendors, but also the support businesses like restaurants, safety equipment suppliers, even lodging, etc. Pretty sizable chunk of the economy.

I’d expect a builder who also wants to expand our infrastructure, and wants to ‘drill baby drill’, would know this and enact policy accordingly. People sure aren’t going to invest in Venezuela when they don’t even know what’s going on here.

Well said. 
 

But when the oil companies didn’t  pledge to invest down there immediately, Trump promised to punish them. 
 

 

[TheMissingBand]

Here’s my honest opinion.  I think that the left said some things about Trump early on that sounded ludicrous. Exaggerated, fear-mongering, etc… then you had lifelong conservatives like myself that started saying… hold on a minute, this isn’t just bluster, I think this guy really thinks he can stay in power as long as he wants-genuine dictator vibes. 
 

And today during his tantrum he says “I can destroy any country that I want.” Is that how you all feel? A President has enough power at his disposal and discretion that he can just “destroy any country” that he wants?

 

It’s okay to admit that this guy is a bad fit for the job. We made a mistake. It’s okay to say it. 

[TheMissingBand]

I guess I’m disappointed in guys like TVC. He’s spent way more time studying opinions given by various courts (including the Supreme Court) than I’ll ever spend. He analyzes, understands, and can explain his opinion of the issues in a way that’s understandable. But when you have the president attacking the judiciary THAT HE APPOINTED, accusing them of being biased, unpatriotic, under foreign influence, just because they interpreted the law in a way that restrains him from using powers to which he’s not constitutionally entitled… in a manner in which a President has never behaved before, quite frankly because it’s childish, not presidential.  But there’s no condemnation if trumps behavior from the right. 
 

People are silent because Trump is their guy. That’s the problem with America today. When good people decide that wrong isn’t really wrong because the guy doing it is on “their side,” we all lose. 

[Boyz N Da Hood]

40 minutes ago, TheMissingBand said:

Here’s my honest opinion.  I think that the left said some things about Trump early on that sounded ludicrous. Exaggerated, fear-mongering, etc… then you had lifelong conservatives like myself that started saying… hold on a minute, this isn’t just bluster, I think this guy really thinks he can stay in power as long as he wants-genuine dictator vibes. 
 

And today during his tantrum he says “I can destroy any country that I want.” Is that how you all feel? A President has enough power at his disposal and discretion that he can just “destroy any country” that he wants?

 

It’s okay to admit that this guy is a bad fit for the job. We made a mistake. It’s okay to say it. 

Its always the same ol same

"Lesser of the 2 evils"

"Look at the alternative"

I personally was ok with DeSantis, he was smeared by his own base when ppl thought he would throw his hat in the ring.. wont be long they'll praise him if he gets the nominee.. R's got 9 months. Ppl vote with their pocketbooks, nothing has changed in year 1

[baddog]

16 hours ago, baddog said:

Hypocrites…..

Google search:

 

President Biden maintained most of the trade tariffs on Chinese goods initiated during the Trump administration, even increasing duties on items like electric vehicles and semiconductors

. Former Speaker Nancy Pelosi previously advocated for using tariffs to counter China's market influence, despite criticizing specific, broader tariff implementations. 

Representative Nancy Pelosi | (.gov) +3

Key Details on Tariff Policies

• Biden Administration: President Biden left many of the 2018-2019 China tariffs in place to protect U.S. industries and address unfair trade practices. His administration further increased duties on, among other things, solar cells, aluminum, steel, and, most notably, quadrupled tariffs on electric vehicles.
• Nancy Pelosi: While Pelosi criticized the Trump administration's "chaotic" approach to tariffs as a "self-inflicted disaster" that harmed consumers, she previously supported targeted, "smart" tariffs to address unfair trade practices, particularly regarding China.
• Contextual Shift: Critics and observers noted that some Democrats, including Pelosi, historically advocated for reciprocal trade measures against China, which mirrors the protectionist rhetoric later heavily utilized by the Trump administration. 
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While Biden and Pelosi often criticized the methods of the previous administration's trade policy, they did not remove the majority of the protective trade barriers

What gives?

[OlDawg]

2 hours ago, TheMissingBand said:

But when the oil companies didn’t  pledge to invest down there immediately, Trump promised to punish them. 
 

 

No he didn’t. He offered incentives for investing—not punishment. Now, you’re just making stuff up to fit a narrative.

Also, remember what I said about good policy vs. bad policy. The previous Administration’s policies stunk. It showed up immediately with over 9% inflation. Unreal.

The current Administration has lowered that inflation number down significantly to a manageable rate. Question is, with the new policy fluctuations again, will they begin creeping up, or will they maintain a 2.4-2.6?

The new Fed Chair will have a bearing since the benchmark interest rate should be around 3.5 right now at the high end.

Either way, we need stability for investments. Promises are good. Actual tangible infrastructure investments are better. The deregulation will play a big part moving forward.