I don't have a ton of "the court is wrong" opinions, but Article 1 section 8 of the Constitution flatly gives Congress the responsibility of regulating trade and imposing tariffs. The President just doesn't (shouldn't) have the authority to change rates. The executive needs to execute the will of the Legislative branch.
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US dollar in absolute freefall. Thursday is going to be a bloodbath when the market opens.
Pls 100% world wide tax.
I like to go straight to the "Find Out" phase.
👀
(Remember, when the great depression happens, its our duty to eliminate nazis)
Did he wait until late afternoon Apr 2nd?
He failed to do it "the day l'm elected."
He failed to do it the day he was sworn in.
He failed to do it, like 5 times from Jan - Mar.
He failed to do it Apr 1.
He failed to do business during business hours Apr 2nd.
This little baby just keeps failing and hiding.
Stop calling them reciprocal.
How to isolate your country:
Me, checking what the damage is: oh good, my European defence stocks went up 2 to 4 percent today while the American stocks are tanking, happy days!
Me, after thinking on it a bit longer: oh God, my European defence stocks went up while the world economy is taking a hit, better get ready for whatever's coming
Fuck Cambodia specifically. Trump probably got a bad VD from there at some point.
The horrible cruelty regarding Cambodia is that the reason they have such a high trade deficit is that most Cambodians are too poor to be able to begin to afford anything that America has to offer.
It's one of the poorest countries in Asia, they could cut their tariffs to 0% and the net effect would be less than the measurable rounding error on total American exports.
Trump is going to tank the economy of an already poverty-stricken country and plunge it into exactly the kind of instability that destroyed it once already just because "fuck you, give me more".
Been browsing the conservative subreddit this morning just to see what they all are thinking. There is a surprising number of "This is a terrible idea" comments but its also funny seeing a whole bunch of republicans who now suddenly like higher taxes, inflation and stock crashes.
Bro just crashed the market with a printed out excel sheet.
I don't think these are reciprocal. I think these are unilateral, and when countries respond, their tariffs will be reciprocal. The distinction is very important. This is a problem created by Trump, not by other countries. You don't get to choose false language to describe it that shifts the blame.
I don't know what the actual reasoning is but the 49/46% on Cambodia and Vietnam sounds an awful lot like how we still embargo Cuba like decades after failing to overthrow Castro.
Tarrifs are a Trump Tax on ordinary Americans so they can give tax breaks to billionaires.
I swear that if we could just all ignore him unless he does nice things, we'll make him stop. The tariffs are not his plan. That's someone else pulling the strings. He just likes the attention. Giving a malignant narcissist any kind of supply is just going to make him worse. His fans already treat him like the messiah.
Gray rock the shit out of him. Remove his name from the internet, hack Fox news - take it all down, and only give it back when he behaves like a good boy.
The guy is really playing economic Russian roulette. This can consequently go terrible wrong for the US.
Like playing ruzzian roulette with a full clip.
Putin's bitch trying to further destabilize the world for daddy.
And crashed the market more!
Trump clearly has some feelings about Vietnam. He used his “bone spurs” excuse to avoid being sent over there back in the day. Lmao
What a pussy