Trump Tariffs
- Thread starter dbmhoosier
- Start date
I see where Trump's tariff trade strategy was referred to as TACO Trade.
Trump Always Chickens Out.
He was not amused when a reporter asked him about the name.
Trump Always Chickens Out.
He was not amused when a reporter asked him about the name.
Trump and the GOP f#cked this one up. If you're going to be a populist, lowering taxes for 80% of society is a really good policy position. It also makes tariffs a lot more palpable.
Why would we want 80% paying no income tax? Why not lower income tax on the top 20% as well?
I would be fine with including everyone and lowering the threshold some to make up the difference. I just don't give a shit about the top 10% because they benefit the most from the current monetary system and they'll fine. Also, lowering the taxes for the bottom 80% is more likely to stimulate the economy. The GOP could have helped the middle/working class and secured a win in the mid terms. Instead they cut taxes for rich people in blue states, boomers, and servers.
This is hilarious.I see where Trump's tariff trade strategy was referred to as TACO Trade.
Trump Always Chickens Out.
He was not amused when a reporter asked him about the name.
Nothing gets under TACO Don‘s skin more than being ridiculed let alone by Wall Street, with its penchant for acerbic neologisms and acronyms.
Poor Don is now permanently carved in stone in the Wall Street Lexicon.
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Trump can mock the physically challenged, cruelly separate children from their parents, withhold billions from Harvard and California, intimidate cowardly Republicans and conservative law firms, move to Florida to spite liberal New York City, ignore the Supreme Court, but the one thing TACO Don simply cannot touch is the most conservative and truly American institution of all—Wall Street.
Savage.
And the ironic double whammy is the origin of tacos — Mexico.
Savage.
And the ironic double whammy is the origin of tacos — Mexico.
Unsurprising. There is no national emergency that authorized the President, any President, to implement these tariffs.
Good for the market, probably.
apple.news
Trump's sweeping global tariffs blocked by federal court — Axios
A federal court on Wednesday ruled President Trump does not have the authority under economic emergency legislation to impose sweeping global tariffs.
Good for the market, probably.
Trump's sweeping global tariffs blocked by federal court — Axios
A federal court on Wednesday ruled President Trump does not have the authority under economic emergency legislation to impose sweeping global tariffs.
Markets should rip higher tomorrow.
Reducing chaos and uncertainty is usually good for the market.
Exactly. Easy decision by the Court of International Trade. This was not a decision by some random district court judge.
Standby for a long, rambling, unhinged Truth Social / Twitter rant from the President tonight.
It really affects 40%, since 40% don't pay any taxes anyway.
I'll tell you what would make it more palatable for me - apply it to the deficit.
It's also interesting that appeals from the Court of International Trade are heard by the Court of Appeals for the Federal Circuit. The CAFC is best known for handling all appeals in patent litigation, trademark registration, International Trade Commission (often IP related), and some other obscure types of cases. I would not be at all surprised if the CAFC were to take the case en banc (decided by all 12 judges rather than a panel of 3). The CAFC has two Biden appointees and zero Trump appointees. However, it would be very difficult to pigeon-hole any of the CAFC judges as being liberal or conservative given the types of cases they normally handle.
As a side note, one CAFC judge, Pauline Newman, is 97 years old. She has been suspended by the CAFC itself based on her refusal to cooperate with an investigation as to whether she is cognitively impaired. It's an interesting case that is ongoing, with many claiming she is more than capable to continue serving. Nevertheless, she would not participate in any appeal of the tariff ruling.
United States Court of Appeals for the Federal Circuit - Wikipedia
Pauline Newman - Wikipedia
Lib v conservative in political terms is irrelevant here.It's also interesting that appeals from the Court of International Trade are heard by the Court of Appeals for the Federal Circuit. The CAFC is best known for handling all appeals in patent litigation, trademark registration, International Trade Commission (often IP related), and some other obscure types of cases. I would not be at all surprised if the CAFC were to take the case en banc (decided by all 12 judges rather than a panel of 3). The CAFC has two Biden appointees and zero Trump appointees. However, it would be very difficult to pigeon-hole any of the CAFC judges as being liberal or conservative given the types of cases they normally handle.
As a side note, one CAFC judge, Pauline Newman, is 97 years old. She has been suspended by the CAFC itself based on her refusal to cooperate with an investigation as to whether she is cognitively impaired. It's an interesting case that is ongoing, with many claiming she is more than capable to continue serving. Nevertheless, she would not participate in any appeal of the tariff ruling.
United States Court of Appeals for the Federal Circuit - Wikipedia
en.wikipedia.org
Pauline Newman - Wikipedia
Asshole Stephen Miller: “The judicial coup is out of control.”It's also interesting that appeals from the Court of International Trade are heard by the Court of Appeals for the Federal Circuit. The CAFC is best known for handling all appeals in patent litigation, trademark registration, International Trade Commission (often IP related), and some other obscure types of cases. I would not be at all surprised if the CAFC were to take the case en banc (decided by all 12 judges rather than a panel of 3). The CAFC has two Biden appointees and zero Trump appointees. However, it would be very difficult to pigeon-hole any of the CAFC judges as being liberal or conservative given the types of cases they normally handle.
As a side note, one CAFC judge, Pauline Newman, is 97 years old. She has been suspended by the CAFC itself based on her refusal to cooperate with an investigation as to whether she is cognitively impaired. It's an interesting case that is ongoing, with many claiming she is more than capable to continue serving. Nevertheless, she would not participate in any appeal of the tariff ruling.
United States Court of Appeals for the Federal Circuit - Wikipedia
Pauline Newman - Wikipedia
The three-judge panel that issued the opinion: a Reagan appointee, an Obama appointee and a Trump appointee.
More details. There are some tariffs that the President can impose:
apnews.com
Federal court blocks Trump from imposing sweeping tariffs under emergency powers law
A federal court is blocking President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law.
apnews.com
As in not take the case? No. As in under some legal standard of deference? Depends.
I was just thinking they might be less apt to take the case, barring any obvious mistakes. They don't have to be the last word on every damn thing. IIUC, this was a narrow case based on a strict application of the law. Unless they want to examine the law itself, what expertise can they bring above and beyond?
It becomes Trump's economy in 2026 when people vote during midterms. They can deflect for 6-12 months, which is politics.
You realize there's a difference between the economy and the stock market, right?
