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Tariffs in the second Trump Administration [SPLIT]

Increasingly, one of the reasons why I think the SC is dodging issuing their decision on Tariffs is because of the US debt.

The US dollar is only as strong as it is because it is based on the ability of government to tax its citizens now that it is no longer on the gold standard.

They know that TrumpCo.'s tariffs are only a sham to cover over the shift from income tax to consumer tax with the complicity of Congress, who know they couldn't do this through legislation
without the voters tossing them out.

They also know that the 'trillions' in 'investments' that TrumpCo. has been strong-arming from other countries is an agreement to continue to buy up US treasury debt.

Rule against Trump and the house of cards collapses.

So. What to do? What to do?

How to paper over this?

I think the hope has been that Congress would move to formalize the Trump tariffs through some act of legislation that would permit the Executive freedom to impose tariffs for any reason.

But I don't think that the majority exists in Congress to get this done.
 
It was only a matter of time:

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The US is now purely a MAFIA state, unworthy of the trust of its NATO allies and partners.

Again, since it is the US consumer paying the tariffs, why does anyone give a fuck?

And at this point, I have to say that Canada likely has no faith or interest in the Golden Dome protection because our greatest threat is from the US itself.
 
Get ready for the markets tomorrow. Trump and his buddies must want to cash in again.

I heard Carney say something in his speech about bigger powers weaponizing economics to destroy middle powers? I think this is what he was talking about.

Once again, Canada already has a lot of trade with China. This deal was about EVs, steel and agriculture to undo the US led
100% tariffs on EVs that led to the counter tariffs originally.

This is why elbows up. And Canadians not wanting to purchase US goods or services any more.

Trump and the US don't get to strip our sovereignty by forcing his bad trade deals on us.

This shit is exausting, insulting and appalling, to paraphrase Keir Starmer.

im.jpg
 
Would this wheeze work? It's from a YouTube comment today.

Let him impose 100% tariffs on Canada. In return, Canada can not only impose the same duties on anything being transhipped from the USA across Canadian territories to Alaska, but also on anything being shipped back. Let's also include passengers in cars..say a $250 a head" transit tax" for any USA vehicle entering Alaska from Canada and vice versa? This has the added benefit of being simple and easy to collect. You don't want to pay, you don't cross the border. Turn around and find another way.
Click to expand...

It seems reasonable on the face of it. Ships pay a fee to pass through the Suez and Panama canals, so why not? Or is some kind of charge being levied already?
 
Canada is trying not to punish its own taxpayers and consumers with tariffs. Although with a 100% tariff, it is possible that the HST could be revised downward to offset the
pain.

The last time around, most provinces just removed US spirits and wines, which has pounded suppliers and helped bankrupt bourbon distillers in red states. We also massivley shifted consumption of produce and foods to only those produced in non-US countries.

And we also have cost the US billions by simply not travelling across the border. This latest threat will suppress travel even more and the ac tual imposition of 100% tariffs would likely mean the end to Canadians spending travel dollars in the US.

What would happen though is that Canada and Mexico, and Canada and MERCUSA would cut out the US even more, as we have already done on a number of products, including automobiles by trading directly. We are also meeting this week to broaden and strengthen our bilateral trade ahead of the expected failure of CMUSA negotiations. As well, Canada will just shift even more trade to Europe and Asia.

What TrumpCo. is most furious about is that Canada is demonstrating that we and other middle powers do not exist because of the United States. That Canada has autonomy and agency. The Reagan/Mulroney era dream of Canada, the US and Mexico as an integrated economy for the benefit of producers and consumers is dead. And it won't likely ever come back.

Carney's stark message in Davos this past week was a warning to Europe, Great Britain and other middle power countries who have been desperately trying to appease Trump the Tyrant...or even other powers like China. If you aren't at the table, you are on the menu. And there is no appeasing tyrants.
 
The foot dragging by the Supreme Court is ominous because it likely indicates that the Roberts court conservatives are split and trying to find ways to bend the constitution into a pretzel to allow Trump's Quixotic approach to levying tariff to continue. Trump is not helping his own case these days which must be making his most ardent dirty pocket pussy jurists squirm. I don't usually read or repost Alternet hyperbole, but this time, the discussion they are reporting is spot on. Trump now keeps saying the quiet part out loud, repeatedly making it clear that the taxes he is imposing on the US consumer are not based in any 'emergency' but on what latest slight his own syphillitic brain translates into personal vengeance.

www.alternet.org

Trump is 'wrapped in his own delusion' on economic retaliation tactics: analyst

This week, the U.S. Supreme Court is expected to respond to President Donald Trump's claim that a national emergency justified his drastic tariff moves. However, the Constitution allocates tariff-regulation power to Congress, not the presidency.The New Republic's Greg Sargent spoke with MS NOW's...
www.alternet.org www.alternet.org
 
rareboy said:
Canada is trying not to punish its own taxpayers and consumers with tariffs. Although with a 100% tariff, it is possible that the HST could be revised downward to offset the
pain.

The last time around, most provinces just removed US spirits and wines, which has pounded suppliers and helped bankrupt bourbon distillers in red states. We also massivley shifted consumption of produce and foods to only those produced in non-US countries.

And we also have cost the US billions by simply not travelling across the border. This latest threat will suppress travel even more and the ac tual imposition of 100% tariffs would likely mean the end to Canadians spending travel dollars in the US.

What would happen though is that Canada and Mexico, and Canada and MERCUSA would cut out the US even more, as we have already done on a number of products, including automobiles by trading directly. We are also meeting this week to broaden and strengthen our bilateral trade ahead of the expected failure of CMUSA negotiations. As well, Canada will just shift even more trade to Europe and Asia.

What TrumpCo. is most furious about is that Canada is demonstrating that we and other middle powers do not exist because of the United States. That Canada has autonomy and agency. The Reagan/Mulroney era dream of Canada, the US and Mexico as an integrated economy for the benefit of producers and consumers is dead. And it won't likely ever come back.

Carney's stark message in Davos this past week was a warning to Europe, Great Britain and other middle power countries who have been desperately trying to appease Trump the Tyrant...or even other powers like China. If you aren't at the table, you are on the menu. And there is no appeasing tyrants.
Click to expand...
See the Canada thread...the feds are looking to rebate GST to offset increased grocery costs...a number of which are driven by tariffs.
 
In the past 10 days, Trump has...
  1. Threatened a 200% tariff against France,
  2. Threatened a 100% tariff against Canada,
  3. Threatened a 25% tariff against Finland, Netherlands, France, Germany and the UK,
  4. Threatened a 25% tariff against South Korea.

While waiting for the Supreme Court to come to its senses, perhaps it's time to talk 25th Amendment?
 
Not just a threat.

I suspect the Korean legislature has been delaying as long as possible for the SC decision.

Again, all this raising their tariffs to 25% does is add taxes for the US consumer...and more importantly, it blows yet another hole in
the 'emergency measures' that Trump has been using to originally justify his tariffs on Canada, China and Mexico because of 'fentanyl'.

Does anyone even remember that fake pretext any more?

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fallsguy said:
Supreme Court strikes down most of Trump's tariffs in a major blow to the president (NBC News; February 20, 2026)

(y)(y)
View attachment 3542083
Click to expand...
Probably the bigger news is that three justices don't understand our Constitution. "Justices Clarence Thomas, Brett Kavanaugh and Samuel Alito dissented."

So, does this mean that we're not getting that tariff rebate check that Trump promised us? :ROFLMAO: 🤥
Companies that had to pay the tariffs may be able to seek a refund from the Treasury Department. Hundreds have already sued.
Click to expand...
 
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This is a staggering blow to TrumpCo:

  1. It demonstrates the Tariffs were not needed and that they were arbitrary and inconsistent with the enabling legislation some of them, like the 'fentanyl' tarriff on Canada were ridiculous and nakedly enacted under a false pretext.
  2. It upends the shift from income tax on the corporations to a consumption tax on the end consumer.
  3. It is a demonstration that even with a complicit court, there are consitutional limits to Trump's imagined powers. This will shudder all the way through other decisions he's made and Executive Orders issued,
  4. It is a huge blow to his ego...he has been using tariffs as a signal of just what a big powerful strongman he is. The bullying is now ended and the 'deals' he made to force the rest of the world to buy US debt are null and void.
  5. It undercuts Nutlick and the other wizards who have been pushing these tariffs as ways of forcing unfair trade deals with other countries. Their influence will likely wane greatly now.

I am sure all kinds of people will be running around with their hair on fire in Trumpland today with stories about how terrible the impacts will be, but I am going to enjoy the win.
 
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unloadonme said:
The view from across the pond:

www.bbc.co.uk

Tariffs ruling is major blow to Trump's second-term agenda

The Supreme Court has weakened Trump's hand in dealing with other nations, writes Anthony Zurcher.
www.bbc.co.uk www.bbc.co.uk
Click to expand...
It is a total disaster for him and his regime. He relied on weaponizing trade.

And I understand the reaction was nuclear.

CNN’s Kristen Holmes reported that Trump’s breakfast with most of America’s governors went completely off the rails when the news that the Supreme Court had struck down Trump’s tariffs hit, leading to a furious tantrum from the President:

“We still have no official reaction from the White House or President Trump. We are waiting. I am told that they are meeting and discussing how they are going to respond,”

“But we have learned more about what happened in the room when President Trump was with those governors and he learned of the Supreme Court decision. Apparently, breakfast had been going well. They were working together. And then President Trump became enraged. He started ranting about the decision, not only calling it a disgrace, but started attacking the courts, at one point saying, ‘these effing courts.’”

“This could not be a bigger loss for President Trump. Not only is so much of his economic agenda based on these tariffs, so much of his foreign policy is based on these tariffs. He has touted them as the most important part of the economic agenda. So clearly a huge loss and he recognizes that today.”

It must have been glorious to witness.
 
KaraBulut said:
Probably the bigger news is that three justices don't understand our Constitution. "Justices Clarence Thomas, Brett Kavanaugh and Samuel Alito dissented."
Click to expand...

Well they are interpreting the law in question as what those words mean and if I had the opportunity I would enjoy being locked in a room with Justice Kavanaugh and Justice Barrett and let them duke it out as one (Barrett) said the law’s language clearly does not allow Trump to use it as he has and the other says it certainly does. And to think english is the native language of both.
 
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