Supreme Court ruling was against tariffs under IEEPA. He is still able to use industry specific tariffs under Trade Expansion Act, that’s how tariffs on Canadian auto, lumber, steel, aluminum sectors continue dispute Supreme Court ruling
is it then not possible for him to circumvent the ruling entirely by simply taxing the industries that account for like 99% of the trade with a given country? like it probably wouldn’t be possible to list all the industries but surely listing 10 most popular ones would essentially equate to a blanket tariff
Not quite. The industry specific tariffs are not a free workaround for blanket tariffs. Each sector tariff needs its own legal basis, investigation and justification, often tied to national security or trade remedy rules. If the government just picked the top industries to recreate a country wide tariff, courts could treat that as pretext or abuse of authority. So “10 big industries = basically blanket tariff” may be economically similar but legally it is not the same thing
The car manufacturers will charge the customer any tariffs and then when they sue to get there money back they will not only keep the price at the higher level butv will then get the tariff money back. Same thing the last lawsuit did.
Did he forget about that lawsuit he lost where his tariffs were determined to be illegal?
Who am I kidding? He doesn’t give a shit.
Supreme Court ruling was against tariffs under IEEPA. He is still able to use industry specific tariffs under Trade Expansion Act, that’s how tariffs on Canadian auto, lumber, steel, aluminum sectors continue dispute Supreme Court ruling
is it then not possible for him to circumvent the ruling entirely by simply taxing the industries that account for like 99% of the trade with a given country? like it probably wouldn’t be possible to list all the industries but surely listing 10 most popular ones would essentially equate to a blanket tariff
Not quite. The industry specific tariffs are not a free workaround for blanket tariffs. Each sector tariff needs its own legal basis, investigation and justification, often tied to national security or trade remedy rules. If the government just picked the top industries to recreate a country wide tariff, courts could treat that as pretext or abuse of authority. So “10 big industries = basically blanket tariff” may be economically similar but legally it is not the same thing
It’s effectively a bailout with extra steps
Huh?
The car manufacturers will charge the customer any tariffs and then when they sue to get there money back they will not only keep the price at the higher level butv will then get the tariff money back. Same thing the last lawsuit did.
Except this one is ongoing, and a bailout is generally once.
Gotcha. Sorry, I’m really tired.
I heard he gives shits all the time. Everyone’s saying it.