CAN-USA Tariff Strife (split from various pol threads)
- Thread starter Remius
- Start date
IEEPA was what Trump felt was most
Immediately at hand and least constrained. It’s now been confirmed that he acted illegally. Any further actions he takes will be more constrained, and less able to be perpetuated indefinitely and unilaterally.
He has been talking for months about how much trouble the country is in if SCOTUS decides the way it decided today. So, he at least doesn’t seem to find it minor.
What SCOTUS did not resolve today is the repayment of hundreds of billions of dollars in tariffs that were illegally collected. A lot of businesses will have lawsuits ready to file Monday (if not today) on that issue. The U.S. government potentially faces hundreds of billions of liabilities in treating taxes that they never should have collected from Americans. That will be a mess.
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COSTCO already has lawsuits ongoing with this.
QV
Army.ca Veteran
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Sure. Meanwhile:
As one Canadian business executive just pointed out on CBC News Network, Trump's so-called "fentanyl" tariffs — the ones that apply to Canadian steel, aluminum and auto parts — are still in place.
"I think there will be an inclination to sort of claim victory here for those who felt that the IEEPA tariffs were unjust, but the reality for business is going to be that we're not seeing the end of this never-ending tariff story," said Matthew Holmes, the executive vice-president and chief of public policy at the Canadian Chamber of Commerce.
"We're going to see continued tariffs, we're going to see this administration continue to pursue that goal," said Holmes. "This ruling does not apply to those [Section 232] tariffs at all."
Like I said...recommend against mass celebrations.
As one Canadian business executive just pointed out on CBC News Network, Trump's so-called "fentanyl" tariffs — the ones that apply to Canadian steel, aluminum and auto parts — are still in place.
"I think there will be an inclination to sort of claim victory here for those who felt that the IEEPA tariffs were unjust, but the reality for business is going to be that we're not seeing the end of this never-ending tariff story," said Matthew Holmes, the executive vice-president and chief of public policy at the Canadian Chamber of Commerce.
"We're going to see continued tariffs, we're going to see this administration continue to pursue that goal," said Holmes. "This ruling does not apply to those [Section 232] tariffs at all."
Like I said...recommend against mass celebrations.
Instant View: Stocks jump after US Supreme Court rejects Trump's tariffs
Stock markets in the United States and Europe jumped on Friday after the Supreme Court struck down U.S. President Donald Trump's tariffs, a key pillar of the adminstration's economic platform.
www.reuters.com
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A win. Almost all of the legal tea-leaf readers were correct.
Like prior administrations, this one may try to find other excuses (powers) for what it wants to do and carry on while those are litigated. If this one (IEEPA) was chosen because they figured it was their best shot, the likelihood of other gambits succeeding should be a series of rapidly diminishing numbers.
Like prior administrations, this one may try to find other excuses (powers) for what it wants to do and carry on while those are litigated. If this one (IEEPA) was chosen because they figured it was their best shot, the likelihood of other gambits succeeding should be a series of rapidly diminishing numbers.
There are portions of the decision today beginning to get noted and commented on that paint a picture of the current court being skeptical of the president’s purported tariff powers overall. Taxing Americans is a congressional power for a reason.
We’ll almost certainly see him try to act illegally again using other tariff sections, but there’s a clear path to challenge any subsequent less fully baked efforts in court.
