Court says Trump doesn't have the authority to set tariffs

Discussion in 'Wall St. News' started by christhesquid, May 28, 2025 at 7:29 PM.

  1. cesfx

    cesfx

    It is both!
     
    maxinger and spy like this.
  2. volpri

    volpri

    All of your joy will turn to weeping and howling when this gets overthrown. LOL.
     
  3. Ignore bullshit1 he does not know how hte constitution works....
     
    DarkerthanDarc likes this.
  4. VicBee

    VicBee

    Despite some wishes, the US is still a democracy. Until now, wanabe El Duce has been ruling by presidential decree, allowing him to forge ahead with his plans. However slow the wheels of justice are, they eventually caught up to remind him that he must operate within an existing legal framework, in this case Congress gets to decide if and when tariffs are applicable and to whom. It's going to be lots of fun to watch Congress people having to show their true colors.

    Is this over? Nah, the fascists will scream travesty of the popular vote blah, blah .. (as if previously elected presidents weren't themselves constrained by the Law) and Trump will appeal to the Supreme Court, which will very likely dismiss the appeal.
     
    Picaso and semperfrosty like this.
  5. And smoke screens.
     
    Pricechange and Picaso like this.
  6. S2007S

    S2007S

    The ruling, if it stands, blows a giant hole through Trump's strategy to use steep tariffs to wring concessions from trading partners. It creates deep uncertainty around multiple simultaneous negotiations with the European Union, China and many other countries.
    However, analysts at Goldman Sachs noted the order does not block sector-specific levies and there were other legal avenues for Trump to impose across-the-board and country-specific tariffs.



    https://www.reuters.com/world/us/us-court-blocks-trumps-liberation-day-tariffs-2025-05-28/
     
  7. newwurldmn

    newwurldmn

    Is todays market rally a Trump rally or a Biden rally?

    Enquiring minds want to know.
     
    Picaso likes this.
  8. newwurldmn

    newwurldmn

    the Constitution is an obsolete document. The mandate in November was to give Trump absolute power and to enrichen his family via graft.