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What’s at stake for markets as the Supreme Court gets ready to hear Trump tariff arguments
“traffics are taxes…….Chief Justice John Roberts https://msnbc.com/the-last-word Lawrence O’Donnell’s The Last Word exposes the lies in this administration. American citizens are actually paying the tariffs, not the importing countries. No wonder food, housing, and everything else are getting much more expensive than that of the previous administration.
Just my opinion but if the supremes give regime a pass on his tax scheme they might as well call it GAME OVER for democracy, the rule of law and the constitution. Nothing left to do except to schedule the coronation and hand him his crown. But hey, doesn’t king sound somehow nicer than dictator?
i dont see scotus ruling much more than a loyalty test.
trump has several paths to implement tariffs, or effective equivalent. but all those options are binding and more serious, and trump will lose his ability to make daily tariff threats & changes based on bribes and ego.
in the case scotus rules against trump AND mandates tariffs refunded, trump will delay and grudgingly implement another option to retain the trump tariff tax. but can even this disrupt this market momentum? stupider economic policy has been unable to.
I predict that SCOTUS will adjust the circumstance such that they delay their ruling pending a change in logic and laws that the President's lawyers use as a reason for the tariffs. I'll go further. I expect a SCOTUS write up that clearly outlines what the conservatives want to see as an argument in order to let the tariffs stay put. In fact, they might practically write the argument for him.
i dont see scotus ruling much more than a loyalty test.
trump has several paths to implement tariffs, or effective equivalent. but all those options are binding and more serious, and trump will lose his ability to make daily tariff threats & changes based on bribes and ego.
in the case scotus rules against trump AND mandates tariffs refunded, trump will delay and grudgingly implement another option to retain the trump tariff tax. but can even this disrupt this market momentum? stupider economic policy has been unable to.
Does that eventuality then alienate a POTUS friendly SCOTUS, who doesn't take so kindly to becoming an irrelevancy? It only has to PO a couple justices to play havoc with this conservative majority.
Listened to Bloomberg Balance of Power show when they had on Cornell Law Professor. He said Alito and Thomas vote will vote in favor of tariffs - no discussion needed. Kavanaugh asked questions and made comments that he was 100% in favor of tariffs. While Barrett, Robert and Gorsuch were a little skeptical at first, in the last 15 minutes the Professor noted the change in tone and said it can go either way. That means 6-3 for President. Kavanaugh said that Foreign policy is dictated by President and using tariffs to stop oil trading with Russia worked. National Security, China - do you want USA to fail - 6-3 done deal.
While Solicitor General admitted that IEEPA powers would allow a future president to declare a climate emergency and heavily tax gas-powered cars, the Court will spend months crafting a limited opinion that says their opinion only applies in very specific limited cases.
Comments
trump has several paths to implement tariffs, or effective equivalent. but all those options are binding and more serious, and trump will lose his ability to make daily tariff threats & changes based on bribes and ego.
in the case scotus rules against trump AND mandates tariffs refunded, trump will delay and grudgingly implement another option to retain the trump tariff tax.
but can even this disrupt this market momentum? stupider economic policy has been unable to.
Maybe they don't mind being cucks?
How does the investment picture change - this is what is important for us.
https://yahoo.com/news/articles/really-anderson-cooper-stunned-being-035342698.html
While Solicitor General admitted that IEEPA powers would allow a future president to declare a climate emergency and heavily tax gas-powered cars, the Court will spend months crafting a limited opinion that says their opinion only applies in very specific limited cases.