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Tit for Tat Tariffs - The US versus the World
- Thread starter essentialsaltes
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Pommer
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If I was only allowed to punch Jimmy in the face on Tuesdays, Tuesdays would be a tough time for Jimmy.
(Whatever lever of power needs to be pulled to get what the President wants is going to be pulled. It’s 2026; it’s not “too late” but we’re at the door.)
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- Jan 29, 2010
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There are many ways for Trump to impose tariffs without Congressional approval. Due to staff incompetency, the April tariffs were largely illegal.
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Pommer
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linkie axed
If ”National Security” were a cloth, it’d stretch to the moon.
Trump’s no dummy.
If it’s “alright” until SCOTUS says “no”, he can do that his whole term, if he wants.
He‘s allowed to do that under the rules he’s operating under, so he does.
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- Apr 14, 2003
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We are not at war with the European Union, so how is it a matter of national secuirty? Besides, what do cars and trucks have to do with naitonal security?
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SimplyMe
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The cars and trucks can be explained by the idea (that doesn't really work with European cars and trucks) that we need those factories so, if we get dragged into a war, we can convert the automobile factories into tank and aircraft factories -- like we did in WWII. It is a bad argument, since the specialization of current assembly lines, to include the robots, would make it largely impossible to use them as we did in WWII; but that is still the idea and the claim of how it is "national security."
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- Apr 14, 2003
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Trump does not seem to understand that a tariff is a tax and that the Constitution gives the power of taxation to Congress, not to the President. Any delegation of that power must be carefully limited. In the words of President Dwight Eisenhower, Article 1 of the Constitution deals with Congress and Article 2 is the President. Congress comes before the President, and that is not a coincidence.
Aside from the question of legality, there is the matter of practicality. Entreprneurs, including corporations, like certainlty, stability. To make decisions about the future, they need to have some idea of what the tax structure will be next year. Trump's notion of imposing and lifting tariffs, a tax, on Mondays, Wednesdays and Fridays can only lead to total paralysis of business decisions.
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Tariffs have had a truly awful effect on our corporations and businesses, The Stock Market has certainly tanked since April as predicted by Democrats. The tariffs have caused a near recession.
Oops, I am reading some old stuff. Actually, the stock market has continued to set records almost every day. As of yesterday, the S&P 500 and NASDAC were at all-time records highs.
Tariffs are not crippling to businesses. Not being able to deal with them is indeed hurtful.
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- Oct 17, 2011
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There were certainly some long stretches of non record setting.
While they are, you can see the dips caused by Trump's tariff actions and Iran excursion. Without those dips, they'd be still higher.
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What you seem to be saying is that almost all of Trump's policies and actions have been extremely positive for the economy.
If the stock market is currently setting records almost every day, then the policies other than tariffs and war must be true extraordinarily good.
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- Oct 17, 2011
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Dips are not extremely positive. You are wrong about what I'm saying.
The stock market is expected to realize gains over time. Trump's dips were unwelcome deviations from that.
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US Lowers Tariffs on Farm, Industrial Equipment as Costs Soar
The White House announced it will reduce tariffs on imported farm and construction equipment such as harvesters and forklifts, an effort to boost the industrial economy and provide relief for American farmers.Wait, that can't be right, can it?
Lowering tariffs results in lower prices on products and increased investment within the United States?!?
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'Not normal business': Judge orders Trump officials to explain tariff refund holdup
finance.yahoo.com
In a brusque May 27 filing, Judge Richard Eaton of the US Court of International Trade ordered a Trump official to appear next week to answer questions about the administration’s "compliance with the court's order."
The Trump administration has pushed back in its own filings and contested the required appearance by US Customs and Border Protection chief Rodney Scott, while also signaling it is likely to appeal Eaton’s contention that "all importers of record'' are entitled to refunds.
"That's not normal business," Erik Smithweiss, a partner focused on trade issues at the firm of GDLSK, said, noting that it’s unusual for a judge to order a specific official to appear.
Compromise is possible on some of the specific policy disputes, he added, but "Judge Eaton seems to be perturbed by all of this and perhaps rightfully so."
more @ link
'Not normal business': Judge orders Trump officials to explain tariff refund holdup
Tens of billions of dollars in tariff refunds have already gone out the door, but the Trump administration and the nation's top trade court are locked in a standoff over issues like the progress of the program and whether future payouts can be limited.
finance.yahoo.com
In a brusque May 27 filing, Judge Richard Eaton of the US Court of International Trade ordered a Trump official to appear next week to answer questions about the administration’s "compliance with the court's order."
The Trump administration has pushed back in its own filings and contested the required appearance by US Customs and Border Protection chief Rodney Scott, while also signaling it is likely to appeal Eaton’s contention that "all importers of record'' are entitled to refunds.
"That's not normal business," Erik Smithweiss, a partner focused on trade issues at the firm of GDLSK, said, noting that it’s unusual for a judge to order a specific official to appear.
Compromise is possible on some of the specific policy disputes, he added, but "Judge Eaton seems to be perturbed by all of this and perhaps rightfully so."
more @ link
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Nithavela
you're in charge you can do it just get louis
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Don't worry, there are new tariffs to balance out the removal of the old tariffs.
US says it plans extra tariffs of 10% or more for most trading partners after forced labor probe
The U.S. Trade Representative says the Trump administration is proposing tariffs of 10% or more for dozens of major trading partners following a probe into alleged forced labor.
apnews.com
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