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Friday 10-12.5% permanent tariffs were put in to replace the 10% stop gap ones

Posted on 7/26/26 at 6:04 am
Posted by trinidadtiger
Member since Jun 2017
20557 posts
Posted on 7/26/26 at 6:04 am

The original targeted approach to address, countries, industries who were taking advantage of us was a great strategy. Instead we have the Supreme Court and geniuses like the wise latina deciding trade policy.

So now just blanket tariff.

I was listening to the government of Guyana speak on this. They have American companies pumping nearly a million barrels of oil a day and shipping back to their country, the US, and the US wants to tariff them for the trade surplus.

They have around 800K people, unless every man woman and child buys a bag of Cheetos, a box of frosted flakes, and a 2 Liter of coke every day, they are gonna have a trade surplus with the US, and its US companies benefiting.

But hey, its the supreme court, they may not know the difference between a man or woman, but they know OMB.

And with Canada its 50% on some goods or about 20 billion in trade that is supposed to go into effect mid August, I certain that will be challenged as well.

Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481065 posts
Posted on 7/26/26 at 6:20 am to
quote:

Instead we have the Supreme Court and geniuses like the wise latina deciding trade policy.


Update: this is not an accurate description

The Supreme Court made no policy decision. They only ruled on what powers were given to the President (by Congress) to make such policy decisions. The law the President relied upon did not grant him the authority to make such policy decisions, and his actions were therefore illegal.

quote:

They have around 800K people, unless every man woman and child buys a bag of Cheetos, a box of frosted flakes, and a 2 Liter of coke every day, they are gonna have a trade surplus with the US, and its US companies benefiting.


Why looking at trade surpluses/deficits is a bad way to view the topic.
Posted by LSU0358
Member since Jan 2005
8179 posts
Posted on 7/26/26 at 6:24 am to


Doing tariffs to the extent Trump is without American industrial buildout is inflationary.

Tax incentives to get buildout going with tariffs on backend is way to go but Trumper doesn’t have attention span for as it requires more than a tweet.
Posted by trinidadtiger
Member since Jun 2017
20557 posts
Posted on 7/26/26 at 6:30 am to
quote:

The Supreme Court made no policy decision. They only ruled on what powers were given to the President (by Congress) to make such policy decisions. The law the President relied upon did not grant him the authority to make such policy decisions, and his actions were therefore illegal.


I agree the Supreme Court made a policy decision.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481065 posts
Posted on 7/26/26 at 6:40 am to
quote:

I agree the Supreme Court made a policy decision.



They did not. You can keep being dishonest but it doesn't change reality.

The USSC also did not make policy decisions when they ruled Biden acted illegally with his Student Loan Forgiveness plan or his Vax mandate.

All 3 decisions were correct and all 3 Executive actions were illegal without proper authority. The Executive, in these scenarios, only has what power Congress grants them, and execution of these Congressional laws requires specific citation of the proper law. In all 3 examples, the President/admin acted without legal and/or valid authority. That has nothing to do with an evaluation of the actions/policies attempted illegally by the President/admin.
This post was edited on 7/26/26 at 6:41 am
Posted by trinidadtiger
Member since Jun 2017
20557 posts
Posted on 7/26/26 at 6:52 am to
quote:

quote:
I agree the Supreme Court made a policy decision.



So you agree, so do I.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481065 posts
Posted on 7/26/26 at 6:55 am to
quote:

So you agree


They did not.

You can continue to be dishonest but you're just doubling down on being a liar, at this point, after it's been explained to you.

Weird chioce
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
99352 posts
Posted on 7/26/26 at 7:05 am to
im also glad he agreed with you

Thats rare with him
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
481065 posts
Posted on 7/26/26 at 7:32 am to
quote:

im also glad he agreed with you

Posted by trinidadtiger
Member since Jun 2017
20557 posts
Posted on 7/26/26 at 7:41 am to
quote:

im also glad he agreed with you

Thats rare with him


Yes it is, but Im thankful.
Posted by ChatGPT of LA
Member since Mar 2023
7386 posts
Posted on 7/26/26 at 9:16 am to
Do you think that highly of yourself that someone would take the time to read all of that
Posted by moneyg
Member since Jun 2006
63543 posts
Posted on 7/26/26 at 9:21 am to
quote:


Why looking at trade surpluses/deficits is a bad way to view the topic.



His quote doesn't show why that's a bad way to view the topic at all.
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