Trump's Tariffs and Possible Trade War

Huckleberry

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Nov 9, 2004
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Court of International Trade blocks Trump’s tariffs in sweeping ruling

A federal court ruled Wednesday that an emergency law does not provide President Trump with unilateral authority to impose tariffs on nearly every country, blocking a series of tariff announcements dating back to February that have rattled financial markets.

The three-judge panel on the U.S. Court of International Trade unanimously ruled Congress did not delegate “unbounded” tariff authority to the president in the International Emergency Economic Powers Act of 1977 (IEEPA), the linchpin of Trump’s legal defense.

“An unlimited delegation of tariff authority would constitute an improper abdication of legislative power to another branch of government,” the court wrote in its unsigned opinion.

“Regardless of whether the court views the President’s actions through the nondelegation doctrine, through the major questions doctrine, or simply with separation of powers in mind, any interpretation of IEEPA that delegates unlimited tariff authority is unconstitutional,” the opinion continued.

“The IEEPA authorizes the president to impose necessary economic sanctions during an emergency to combat an “unusual and extraordinary threat.”
 

TIDE-HSV

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Oct 13, 1999
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Court of International Trade blocks Trump’s tariffs in sweeping ruling

A federal court ruled Wednesday that an emergency law does not provide President Trump with unilateral authority to impose tariffs on nearly every country, blocking a series of tariff announcements dating back to February that have rattled financial markets.

The three-judge panel on the U.S. Court of International Trade unanimously ruled Congress did not delegate “unbounded” tariff authority to the president in the International Emergency Economic Powers Act of 1977 (IEEPA), the linchpin of Trump’s legal defense.

“An unlimited delegation of tariff authority would constitute an improper abdication of legislative power to another branch of government,” the court wrote in its unsigned opinion.

“Regardless of whether the court views the President’s actions through the nondelegation doctrine, through the major questions doctrine, or simply with separation of powers in mind, any interpretation of IEEPA that delegates unlimited tariff authority is unconstitutional,” the opinion continued.

“The IEEPA authorizes the president to impose necessary economic sanctions during an emergency to combat an “unusual and extraordinary threat.”
The president stopped reading after the 2nd Amendment, which he interpreted as meaning "I can do anything I want to do"...
 

CrimsonNagus

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Jun 6, 2007
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Court of International Trade blocks Trump’s tariffs in sweeping ruling

A federal court ruled Wednesday that an emergency law does not provide President Trump with unilateral authority to impose tariffs on nearly every country, blocking a series of tariff announcements dating back to February that have rattled financial markets.

The three-judge panel on the U.S. Court of International Trade unanimously ruled Congress did not delegate “unbounded” tariff authority to the president in the International Emergency Economic Powers Act of 1977 (IEEPA), the linchpin of Trump’s legal defense.

“An unlimited delegation of tariff authority would constitute an improper abdication of legislative power to another branch of government,” the court wrote in its unsigned opinion.

“Regardless of whether the court views the President’s actions through the nondelegation doctrine, through the major questions doctrine, or simply with separation of powers in mind, any interpretation of IEEPA that delegates unlimited tariff authority is unconstitutional,” the opinion continued.

“The IEEPA authorizes the president to impose necessary economic sanctions during an emergency to combat an “unusual and extraordinary threat.”
Finally, someone in the government is trying to hold this corrupt administration accountable to the law. It should have been Congress, but they are idiots.
 

TIDE-HSV

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Finally, someone in the government is trying to hold this corrupt administration accountable to the law. It should have been Congress, but they are idiots.
What fascinates me is that there is, if you believe their past remarks, there is a strong anti-delegation sentiment (the corollary is anti-independent federal agency) on the court. So, the SCOTUS is caught in an ideological Catch-22, because that's exactly what the issue is here - improper use of delegated emergency powers. If they're consistent, then they must uphold the lower courts...
 
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jthomas666

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What fascinates me is that there is, if you believe their past remarks, there is a strong anti-delegation sentiment (the corollary is anti-independent federal agency) on the court. So, the SCOTUS is caught in an ideological Catch-22, because that's exactly what the issue is here - improper use of delegated emergency powers. If they're consistent, then they must uphold the lower courts...
The only thing the Roberts court has been consistent about is an inexorable move towards an imperial presidency.

You've got 1-2 justices who might do the right thing on minor cases. Might.
You've got 2 justices who will whatever the hell they feel like, constitution, precedent, or their own statements be damned.
You've got one justice who doesn't seem to care that much unless Native Americans are involved.
One justice who likes beer.
Three justices who seem to be having a competition as to who can plug the most holes in the dike. Unfortunately, since the water level is now wel above all three, it's hard to identify a winner.
 

crimsonaudio

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Sep 9, 2002
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Federal court keeps Trump tariffs in place — for now

The U.S. Court of Appeals for the Federal District on Thursday granted the Trump administration's request to temporarily put on hold the New York-based Court of International Trade judgment that struck down President Trump's tariffs a day earlier.

The court stayed the order while the legal proceedings play out.

The plaintiffs — a group of U.S. states and small businesses — were asked to respond to the Trump administration's motions for a stay by June 5. A U.S. government response may be filed by June 9, the court said.
 
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JDCrimson

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Feb 12, 2006
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You might want to curb your enthusiasm. A US Appeals Court overruled the US Trade Court over Trump's tariff policy today...

Finally, someone in the government is trying to hold this corrupt administration accountable to the law. It should have been Congress, but they are idiots.
 

selmaborntidefan

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What is the ‘TACO trade’ on Wall Street?

There’s a new trade on Wall Street: the TACO trade, standing for “Trump Always Chickens Out.”

The term was coined by Robert Armstrong, a writer for the Financial Times, and is intended to capture how markets have fallen on Trump’s vow to impose steep tariffs on imports to the United States and then jump back up when Trump announces pauses on those tariffs.

IMG_1157.jpeg
 
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TIDE-HSV

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You might want to curb your enthusiasm. A US Appeals Court overruled the US Trade Court over Trump's tariff policy today...
As I said, this case lands squarely on the tension point between two beloved principles of several on the court - between wanting to serve their "unitary executive" and "anti-delegation" policies. Hoist on their own petard...
 

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