Tariffs struck down by U.S. Supreme Court.

[Batscout]

New Update:

The US Supreme Court scrambled the trade landscape Friday with a decision striking down the centerpiece of President Trump's second-term tariff program.

The 6-3 ruling in Learning Resources, Inc. v. Trump appears set to immediately halt a massive section of Trump's tariffs announced last year on "Liberation Day" using a 1977 law called the International Emergency Economic Powers Act (IEEPA). The law gives the president the ability to declare an economic emergency and take action but doesn't specify tariffs as a remedy.

https://www.cnn.com/us/live-news/trump-administration-us-iran-02-20-

 

[indolent]

I want a refund of my de minimus -cessation anxiety

 

[Airborne Daddy]

I bet prices wont come down a cent here or in the US. ...Companies already saying if they recoup that money (they already did passing it onto us) they can lower prices and raise wages, neither will happen.... in my state they promised casinos, fracking and legalizing medical weed would cut our property taxes. A whopping 25 to 75 bucks a year was the result.

 

[CNCCurrency]

New Update:

The US Supreme Court scrambled the trade landscape Friday with a decision striking down the centerpiece of President Trump's second-term tariff program.

The 6-3 ruling in Learning Resources, Inc. v. Trump appears set to immediately halt a massive section of Trump's tariffs announced last year on "Liberation Day" using a 1977 law called the International Emergency Economic Powers Act (IEEPA). The law gives the president the ability to declare an economic emergency and take action but doesn't specify tariffs as a remedy.

https://www.cnn.com/us/live-news/trump-administration-us-iran-02-20-

There are other avenues to impose them than this ruling

 

[exploitedworkerbee]

Is there a peptide-related element to this that y’all would like to discuss? If so, please do. Otherwise, this can be discussed over family dinner, i am sure your kids would love to hear more about your political opinions.

 

[woundcarping]

I paid ~$11k extra in tariffs last year on something that was already on the water when the tariffs were announced. It wasn't a big issue, but I wouldn't mind a refund. A few months before the tariff I had another order for nearly twice the value that cost ~1/10th as much to clear customs.

 

[80s.diver]

Maybe I can get a partial refund on the car purchase as they jacked up the price due to tariffs. One can dream....

 

[DjJoshua]

Trump could expand tariffs under Section 301 of the Trade Act of 1974 or further invoke Section 232 for national security reasons. These have been used before and might withstand scrutiny if narrowly tailored

As long as it does not mess with my investments... It took me a LONG TIME to become a millionaire....

 

[CNCCurrency]

Trump could expand tariffs under Section 301 of the Trade Act of 1974 or further invoke Section 232 for national security reasons. These have been used before and might withstand scrutiny if narrowly tailored

As long as it does not mess with my investments... I took me a LONG TIME to become a millionaire....

But the decision may not be the final word. From the Trade Expansion Act to the Trade Act of 1974 and even Depression-era statutes, multiple legal avenues remain that could allow Trump to reassert aggressive trade powers

 

[exploitedworkerbee]

OK, I tried to get this one back on the rails, but nobody seemed to be able to drum up a peptide angle here. Political convos aren't in bounds on glp1f. I recommend nextdoor for fun political chats.

Locking the thread.