Trump's tariffs temporarily reinstated as court considers White House appeal

[_act_]

I will lock this thread soon: US trade court rules Trump overstepped his authority with global tariffs, so that we can focus on the new one which is this thread.

This was what we were discussing yesterday:

Last night, the Court of International Trade ruled that Trump didn't have the power to impose the sweeping tariffs under emergency law, meaning his plans to impose a baseline 10% tariff on all nations - as well as higher levies on certain countries - were temporarily blocked.

But this is where we are now:

Tariffs temporarily reinstated
A federal appeals court has now reinstated Trump's tariff plan, after the White House filed an appeal earlier. The tariffs will remain in place while the case makes its way through the courts.

It was about Trump tariffs that is now temporary instated by the federal appeals court. I hope the Congress will have a law soon to stop Trump if this is what they wanted.

If the federal court tariffs ruling of Wednesday was not blocked, Trump administration wanted to go to Supreme court on Friday.

[Ojima-ojo]

Trump is American president so yes he have all the political tools to get his policies out at the global trade partners faces and nothing will definitely happens.


When I first saw the old thread, werein the tarrifs policy of president Trump was halted, I know that was not the end, and sure Trump is known to fight till the end, he won't have started if he Trump wasn't ready to get it through till the end.

[Churchillvv]

So the news earlier but didn't want to publish it here on the forum for personal reasons, but however trump decisions as I always say are revenge driven and has no special profitable reasons other than wanting America to be supreme over every other countries and China be under its supremacy.

I'm still also very surprised that all the decisions where taken and the court or the judicial power never did anything against him violating the code of conduct as a president, exercised power too much power in decision making with his right hand man Musk on the tariffs.

Now it's a reversal period for bitcoin/the world economy and pretty much all the speculation for the week has failed yet I'm still hopeful that we will begin to get more ATHs from now since the courts had restrained him from tariffs wars for now.

[Russlenat]

This was expected -  it was just a pause, not a full stop. And now that it’s back, I don’t think it’ll cause another panic. The countries involved probably saw it coming and already adjusted for it. They knew it would be reinstated sooner or later, and well, here it is. So it's not surprising at all anymore....

But bitcoin? I don't think it will be affected, the bullish momentum will continue.

[kotajikikox]

When I first saw the old thread, werein the tarrifs policy of president Trump was halted, I know that was not the end, and sure Trump is known to fight till the end, he won't have started if he Trump wasn't ready to get it through till the end.

Any president wouldn’t want to take back their word because if they did they will not be taken seriously after that. But also as a president you should acknowledge when you have messed up and how your decisions affect the country economically and others. I do not know whether the 90 day break was deliberate or something he had to impose because his plans backfired.

[robelneo]

It was about Trump tariffs that is now temporary instated by the federal appeals court. I hope the Congress will have a law soon to stop Trump if this is what they wanted.

If the federal court tariffs ruling of Wednesday was not blocked, Trump administration wanted to go to Supreme court on Friday.

This is check and balance, one of the primary components of democracy, which is to stop a personality like Trump from imposing his will, the democrats continued to defy Trump so its possible that they will create laws and try to pass it to deter Trump for actions like this, and hopefully, the Supreme Court will decide fairly and show Trump that he cannot have his way all the time.
 

[franky1]

It was about Trump tariffs that is now temporary instated by the federal appeals court. I hope the Congress will have a law soon to stop Trump if this is what they wanted.

it was a group of businesses that filed the claim..

but you hope to stop trump. shows you dont want ANY president from now on having powers, and instead giving power to judges
also these powers were given by congress.. so this means you also want judges having power to over rule congress
 
if a group of businesses and a judge can over rule the president and congress, (a president whom is using powers given to him by congress.. via decades of powers being awarded....)

then it becomes too easy to topple a government by making government powerless to do anything
you might aswell declare judges as the new ministers of government. with a supreme judge as prime minister
where they are all voted in by their colleagues, not citizens

enjoy that system

[The Sceptical Chymist]

I saw this news this morning and nearly pumped my fist in my empty house where nobody else could see, because I was praying to the dark gods that the system of checks and balances the US government has in place to keep the president from going berserk would finally get its motor cranked--and thus far it seems as though it has.  For anyone here who doesn't know about the fine details of the US power structure, I'll just say that presidents were never meant to be able to do whatever the fuck they want, consequences be damned.

The other story I saw after reading about the tariffs dealt with Elon Musk slowly backing away from Washington in the softest shoes he owns, likely intending to leave through a service entrance.  Oh-so-oddly-enough, that same article was puffed up with some shit about Musk returning to Tesla and a whole bunch of crap about self-driving cabs.  Who owns the mainstream media these days, anyway?

Fuck 'em all.

Edit:

This is check and balance, one of the primary components of democracy, which is to stop a personality like Trump from imposing his will<snip>

*DOH*

I had not read your post when I wrote mine; consider what I said about checks and balances to be confirming the info you provided.  Sorry, technology has shriveled my attention span so badly that it's amazing I can ever get outside to see the sunshine and tyranny.

[franky1]

I saw this news this morning and nearly pumped my fist in my empty house where nobody else could see, because I was praying to the dark gods that the system of checks and balances the US government has in place to keep the president from going berserk would finally get its motor cranked

the thing is, the president does have the power* to do what he done, so the judge was wrong and the judge abused his power

*trump used powers given by congress

The International Emergency Economic Powers Act (IEEPA) provides the President broad authority to regulate a variety of economic transactions following a declaration of national emergency. IEEPA, like the Trading with the Enemy Act (TWEA) from which it branched, sits at the center of the modern U.S. sanctions regime. Changes in the use of IEEPA powers since the act's enactment in 1977 have caused some to question whether the statute's oversight provisions are robust enough given the sweeping economic powers it confers upon the President during a declared emergency.

Over the course of the twentieth century, Congress delegated increasing amounts of emergency power to the President by statute. TWEA was one such statute. Congress passed TWEA in 1917 to regulate international transactions with enemy powers following the U.S. entry into the First World War. Congress expanded the act during the 1930s to allow the President to declare a national emergency in times of peace and assume sweeping powers over both domestic and international transactions. Between 1945 and the early 1970s, TWEA became the central means to impose sanctions as part of U.S. Cold War strategy. Presidents used TWEA to block international financial transactions, seize U.S.-based assets held by foreign nationals, restrict exports, modify regulations to deter the hoarding of gold, limit foreign direct investment in U.S. companies, and impose tariffs on all imports into the United States.

[Alpen]

The whole Trump tariff narrative has been a positive driver for Bitcoin's price. So, it makes sense that the federal court's decision to block them initially caused BTC to dump by 4% from its highs.

At the same time, the stock market and gold are both chilling and moving up. Quite the contrast, huh?

[_act_]

the thing is, the president does have the power* to do what he done, so the judge was wrong and the judge abused his power

*trump used powers given by congress

That is true. But I read some weeks or maybe a month ago about the Congress planning to weaken the president power in a way that he will have to notify the Congress before making any move like what Trump did. I have not read any other news about the progress but it would really be good.

[franky1]

the thing is, the president does have the power* to do what he done, so the judge was wrong and the judge abused his power

*trump used powers given by congress

That is true. But I read some weeks or maybe a month ago about the Congress planning to weaken the president power in a way that he will have to notify the Congress before making any move like what Trump did. I have not read any other news about the progress but it would really be good.

nope

what you need to know is..
these tariff amounts are not long term fixed 'treaties'.. as treaties require the senate to advise and consent on treaties..

these tariff amounts however are temporary 'policy'.. thus does not need the senates to vote in these tariff stuff

but
when these trade negotiations are done fully and locked in, where by trump and [country] wants them locked in to stop the next administration from just cancelling them with a click of a finger, he can then turn them into a codified law(treaty), get the senate vote and lock them into law

alot of idiots are like 'we small businesses cant plan anything because trump keeps changing the numbers, we need him to stop'
well thats because these numbers are suppose to change right now. its called the negotiation stage.
when the deals are done and locked in and agreed on. then they become fixed.

what trump wants to avoid is locking in long term deals like the crap china did decades ago, which ended up hurting america for those locked in decades
trump wants to lock in new deals that help america.. but it takes time and negotiations to undo old deals and lock in new deals

[Fiatless]

the thing is, the president does have the power* to do what he done, so the judge was wrong and the judge abused his power

*trump used powers given by congress

That is true. But I read some weeks or maybe a month ago about the Congress planning to weaken the president power in a way that he will have to notify the Congress before making any move like what Trump did. I have not read any other news about the progress but it would really be good.

I doubt if it will be possible to reduce the power of Donald Trump in a Congress that is dominated by Republicans. Such bill will not get the required vote to become law. The Constitution of the US gave the president sweeping powers, which include declaring sanctions and tariffs for the protection of the country. Except if the Constitution is amended, the Supreme Court judgment might still favor Trump.

[franky1]

the thing is, the president does have the power* to do what he done, so the judge was wrong and the judge abused his power

*trump used powers given by congress

That is true. But I read some weeks or maybe a month ago about the Congress planning to weaken the president power in a way that he will have to notify the Congress before making any move like what Trump did. I have not read any other news about the progress but it would really be good.

I doubt if it will be possible to reduce the power of Donald Trump in a Congress that is dominated by Republicans. Such nill will not get the required vote to become law. The Constitution of the US gave the president sweeping powers, which include declaring sanctions and tariffs for the protection of the country. Except if the Constitution is amended, the Supreme Court judgment might still favor Trump.

changing things for reasons of just one president plays ignorance to the reasons any administration of centuries may need those powers

its also worth noting, that the current administration has not actually abused anything that is unconstitutional. so senate/congress would need to actually find things that are anti- constitutional to then rescind any powers..

the problem is that the drama this year is not about actual law/constitutional matters. its all about party politics and click bait media of lacking true committee review, and lacking investigative journalism of actual facts

[DeathAngel]

I think he was always going to find a way to circumvent whatever limitations were put on him by ab individual or small group of lawmakers. He’s one of the most powerful men in the world, they usually get their way. I just hope these tariffs are sorted soon because they are causing so much uncertainty & it’s harming investors.

[takuma sato]

the thing is, the president does have the power* to do what he done, so the judge was wrong and the judge abused his power

*trump used powers given by congress

That is true. But I read some weeks or maybe a month ago about the Congress planning to weaken the president power in a way that he will have to notify the Congress before making any move like what Trump did. I have not read any other news about the progress but it would really be good.

nope

what you need to know is..
these tariff amounts are not long term fixed 'treaties'.. as treaties require the senate to advise and consent on treaties..

these tariff amounts however are temporary 'policy'.. thus does not need the senates to vote in these tariff stuff

but
when these trade negotiations are done fully and locked in, where by trump and [country] wants them locked in to stop the next administration from just cancelling them with a click of a finger, he can then turn them into a codified law(treaty), get the senate vote and lock them into law

alot of idiots are like 'we small businesses cant plan anything because trump keeps changing the numbers, we need him to stop'
well thats because these numbers are suppose to change right now. its called the negotiation stage.
when the deals are done and locked in and agreed on. then they become fixed.

what trump wants to avoid is locking in long term deals like the crap china did decades ago, which ended up hurting america for those locked in decades
trump wants to lock in new deals that help america.. but it takes time and negotiations to undo old deals and lock in new deals

The courts took away like 80% of Trump's tariffs negotiation power cards, he can still raise tariffs but within legislation, so the margin of tariffs is now lower. As much as I don't like China being everywhere in manufacturing and more, it is what it is, and so after Trump cannot play an aggressive tariff game, all these short positions are now stuck as SPX is recovering. The biggest problem of the US is just sovereign debt anyway, beside the China-manufacturing domination problem, and I don't see how Trump's policies get this solved. Elon already bailed and he's out.

[cryptotact11]

I think he was always going to find a way to circumvent whatever limitations were put on him by ab individual or small group of lawmakers. He’s one of the most powerful men in the world, they usually get their way. I just hope these tariffs are sorted soon because they are causing so much uncertainty & it’s harming investors.

They are working on it, but not all countries are cooperative despite some trade deals being quite unfair. I did hope that it was going to be sorted a bit faster, but it seems that we will have to wait longer to get the final results of all of this.

The courts took away like 80% of Trump's tariffs negotiation power cards, he can still raise tariffs but within legislation, so the margin of tariffs is now lower. As much as I don't like China being everywhere in manufacturing and more, it is what it is, and so after Trump cannot play an aggressive tariff game, all these short positions are now stuck as SPX is recovering. The biggest problem of the US is just sovereign debt anyway, beside the China-manufacturing domination problem, and I don't see how Trump's policies get this solved. Elon already bailed and he's out.

The tariffs can only help, and be a piece of the solution. They can't solve the debt problem, and that is not what they meant to do. Anyhow, that is an issue that both parties are actively ignoring and pushing into the future.

[The Sceptical Chymist]

hanges in the use of IEEPA powers since the act's enactment in 1977 have caused some to question whether the statute's oversight provisions are robust enough given the sweeping economic powers it confers upon the President during a declared emergency.

Yeah, I see all of your underlined and supersized terms, but I'm not sure if you missed the above.  Those powers granted to the president have been controversial for a long ass time.  On top of that, tell me where the national emergency is that would justify Trump imposing all of the tariffs he's dreamed up in his monomaniacal, heavily combed-over, and bizarrely-colored noggin.  Damned if I know, and it looks to me like those powers which have been controversial for so long are finally being challenged.  One thing I do know is that they aren't some inalienable rights that the commander-in-chief suddenly acquires after inauguration. 

This is indeed an example of checks and balances.

[cryptotact11]

On top of that, tell me where the national emergency is that would justify Trump imposing all of the tariffs he's dreamed up in his monomaniacal, heavily combed-over, and bizarrely-colored noggin. 

Where? There are even books that are written by western authors that analyze empires, and by all measures the USA is in a deep crisis which is the last stage between a complete collapse. No national emergency whatsoever I guess. Maybe the next democrat importing another half a million illegals will solve the mild problems that the empire has. 

[franky1]

Yeah, I see all of your underlined and supersized terms, but I'm not sure if you missed the above.  Those powers granted to the president have been controversial for a long ass time.  On top of that, tell me where the national emergency is that would justify Trump imposing all of the tariffs he's dreamed up

where?: china.. obviously

why:
fentanyl, AI, spying, semi-conductors.. and too much reliance on an enemy state for supply(china) = national emergency to break the chain and start a new decentralised system of supply and import condition away from chinese control

by decentralising the supply chain to include more countries and less reliance of china, solves many issues. putting conditions on chinese supply solves many issues.

to break the old trade treaties, required announcing a national emergency.
these new tariff policies are not laws/rules of long term treaties that need to be locked in/approved. they are just temporary policies of negotiation sessions
(something the president and/or cabinet do have powers over)

when deals are actually ready to be locked in. THEN the senate gets to vote them into law and they become treaties
..
so trump is actually using the constitution and powers exactly as intended. yet alot of Gen-z clickbait editors in social/mainstream media have no clue about how politics/trade/economics actually work..