The way they wrote that argument for the tariffs in appeals court - the tariffs are very likely to get struck down in the Supremem Court when they feel that businesses are getting hurt.
The way they wrote that argument for the tariffs in appeals court - the tariffs are very likely to get struck down in the Supremem Court when they feel that businesses are getting hurt.
Sadly, he's delusional - Supreme Court will rule in favor of businesses who are being damaged by these tariffs.
Congress would block the tariffs on allies knowing their consituents are getting killed by higher prices.
Oh and TARIFFS ARE TAXES ON BUSINESSES AND CONSUMERS PAID BY AMERICANS!!! NOT FOREIGN COUNTRIES!!!
They haven't taken "trillions" of dollars at all - and the US economy would surge if the tariffs were removed, and the Fed would be able to cut rates because inflation would drop. Trump is delusional.
Foreign countries should do their job and retaliate severely against the US knowing the tariffs are illegal.
And after this ruling - don't be surprised if world powers full-blown retaliate against the US knowing the tariffs are illegal.
TARIFFS ARE TAXES ON BUSINESSES AND CONSUMERS!! And if he thinks the Supreme Court will allow these tariffs to stand, he's delusional.
Where he will likely lose as the Supreme Court will likely rule in favor of businesses.
Only until October 14th.
No, it would allow the Fed to cut and send markets skyrocketing. HOW DUMB IS HE??
Think again - Supreme Court will likely strike them down as well seeing that businesses are being harmed - he doesn't realize right-winger are pro-business and will not accept tariffs.
Time for world powers to start retaliating against the US knowing the tariffs are illegal.
Foreign countries should immediately retaliate after the tariffs were ruled illegal if Trump refuses to remove them.
Then they should be making the rich and tech companies pay their fair share, along with pairing with spending cuts - because as it stands, the deficit is set to explode even higher.
To the surprise of no one. And Trump will end up having to drop the tariffs when the courts rule them illegal and the US economy craters due to stagflation.
Which means a massive recession is coming and thousands of job cuts are coming because Navarro is a liar.
Which will be reversed within days or weeks when shipments grind to a halt and the economy plunges into a recession.
Obvious that Trump is about to sabotage the Japan deal for some reason.. hence why Akazawa is cancelling.
And it's mostly aimed at the EU - WHICH HE MADE A TRADE "DEAL" WITH! Slap tariffs and that trade deal will get nuked and the EU will retaliate severely - and I imagine China, India, Japan are likely threatening action if he acts this stupid.
For obvious reasons - as countries will retaliate.
He is risking destroying all of his fake trade "deals" with this stupidty - foreign countries will retaliate severely knowing he cannot be trusted.
And risking severe retaliation by those countries? He's trying to distract yet again..
Cheaters do not belong in Cooperstown. Trump should stay out of things he knows zilch about.
Wasting taxpayer dollars on a company that is long past its prime and can't compete with better chipmakers in the rest of the world.
Obvious retaliation against the US.
They'll be wishing for solar and wind when the US is plunged into a crisis if oil prices explode again.
He's not a war hero and US bases and Israeli nuclear sites will likely be targeted by Iran if he and Netanyahu decide to get stupid and attack Iran again. Iran is likely just waiting for Russian and China to provide reinforcement before fighting Israel again.
It's not Powell hurting housing - IT'S TRUMP'S IDIOTIC TARIFFS!!! Along with the crackdown on immigration - it's threatening a barrage of inflation which will force Powell to go Volcker to try to stop inflation.
All the economic data shows a need for MAJOR rate hikes because of surging inflation due to Trump's idiotic tariffs. Cutting rates right now would lead to inflation as bad or worse than 2022.
Every indicator points to SIGNIFCANTLY higher interest rates because of his tariffs driving inflation to near 2022 levels - leaving the Fed in a bind.
No - it's Trump's idiotic tariffs, deportations and the lack of labor. Powell should actually be putting interest rate hikes on the table - not cuts, due to surging inflation.
Significantly boosting the chances of a severe recession and stagflation, that is.
With the biggest non-COVID recession since 2008, that is due to tariffs leading to stagflation - and god forbid what'll happen to the economy if the AI bubble bursts.
Tariffs are hurting the housing industry by driving up prices and forcing the Fed to stand pat - and risk putting rate hikes on the table due to stagflation.
And China will think about an embargo on critical minerals/rare earths to the USA if he even dares to do this - China can crash the US economy overnight if he tries anything stupid.
TARIFFS ARE PAID BY US BUSINESSES, WITH THE COSTS PASSED ONTO CONSUMERS!!! FOREIGN COUNTRIES DO NOT PAY THE TARIFFS!!!! When he is going to realize this??
And those reciprocal/fentanyl rates will be reset to zero in a few weeks when the courts nuke his tariff authority as they'll rule his tariffs illegal.
None of that money is coming, and continued tariffs will lead to much of this investment being yanked.
There's no deal, and it's obvious Putin played him - while he prepares a larger offensive to take all of Ukraine.
It's a data center, and they need to start regulating them or blocking companies from building them because they're driving up power costs dramatically in the US.
Courts need to do their job and declare Trump's orders here illegal.
More likely one and done, or even zero when the CPI for August basically nukes any rate cut hope when it's well above 3% year over year.
That's not how it works. Lowering Fed Funds 3-4 points would collapse the bond market as foreign lenders suspect the US is headed for hyperinflation - sending interest rates on the debt SKYROCKETING.
There's lots of evidence - but Trump's crones are trying to hide it.
How stupid is he??? Inflation is headed for 3.5-4% and the Fed's next move will likely be a HIKE, not a cut when tariff inflation ravages the economy.
Basically a waste of taxpayer dollars at a time the US is spiralling towards a debt crisis.
False - AMERICANS PAY THE TARIFFS!!!
Absolute garbage argument by Trump's lawyers - courts are going to rule against him and nuke the tariffs (and hopefully make it illegal for him to enact them without Congress).
At least until the courts nuke the tariffs in the coming weeks as they are illegal.
More reason the courts are going to throw the tariffs out because Trump and his cronies are morons - TARIFFS ARE PAID BY US BUSINESSES AND CONSUMERS!! YOU'RE STEALING FROM AMERICANS!!
The economy is crashing and stagflation is set to explode due to his idiotic tariffs. And EJ Antoni will lead to a mass dumping in US assets when foreign lenders realize US data is phony.
Time to start dumping US assets knowing none of the economic data will be reliable - we've seen this trash happen in Turkey and Argentina, leading to disaster.
It'll crash US markets when foreign investors realize economic data is untrustworthy and demand higher rates on the debt.
How long before foreign investors decide that US data is not relaible and dump assets en masse?
And just increased the chance of a war with Russia and Iran, who will likely be infuriated by US presence there.
At least until Trump decides to reverse coure and slap more tariffs on Japan.
No chance. Trump will likely angrily double tariffs on Japan in response.
Nope - Trump will likely announce more tariffs on Japan within the next 24 hours for no apparent reason
Bessent should be fired - Fed needs to be HIKING due to inflation and a speculative stock market bubble, manufacturers are getting killed by tariffs, and the BRICS have the power to cripple the US economy (notably China).
Except China has the upper hand as they'll cut off critical minerals to the USA and nuke the US Treasury market if Trump even dares to put new tariffs on China.
Basically, US is facing stagflation because of Trump stealing money from US businesses and consumers with his idiotic tariffs.
Which will crush manufacturing in the US because they can't afford to keep "eating" the tariffs.
Except BRICS countries can threaten to cut off oil, medical supplies and critical mineral shipments to the US in retaliation.
WTF is he going on about??? Reality on the ground is that the US is plunging into stagflation because of his idiotic tariffs - WHICH ARE PAID BY US CONSUMERS AND BUSINESSES!!! NOT FOREIGN COUNTRIES!!
C'mon, "radical left" court! Nuke these illegal tariffs! Especially considering the fact AMERICANS PAY THE TARIFFS!!! NOT FOREIGN COUNTRIES!!!
Exactly. Anytime Trump announces tariffs - it's another tax that US BUSINESSES AND CONSUMERS PAY!!! NOT FOREIGN COUNTRIES!!
Which apparently Trump is about to reneg on and slap 30% tariffs on Japan..
And thanks to Trump's idiotic tariffs, manufacturing is going to be wiped out in the USA.
Except next time, Russia and China will react by attacking US interests - they will not let the US attack Iran again.
Which China will react by enacting an embargo on rare earths to the US and breaking off trade talks.
USA BUSINESSES AND CONSUMERS PAYING 50% TARIFF ON INDIAN GOODS. There, fixed it.
Gas prices are down because he is plunging the US economy into recession with his idiotic tariffs - and soon US oil production will collapse.
They'll be out of business with those idiotic tariffs.
Except materials needed for it will be unavailable as chip-making countries retaliate by blocking shipments to the USA.
What growth? US will be deep into a recession by this point next year because of his idiotic tariffs which leads to the Fed jacking up interest rates as stagflation bcomes a major issue.
More likely it goes to $4/gallon than $2 especially as oil production collapses in the US due to low prices.
To the shock of no one. It's obvious Trump wants large tariffs on foreign goods because he is an idiot who does not realize US BUSINESSES AND CONSUMERS PAY THE TARIFFS!!! NOT FOREIGN COUNTRIES!!
It's a scam. Tariff rebates are not coming considering all that money will end up with foreign lenders as the US is $37T in debt and facing a debt crisis the minute lenders decide the US doesn't deserve safe haven status.
The criminals are in the White House - notably Trump and his band of unmerry men who are robbing from the poor so that the rich can have tax cuts while Medicaid and SNAP get torched to the ground.
They'll yield major stagflation and a severe recession, and the US can't afford to pay "dividends" when they're $37T in the hole and a bad bond auction away from a severe debt crisis.
Olympic Committee is going to take the Olympics away from LA if Trump continues with his outright facism.
Not when the country is $37T in debt - and this "dividend" will just ignite inflation more. Instead, GET RID OF THE TARIFFS!!!
Signs the AI bubble is about to burst in the USA?
Trump will likely reverse course and slap larger tariffs on Japan - the better thing to have done would've been to retaliate against his obviously illegal tariffs.
Then TAX THE RICH!!!
Why bother? Trump is too stupid to realize that TARIFFS ARE TAXES ON US BUSINESSES AND CONSUMERS!!!
Especially when the courts nuke Trump's tariff authority and forces him to remove all tariffs on foreign countries (excluding the Section 232 ones).
Domestic companies in the USA are saying otherwise - Hassett is full blown lying.
Optimistic about the major recession coming, I bet. Hassett, Bessent, Lutnick should all be forced to resign as they're part responsible the coming economic crisis in the USA.
Retaliation over Trump's threats to tariff China over them buying oil from Russia - China holds all the cards and can crash the US economy if Trump continues to be stupid with his trade war.
And soon drug makers will be cutting plans for US investment by 100%.
There is no deal - Japan and the EU are getting scammed, and need to retaliate against Trump's tariffs, as should most countries around the world.
That will never happen as the US is $36T+ in debt and he'll be forced to refund all the tariff revenues when the courts rule his tariffs illegal.
May work for military spending, but pulling this crap on drug costs will backfire hard on the US as countries will be forced to retaliate to protect their drugmakers.
Considering the tariffs, DOGE, etc. are beginning to hit - yes, it's Trump's economy, and it's bad - he's set to cause a severe recession and the Fed won't be bailing him out due to stagflation - which will lead to the Fed HIKING interest rates, not cutting.
He'll be forced to back down either due to court orders(very likely when the IEEPA tariffs are struck down due to the fact they are ILLEGAL!), or when the stock market crashes and the US economy plunges into a severe recession.
Of course we can't believe it - revisions will likely show the US is already in a recession as companies lay off en masse and raise prices because of idiotic trade wars on allies.
When in reality the US is already in a recession and stagflation due to Trump's idiotic tariffs. Hassett, Bessent, Lutnick should all be fired.
Blah blah WHO CARES!!! FOX News should be talking more about how Trump's policies are plunging the US into stagflation and a potentially devastating recession.