Correct. My immediate thought here is “Under what law?”
They’ve already gone through this. Trump’s initial gambit, the IEEPA, got comprehensively struck down. That leaves him with two options; a law that was intended to address balance of payments issues (very likely to get stuck down in its own ongoing legal trials because, tldr, balance of payments issues haven’t existed since they moved to fiat currency), which can only be used to impose tariffs of up to 15%, or a law that can be used to apply sector specific tariffs but only after an extensive investigation. That means they actually have to be able to justify, in court (because they will get sued by all the US buyers affected by these tariffs) the actual economic impact that is being mitigated.
The former is a non-starter - capped at 15%, has to be applied globally, not to one specific country, and based on super shakey legal grounds, and the latter will collapse the moment they’re asked to show their work.
I’m just tired of this shit. No deal with the US means anything. No, there aren’t good American politicians who will stand up for what’s right, and you’re never four years away from either a better deal or your deals getting ripped up.
The USA cannot be trusted as a partner ever again. I’ll never ever forget.
It’s possible, but I think it’s more likely that the senile old man screamed at them to do it and they said “Yes sir” because it’s easier than telling the diaper shitting toddler he can’t have his bottle. They’ll have thrown together some kind of incredibly flimsy justification under one of the existing - but largely inapplicable - legal avenues knowing full well that it’ll fail in court but also that that’s tomorrow’s problem and hopefully by the time it does the old fart will have forgotten what he was mad about.
This is basically how most of “Trump does X” goes when you get down to it. The stuff that actually sticks is the big projects that he rubber stamps on behalf of his coterie of Wormtongues, while his own impulsive demands largely get implemented haphazardly and with little thought because no one besides grandpa actually cares.
Correct. My immediate thought here is “Under what law?”
They’ve already gone through this. Trump’s initial gambit, the IEEPA, got comprehensively struck down. That leaves him with two options; a law that was intended to address balance of payments issues (very likely to get stuck down in its own ongoing legal trials because, tldr, balance of payments issues haven’t existed since they moved to fiat currency), which can only be used to impose tariffs of up to 15%, or a law that can be used to apply sector specific tariffs but only after an extensive investigation. That means they actually have to be able to justify, in court (because they will get sued by all the US buyers affected by these tariffs) the actual economic impact that is being mitigated.
The former is a non-starter - capped at 15%, has to be applied globally, not to one specific country, and based on super shakey legal grounds, and the latter will collapse the moment they’re asked to show their work.
I guess they think they found a new law.
I’m just tired of this shit. No deal with the US means anything. No, there aren’t good American politicians who will stand up for what’s right, and you’re never four years away from either a better deal or your deals getting ripped up.
The USA cannot be trusted as a partner ever again. I’ll never ever forget.
It’s possible, but I think it’s more likely that the senile old man screamed at them to do it and they said “Yes sir” because it’s easier than telling the diaper shitting toddler he can’t have his bottle. They’ll have thrown together some kind of incredibly flimsy justification under one of the existing - but largely inapplicable - legal avenues knowing full well that it’ll fail in court but also that that’s tomorrow’s problem and hopefully by the time it does the old fart will have forgotten what he was mad about.
This is basically how most of “Trump does X” goes when you get down to it. The stuff that actually sticks is the big projects that he rubber stamps on behalf of his coterie of Wormtongues, while his own impulsive demands largely get implemented haphazardly and with little thought because no one besides grandpa actually cares.