thewayne: (Default)
That's right, the highest court in the land blocked the tariffs in a 6-3 decision. Opposing the decision were - take a big guess - Alito, Thomas, and Kavanaugh.

There were a few problems. HIS use of tariffs were predicated on using the International Emergency Economic Powers Act (IEEPA), which a lower court declared did not give him the power to impose tariffs. Specifically, the law that created the act did not include the words "tariffs" or "duties" and that those powers did indeed lie in the House of Representatives and their specific control of the country's purse strings.

Chief Justice John Roberts wrote the ruling. From the NBC article: "The president asserts the extraordinary power to unilaterally impose tariffs of unlimited amount, duration and scope," Roberts wrote. But the Trump administration "points to no statute" in which Congress has previously said that the language in IEEPA could apply to tariffs, he added.

As such, "we hold that IEEPA does not authorize the president to impose tariffs," Roberts wrote.


The 1977 IEEPA has never been previously invoked, so there is no historical precedent to draw from.

To try and throw a bone to the President's supporters, Gorsuch said this:
For those who think it important for the Nation to impose more tariffs, I understand that today’s decision will be disappointing. All I can offer them is that most major decisions affecting the rights and responsibilities of the American people (including the duty to pay taxes and tariffs) are funneled through the legislative process for a reason. Yes, legislating can be hard and take time. And, yes, it can be tempting to bypass Congress when some pressing problem arises. But the deliberative nature of the legislative process was the whole point of its design. Through that process, the Nation can tap the combined wisdom of the people’s elected representatives, not just that of one faction or man. There, deliberation tempers impulse, and compromise hammers disagreements into workable solutions. And because laws must earn such broad support to survive the legislative process, they tend to endure, allowing ordinary people to plan their lives in ways they cannot when the rules shift from day to day."

Now, I think this is a fine thing to say. But I wonder how many of his followers will be able to parse the meaning of it?

In response to the ruling, a hissy fit was thrown, a certain toddler was heard saying that 'I don't need the IEEPA!' and set all tariffs to 10%, which is a great reduction for lots of countries and an increase for some.

Also from the NBC article: "The decision does not affect all of Trump's tariffs, leaving in place ones he imposed on steel and aluminum using different laws, for example. But it upends his tariffs in two categories. One is country-by-country or “reciprocal” tariffs, which range from 34% for China to a 10% baseline for the rest of the world. The other is a 25% tariff Trump imposed on some goods from Canada, China and Mexico for what the administration said was their failure to curb the flow of fentanyl."

It looks like the $175 billion that has been paid by importers could be subject to refunds, we'll see what happens. It's going to be a huge mess trying to pry that money out of the Treasury, regardless.

https://arstechnica.com/tech-policy/2026/02/supreme-court-blocks-trumps-emergency-tariffs-billions-in-refunds-may-be-owed/

https://www.nbcnews.com/politics/supreme-court/supreme-court-strikes-trumps-tariffs-major-blow-president-rcna244827

https://www.huffpost.com/entry/supreme-court-tells-trump-no-on-tariff-power-grab_n_6925ab7ae4b063285310b10f
thewayne: (Default)
This is going to majorly PO American auto makers! Breaks my little heart. But that wasn't the reason for the deal.

Biden put a 100% tariff on Chinese electric vehicles and Canada followed suit. China's cars are very wide in range in features: some are utter crap, some make a Tesla look like a Tonka, but Tesla hasn't really been updating their cars like they should. And above all, Chinese EVs are VERY inexpensive! How? Cheap labor, possibly even prison labor. But as a result of these prices, China has greatly reduced their use of fossil fuels and EV sales are soaring over there.

When Canada put in the tariff, China retaliated with a high tariff on Canadian canola seeds, a major farm export. With this drop in the EV tariff, China is dropping theirs from 84% to 15%. There were other items taxed in China's retaliation, I suppose those are still being negotiated.

But here's the telling bit: "Carney [Canadian Prime Minister] said China has become a more predictable partner to deal with than the U.S, the country’s neighbor and longtime ally.

“Our relationship has progressed in recent months with China. It is more predictable and you see results coming from that,” Carney said.

Carney hasn’t been able to reach a deal with U.S. President Trump to reduce some tariffs that are punishing some key sectors of the Canadian economy and Trump has previously talked about making Canada the 51st state."


https://www.washingtontimes.com/news/2026/jan/16/canada-cuts-chinese-ev-tariff-100-exchange-lower-canola-tariffs/

https://news.slashdot.org/story/26/01/16/2112255/canada-reverses-tariff-on-chinese-evs
thewayne: (Default)
I am shocked, shocked I say, to find that the tariffs have been altered so soon.

China is at 125%, and they've responded in kind.

Democrats had several Republicans signed on to a bill to claw back the POTUS's ability to unilaterally enact tariffs, a power normally reserved to Congress. The only reason he's been able to is he invoked an 'emergency', granting him extraordinary powers. Pretty transparent power grab is what it is.

Now, how much money did the top 0.1% make, shorting the stock market? My investment fund is down 7% since this fiasco started, 9% since he was elected to office, though it's up a tic today.

https://www.huffpost.com/entry/donald-trump-pauses-tariffs_n_67f3ecfbe4b0afc2a9d7c2a7
thewayne: (Default)
Elbows up, Canada!

New York, Michigan, and Minnesota are being hit with an export tariff on power from Canada from Ontario premier Doug Ford, in an attempt to bring the American President to the negotiating table to get him to stop this idiotic talk about tariffs and talk about making Canada the 51st state of the USA.

While I'm no fan of any Canadian politician named Ford, I think this is a great move! He is further threatening to completely stop exporting power if further threats are made against Canada. The move will generate approximately $300-400,000CA per day for Canada, which will be a nice little bonus.

Part of the Orange Dumpsterfire's justification of his moves against Canada is the "flow of fentanyl across the border", which last year, amounted to something on the order of 46 lbs. There's probably more manufactured in the USA than came across the border.

https://gizmodo.com/canada-slaps-25-tariff-on-electricity-to-americans-in-three-states-2000573857

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