Tariffs
- Thread starter delldude
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Dog Wonder
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Triggered?
Dog Wonder
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Happy Trump Tax Day.
WeAAsles
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Ok so if inflation does begin to rise this will be what counteracts that. Those currently on fixed incomes (Retirees) could feel the pinch though. 🤏 Of course if manufacturing returns to the USA 🇺🇸 they would be able to purchase non tariffed products produced by their communities.
Dog Wonder
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Pay up suckers.
I don't eat, I don't buy anything.....won't effect me.............
WeAAsles
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I don't eat, I don't buy anything.....won't effect me.............
I purchased a storage unit full of Ramen noodles 🍜 3 weeks ago so that should last me awhile 😃
WeAAsles
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U.S. Trade Representative Jamieson Greer says the bilateral trade deals Trump has made — most of which are predicated on pledges to purchase U.S. goods — will stick even if the U.S. Supreme Court rules that the president does not have the legal authority to impose his country-specific tariffs.
“The reality is, the countries understand the type of leverage that President Trump has created,” Greer just said on Bloomberg TV. “That’s why they’re doing these deals, and they’re going to stick regardless of what happens in litigation.”
Whether Greer is correct about that remains to be seen. It’s not difficult to imagine that a country which had agreed to buy goods in order to avoid higher U.S. tariff rates might go back on that pledge if the high court ruled those tariffs were unconstitutional.
Greer’s statement comes a day after the government argued before an 11 judge panel at the U.S. Federal Court of Appeals that Trump’s authority to make wholesale changes to tariff rates stems from an obscure trade law known as IEEPA.
Whichever way that court rules, the case is widely expected to be appealed to the Supreme Court.
“We feel confident,” about winning in court, says Greer. “You know, if it goes the other way, then we’ll manage that.”
— Christina Wilkie
2 HOURS AGO
Greer outlines tariff enforcement: “You can have the tariffs go back into place”
U.S. Trade Representative Jamieson Greer said that the trade deals are all “premised” on other countries “actually opening their market, [and] making the investment and purchase commitments they’ve agreed to.”
If they don’t honor their agreements with the U.S., then “the president has his tariff authority,” Greer said.
He said that his office monitors compliance with trade deals, and if countries don’t comply they “can have the tariffs go back into place.”
“This is basic trade enforcement,” Greer said on CNBC.
— Erin Doherty
“The reality is, the countries understand the type of leverage that President Trump has created,” Greer just said on Bloomberg TV. “That’s why they’re doing these deals, and they’re going to stick regardless of what happens in litigation.”
Whether Greer is correct about that remains to be seen. It’s not difficult to imagine that a country which had agreed to buy goods in order to avoid higher U.S. tariff rates might go back on that pledge if the high court ruled those tariffs were unconstitutional.
Greer’s statement comes a day after the government argued before an 11 judge panel at the U.S. Federal Court of Appeals that Trump’s authority to make wholesale changes to tariff rates stems from an obscure trade law known as IEEPA.
Whichever way that court rules, the case is widely expected to be appealed to the Supreme Court.
“We feel confident,” about winning in court, says Greer. “You know, if it goes the other way, then we’ll manage that.”
— Christina Wilkie
2 HOURS AGO
Greer outlines tariff enforcement: “You can have the tariffs go back into place”
U.S. Trade Representative Jamieson Greer said that the trade deals are all “premised” on other countries “actually opening their market, [and] making the investment and purchase commitments they’ve agreed to.”
If they don’t honor their agreements with the U.S., then “the president has his tariff authority,” Greer said.
He said that his office monitors compliance with trade deals, and if countries don’t comply they “can have the tariffs go back into place.”
“This is basic trade enforcement,” Greer said on CNBC.
— Erin Doherty
Dog Wonder
Veteran
Get some tacos for lunch.
