Tariffs are illegal
- Thread starter wawa
- Start date
US economy is doing great, despite the tariffs
Trump’s plan B to impose new tariffs is also illegal because a balance-of-payments deficit doesn’t exist, trade experts say
"A balance of payments deficit is not the same thing as a trade deficit."
finance.yahoo.com
Section 122 gives the president the power to levy tariffs up to 15% to address BALANCE OF PAYMENT problem not trade deficit. China and all those countries creating trade deficits turn around and purchase US treasuries. So the balance of payment is zero.
Since there is no balance of payment problem, the new tariff is also illegal. It would have expired by the time courts issue a ruling. But those paying the new tariff will be due refunds when courts rule in their favour eventually.
By the way, FedEx has launched the first court salvo to claw back payments they made under the illegal IEEPA. Thousands are due to follow. Lawyers are salivating
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Do you nornally cherry pick what you want to hear out of an article?
Read the entire article, please.
As in you potentially read the article?
Or that things are shitty but potentially could be ok.
You posted the article, making a claim that the American economy is so good YET regular folks can't afford groceries because numbnuts hasn't brought the price of groceries down as he promised.
Since you posted the article, it's your cherry picking that is on trial here.
Guilty as charged.
That will eventually get better too. Have patience, grasshopper
I cannot be a
. You two fuckers are going to have to make up your mind and properly assign my gender so I know how to sign my documents.You're a bit of both, the body of a grasshopper and the brain of a mouseI cannot be awhen Salty keeps calling me a
Thanks to the SCOTUS, the worst Trump can do now is a 15% tariff which expires in 150 days. So Canada must not allow permanent tariff to be a part of any new deal. We should stand firm. No deal is better than a bad deal
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