reuters.com
www.reuters.com

A U.S. federal court on Wednesday blocked President Donald Trump’s “Liberation Day” tariffs from going into effect, ruling that the president overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the United States than they buy.

  • Plebcouncilman@sh.itjust.worksEnglish
    16·
    3 days ago

    It doesn’t matter if he considered the conditions because he can’t force them to stop exploiting their workforce. But the net effect would have been a floor to the price of production at a global level so corporations would have to choose between slave labor, complex supply chains and overseas shipping costs or domestic labor with lower shipping costs and somewhat simpler supply chains.

    Yes the economy would suffer. Medicine is bitter. The option is watching the train derail in slow motion.

    • spongebue@lemmy.world
      4·
      3 days ago

      It doesn’t matter if he considered the conditions because he can’t force them to stop exploiting their workforce

      Sure he can. Or at least use it as a tool to help curb it. Anyone with the authority to exercise tariffs (in this case, that turned out to be the issue, but aside from that) can say that x industry in y country is exploiting their workers and products related to that industry is subject to whatever tariff they choose to implement. They may even use their powers (if only advocacy here) to help those affected. Thing is, Trump doesn’t give two shits about any of that, so if any progress is made in the areas in which you’re concerned it’s out of dumb luck and nothing else.

      If Trump’s message is to be trusted, he wants to make deals and have more people buy from us, meaning global consumption might shift (assuming deals are made and all) but certainly not go down