The US Supreme Court will not issue a ruling on Friday (January 9), in a high-profile case challenging the legality of President Donald Trump’s sweeping global tariffs.
The case, which tests the limits of presidential authority under the International Emergency Economic Powers Act, had drawn close attention from businesses, investors, and international trading partners.
The US Supreme Court will not issue a ruling on Friday (January 9), in a high-profile case challenging the legality of President Donald Trump’s sweeping global tariffs.
The case, which tests the limits of presidential authority under the International Emergency Economic Powers Act, had drawn close attention from businesses, investors, and international trading partners.
They are trying to find a way to let Trump keep the tariff money. If the tariffs are unconstitutional then Trump will be sued for billions and billions from businesses and governments.
It’s not Trump that will be sued to pay back the money unconstitutionally taken, it is the U.S., and the money will come from your tax dollars.
This. The Supreme Court already ruled that Trump cannot be held liable for crimes he may commit while doing his job as president.
Well, yes, but also that wouldn’t have applied in this case anyway. Politicians manage the public purse, they’re not personally liable for it.
They already took our tax dollars in the form of added tariffs and in no case is it coming back to us. The money certainly isn’t going to do more good in Trump’s hands. He’s already been trying to frame it as a presidential slush fund.
And given the insane deficits Trump is already running, they really need that tariff money.
If the tariffs are unconstitutional then Trump will be sued for billions and billions from businesses and governments.
Oh, it’s worse than that. Very large companies might be able to afford to sue to get that revenue back, but others can’t afford the legal fees to do that.
But Wall St. has a solution! Firms have started buying tariff refund rights from importers, at a discount to reflect the uncertainty regarding whether those tariffs will ever be refunded.
See! They figured out how to grift, no matter the outcome!
But Wall St. has a solution! Firms have started buying tariff refund rights from importers, at a discount to reflect the uncertainty regarding whether those tariffs will ever be refunded.
Jesus fucking Christ, I thought you were joking
Oh, that’s wild. I knew about the refunds, but had no idea there was a speculative market for them.
I see. The Supreme Court saw the saying, “Justice delayed is justice denied” and finally found a way to deny justice!
What? Oh, no. It’s nothing sinister like that. They just got some shiny new toys for Christmas that they want to play with on their all-expenses-paid vacation with their friends.
Oh, they don’t have their toys yet. Because that would be a “bribe”, and super illegal.
No, they get their toys after the fact. Then it’s called a Gratuity, and totes legal.
Phew. That was a close one. I was worried there was bribery afoot for a second there.
Feckless enablers.
Let me guess, 6-3 ruling in his favor.
No, the indications are very strong that they’re going to rule against him on this one. The supreme court like Trump, but they like big business better.
The delay is probably over the question of how to handle the tariffs that have already been collected. In principle, they would have to be refunded, but doing that would blow a massive hole in the budget, at a point where the US is already carrying the kind of debt load that looks really scary to investors, and has slashed incomes to essentially nothing with all their tax cuts.
“Tax Cuts”
I assumed “for corporations and the wealthy” would be sufficiently implied.
I’d like to NOT do my job and still get paid.
In the shithole that is lawless America it is no longer a court anymore, supreme or otherwise. It’s just a bunch of people wearing weird clothes saying meaningless things.
The funny thing about law is that it protects you, me, everybody. When you abandon law, it no longer protects anyone or anything. There is no such thing as murder, or ICE, or Police or terrorist or Supreme Court, or President. Without a constitution and the rule of law, it is all a naked, barbaric contest for power by savages.
:popcorn:
Let the games begin I guess.
Yes, as an American I see the federal government as a lawless corrupt dictatorship that certainly has the power to destroy lives, but no legitimacy.
