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[Roni]

Trump's sweeping global tariffs struck down by US Supreme Court ruling - follow live

The Supreme Court rules with a 6-3 majority that Trump exceeded his authority when he imposed tariffs via a law reserved for national emergencies.

www.bbc.com

The Supreme Court – with, let's not forget, a conservative majority – has struck down the legal justification for a large portion of the so-called reciprocal tariffs, as well as measures brought in against Canada, Mexico and China, ostensibly in response to the influx into the US of illegal drugs such as fentanyl.

In the ruling, Roberts said if the Trump administration was allowed to prevail with its tariffs agenda it "would replace the longstanding executive-legislative collaboration over trade policy with unchecked Presidential policymaking".

Donald Trump has reacted to the Supreme Court's decision to strike down his tariffs, calling it a "disgrace".

If you're a US taxpayer, will you be getting your 1000 dollars back?

 

[adamsapple]

 

[StreetsofBeige]

Stock market up! Thank you!

 

[Bry0]

Taxpayers ain't getting nothin back. Free stock buybacks!

 

[poppabk]

It was always a stretch to use emergency powers to implement this. The bigger question is what happens now?

 

[Sybrix]

 

[Unknown?]

Doesn't this make the Federal Reserve illegal? If congress is solely in charge of taxing due to the constitution, so is the power to issue currency. They should challenge the Federal Reserve Act now.

 

[Roni]

Doesn't this make the Federal Reserve illegal? If congress is solely in charge of taxing due to the constitution, so is the power to issue currency. They should challenge the Federal Reserve Act now.

I suppose this will be one of the things thrown at the wall, given the focus is to daze and confuse.

 

[StreetsofBeige]

Taxpayers ain't getting nothin back. Free stock buybacks!

And the chances of companies and retailers lowering prices is going to be low. Some might, But most will keep the prices up.

Best way for prices to go down is if many heavy hitter companies in various industries do it, then the retailers follow suit, and then all the the other companies follow the leader.

If the big dogs all hold tight, prices arent going down.

 

[Lukaku's First Touch]

Incoming baby tirade!

Poor American tax payers fucked over again by pedo in chief and will see no money back after this ruling. Keep winning.

At least its a small distraction from his name appearing 1000s of times in the Trump/Epstein files

Time to attack Iran because of rage.

 

[JayK47]

The old tariffs were very one sided though...

Let's go back to flooding our county with cheap Chinese shit. Fucking addicted.

 

[Smiggs]

And the chances of companies and retailers lowering prices is going to be low. Some might, But most will keep the prices up.

Best way for prices to go down is if many heavy hitter companies in various industries do it, then the retailers follow suit, and then all the the other companies follow the leader.

If the big dogs all hold tight, prices arent going down.

Exactly, if people have been conditioned into paying more, prices will stay there. If demand drops, prices will come down.

Graphics cards are a great example of this. They've been pushing the prices further up (even before the RAMpocalypse), trying to find how high they can go before too many people bail out entirely.

 

[Svalr93]

Ngl it was pretty eye opening to see how many people defended the tariff threats and unironically didn't know what tariffs are and how they work, Trump himself included.
Like seriously?

 

[Unknown?]

I suppose this will be one of the things thrown at the wall, given the focus is to daze and confuse.

American's have been dazed and confused by bankers to the point no one even knows what money is. We used to 100 years ago.

The Federal Reserve allows us to be "taxed" with inflation and interest as well which is not congress doing so. Congress sneakily let a private entity usurp their duties, it has no meaningful reason to exist other than protect banks and wall street.

But I do agree with this ruling.

 

[Roni]

American's have been dazed and confused by bankers to the point no one even knows what money is. We used to 100 years ago.

The Federal Reserve allows us to be "taxed" with inflation and interest as well which is not congress doing so. Congress sneakily let a private entity usurp their duties, it has no meaningful reason to exist other than protect banks and wall street.

Hey, you're preaching to the choir. Bring back the gold standard.

 

[Smiggs]

Ngl it was pretty eye opening to see how many people defended the tariff threats and unironically didn't know what tariffs are and how they work, Trump himself included.
Like seriously?

I just heard someone talking the other day how the tariffs on China were good because China is paying us now.

...I don't know how people function in society without even looking into how things work.