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It really does depend on the time of day to know what is happening.<\/p>\n
The May 29 ruling by the United States Court of Appeals for the Federal Circuit comes a day after the United States Court of International Trade invalidated his use of the the International Emergency Economic Powers Act of 1977 to impose tariffs.<\/p>\n
But the three-judge panel of the Court of International Trade unanimously found that IEEPA, which Trump invoked to unilaterally enact duties on foreign goods, “does not authorize” the tariffs and ordered them halted.<\/p><\/blockquote>\n
A setback to hi famous tariff impositions, one would think – but:<\/p>\n
\nAn appeals court ruled President Donald Trump can continue to levy tariffs while challenging a court order that had blocked them, a quick reversal that allows Trump to keep wielding his trademark economic tool in the short term.<\/p>\n
The May 29 ruling by the United States Court of Appeals for the Federal Circuit comes a day after the United States Court of International Trade invalidated his use of the the International Emergency Economic Powers Act of 1977 to impose tariffs.<\/p>\n<\/blockquote>\n
So Wednesday he couldn’t, Thursday he could…who knows what will happen before you read this Friday? Hard to say what any given court will do, which reflects poorly on the court system. In theory the Executive Branch should rely on the judiciary to determine without bias what is legal and what isn’t – we all know that in practice, biased judges and judge-shopping make that hope an empty one.<\/p>\n
\nThe surprise ruling by the trade court had threatened to kill or at least delay the imposition of Trump’s “Liberation Day” tariffs on most U.S. trading partners, as well as import levies on goods from Canada, Mexico and China related to his accusation that the three countries were facilitating the flow of fentanyl into the U.S.<\/p>\n
Tariffs are a centerpiece of Trump’s second-term economic agenda. The president has imposed steep levies on goods from foreign countries, igniting international furor, disrupting the global economy, sending markets into a tailspin and raising fears of a recession.\u00a0\u00a0USA Today<\/a><\/p>\n<\/blockquote>\n
Dow’s only at 42,000, where it has been holding for some time.\u00a0 The “Trump bump ” around his inauguration didn’t last, but absent a few ugly days, it seems that much of the market is just shrugging off many of the tariff threats. (It is said that in response to the repeated “We are going to launch a yuge tariff on XXX, no we’re not”, that traders are betting that whatever<\/em> he threatens, he will not follow through. Supposedly the mantra is\u00a0 “T<\/strong>rump Always C<\/strong>hickens O<\/strong>ut –\u00a0 TACO.)The Hill<\/a><\/p>\n
Not quite as vituperative as “Let’s Go Brandon” but to someone with Trump’s ego, not a phrase he is going to like.<\/p>\n
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