Is Trump The U.S. President of Illegal Tariffs?

 

BY C STONE | STONE NEWS NETWORKS ||| AMERICAN POLITICS

There must be 1,000 pounds of executive order documents stacked neatly behind the desk of U.S. President Donald Trump. Today, an appeals court ruled that most of President Trump's tariffs are illegal. They held off on enforcing the decision until mid-October as it will likely be appealed to the U.S. Supreme Court.

via NPR:

The appeals court in Washington ruled that the president had overstepped his authority in invoking the International Emergency Economic Powers Act (IEEPA) to impose most of his tariffs. The act from the 1970s gives the president the power to respond to "unusual and extraordinary" threats at times of national emergencies.

The divided appeals court, which split 7 to 4, said the IEEPA does not give Trump the power to impose such sweeping tariffs.

An aerial view picture of the port of Santos, the largest port complex in Latin America and one of the largest in the world, taken on Thursday in Santos, Sao Paulo state, Brazil.

Besides bold letters to world leaders, Trump is working on a subtler tariff strategy

"The statute bestows significant authority on the President to undertake a number of actions in response to a declared national emergency, but none of these actions explicitly include the power to impose tariffs, duties, or the like, or the power to tax," the court said.

Inflation is at an all-time high for most countries around the world. The U.S. won't be the exception unless they can magically invent factories that used to reside in other countries with significantly cheaper labor costs.

Even the De Minimis exemptions are off the table. Sure, you can send your grandma a $100 token gift, but anything over than that is subject to - you guessed it - a tax. It used to be $800, and before that, $200.

We truly live in expensive times.