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Keyword: tariffs

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  • The Supreme Court, tariffs, and judicial consistency

    09/17/2025 5:07:55 AM PDT · by Miami Rebel · 86 replies
    As SCOTUSblog readers are likely aware, tariffs are taxes charged on goods bought from other countries. In February, President Donald Trump imposed dozens of new tariffs. Now the Supreme Court will decide whether he had the legal authority to do so. The stakes in the litigation are enormous. Tariffs are a crucial part of Trump’s agenda, with huge consequences in the United States and throughout the world. Indeed, after the U.S. Court of Appeals for the Federal Circuit struck down most of the tariffs, Trump said that their invalidation “would be a total disaster for the Country” and “would literally...
  • House GOP leaders move to extend block on tariff termination votes

    09/15/2025 6:14:33 PM PDT · by fluorescence · 2 replies
    Politico ^ | 09/15/2025 | Meredith Lee Hill
    House Republican leaders are moving to again head off votes trying to cancel much of President Donald Trump’s sweeping tariff regime. A procedural measure Republicans on the Rules Committee advanced Monday night would extend until March 31 a block on efforts by Democrats and several Republicans to end the national emergencies underlying Trump’s sweeping tariffs — including on Mexico, Canada, Brazil and his “liberation day” levies from April. It would also block “resolutions of inquiry,” measures that can be used by the House to compel the release of information from the executive branch. The House is set to vote Tuesday...
  • Tariffs are not taxes: They are import duties imposed upon foreign entities. The courts need to get this right

    09/15/2025 10:13:53 AM PDT · by SeekAndFind · 46 replies
    American Thinker ^ | 09/15/2025 | James T. Moodey
    Democrat lawyers want to define tariffs as taxes because taxes must be approved by Congress, not Trump. Taxes are imposed upon persons earning income in the U.S. Tariffs are import duties imposed upon foreign entities. They are not taxes. The courts need to get this right. If the courts says Congress must approve tariffs, Congress will be unable to comply. Tariffs change commonly, and there are 194 countries that will pay tariffs to us. There is no chance that Congress could handle that task, nor should it. Congress’s duty is to approve a rare change of income tax, which is...
  • France and Britain are in thrall to pensioners

    09/14/2025 4:45:31 AM PDT · by fluorescence · 27 replies
    Financial Times ^ | Sep 13 2025 | John Burn-Murdoch
    What do Theresa May and Andy Burnham have in common with Michel Barnier, François Bayrou and Emmanuel Macron? All five were admirably honest with the public about the trade-offs inherent in financing an ageing society, and all five were duly punished for their candour by the public, the press, opposition politicians or all three.The past two decades of French and British politics are a graveyard of proposals to slow the upward ratchet of spending on growing elderly populations. The same two decades of French and British fiscal balances show the results. Public disbursements to older citizens have climbed higher and...
  • Federal budget deficit grows $92B to nearly $2T even as Trump tariffs increase revenue

    09/14/2025 2:15:26 AM PDT · by fluorescence · 22 replies
    Fox Business ^ | September 12, 2025 | Eric Revell
    The federal government's budget deficit reached $2 trillion for the current fiscal year as the deficit has widened by nearly $100 billion from last year. The nonpartisan Congressional Budget Office (CBO) released its monthly budget update for August, which showed the deficit reached $1.989 trillion in the first 11 months of fiscal year 2025. That amounts to a $92 billion increase in the deficit when compared with the first 11 months of fiscal year 2024. Overall, federal spending was up by $391 billion from a year ago, an increase of 5%, while tax receipts rose $299 billion, or 7%, in...
  • Chinese pre-orders for Apple's iPhone 17 break records amid strong demand

    09/13/2025 2:10:41 PM PDT · by SunkenCiv · 26 replies
    SCMP ^ | September 13, 2025 | Coco Fengin in Guangdong
    Pre-order sales of Apple's new iPhone 17 series have got off to a robust start in China, shattering previous records despite delays in the shipment of the iPhone Air.In the first minute after pre-orders began at 8pm Friday local time, sales on JD.com -- one of China's largest online shopping platforms -- surpassed the first-day pre-order volume of last year's iPhone 16 series, according to the e-commerce operator. The standard iPhone 17 with 256GB of storage emerged as the most popular variant, JD.com said.Those numbers excluded the iPhone Air, the company's thinnest model ever, as its release has been postponed...
  • Trump makes stunning threat to NATO allies over oil as he calls for sweeping new tariffs

    09/13/2025 7:20:45 AM PDT · by Mariner · 148 replies
    The Daily Mail ^ | September 13th, 2025 | By WILL POTTER, US SENIOR NEWS REPORTER
    Donald Trump issued a stunning threat to NATO allies for holding up his negotiations to end the Russia - Ukraine war and warned against 'wasting my time' in a blistering social media post. Trump took to Truth Social on Saturday morning to rebuke NATO allies for buying oil from Russia despite their opposition to Vladimir Putin's invasion, saying it 'greatly weakens your negotiating position, and bargaining power, over Russia'. 'I am ready to do major Sanctions on Russia when all NATO Nations have agreed, and started, to do the same thing, and when all NATO Nations STOP BUYING OIL FROM...
  • Las Vegas casinos ditch live dealers for electronic games amid ongoing tourism decline

    09/12/2025 2:33:07 PM PDT · by Libloather · 57 replies
    Fox News ^ | 9/10/25 | Ashley J. DiMella, Larry Fink
    Las Vegas tourism continues to decline as fresh numbers reveal that fewer visitors are traveling to Sin City. The Las Vegas Convention and Visitors Authority (LVCVA) recently released its numbers for July visitors, noting a 12% drop from last year. There were 3,089,300 visitors this July compared to over 3.5 million last year, while occupancy on the Strip dropped 7% from 86.5% last year. The tourism decline has been attributed to a combination of factors, including the impact of tariffs, the seasonal summer slowdown, and a surge in online gaming. Most recently, the Golden Gate Hotel & Casino announced it...
  • Implementation of EU-US trade deal and the prospect of wider EU trade agreements (debate) [10 Sept, 2025 excerpt]

    09/12/2025 9:36:37 AM PDT · by posterchild
    European Parliament ^ | Sep 10, 2025 | Dominik Tarczinski
    Mr President, thank you. Dear leftists, you have been attacking President Trump for years. Now you are whining about tariffs. You are not happy that he doesn't want to be your private bodyguard. But it's not Trump's decision to spend money on illegal migrants instead of the army or industry. It's not Trump's fault that you restricted European industry because of your green god and because of your sick ideology. It's not his fault! It's time to be a man. It's time to take care of yourself. It's time to stop wearing dresses and be a man. Put on armour,...
  • Trump Warns US Will Have To Pay Back ‘Trillions and Trillions of Dollars’ If He Loses Tariff Case in Supreme Court

    09/12/2025 8:36:59 AM PDT · by Miami Rebel · 48 replies
    Mediaite ^ | 9/12/2025 | Zachary Leeman
    President Donald Trump warned on Friday that if the Supreme Court shoots down his global tariffs than the United States will owe “trillions and trillions of dollars” to other nations. Trump joined Fox & Friends on Friday where he discussed a number of topics, including the shooting and killing of conservative activist Charlie Kirk. While talking up his tariff strategy, the president admitted that trillions could be added to the United States’ debt should he end up losing in the Supreme Court, which recently agreed on an expedited timeline to rule on whether Trump’s tariffs are legal. The president said...
  • Job growth revised down by 911,000 through March, signaling economy on shakier footing than realized

    09/09/2025 7:12:27 AM PDT · by zeestephen · 52 replies
    CNBC (Business Website) ^ | 09 September 2025 | Jeff Cox
    The labor market created far fewer jobs than previously thought, according to a Labor Department report Tuesday that added to concerns both about the health of the economy and the state of data collection.
  • Supreme Court takes up fast-moving appeal over Trump’s tariffs

    09/09/2025 2:52:44 PM PDT · by MinorityRepublican · 36 replies
    CNN ^ | September 9, 2025 | John Fritze, Elisabeth Buchwald
    The Supreme Court agreed Tuesday to hear arguments over President Donald Trump’s sweeping global tariffs, taking up a fast-moving appeal that deals with the centerpiece of the administration’s economic agenda. In the meantime, the tariffs will remain in place while the court hears the case. Trump is pressing the justices to overturn a lower court ruling that found his administration acted unlawfully by imposing many of his import taxes, including the “Liberation Day” tariffs the White House announced in April and tariffs placed this year against China, Mexico and Canada that were designed to combat fentanyl entering the United States....
  • Trump Exempts From Tariffs: Gold, Uranium, Tungsten, Graphite

    09/08/2025 10:52:19 AM PDT · by SeekAndFind · 14 replies
    The Deep Dive ^ | 09/08/2025
    Executive order effective September 8 exempts gold bullion, graphite, tungsten, and uranium while extending reciprocal tariffs to silicone products, resin, and aluminum hydroxide.The Trump administration exempted graphite, tungsten, uranium, and gold bullion from US country-based reciprocal tariffs, while adding levies on silicone products—and extending those tariffs to resin and aluminum hydroxide.The move, set to take effect today under an executive order, formalizes the planned bullion carve-out after a recent US Customs and Border Protection ruling sowed confusion by implying certain gold bars could face import taxes.TRUMP EXEMPTS GRAPHITE, TUNGSTEN, URANIUM & GOLD FROM COUNTRY-BASED TARIFFS; SILICONE PRODUCTS TO FACE LEVIES—...
  • Treasury Secretary Bessent warns of massive refunds if the Supreme Court voids Trump tariffs

    09/08/2025 7:24:05 AM PDT · by Miami Rebel · 63 replies
    CNBC ^ | 9/7/2025 | Erin Doherty
    Treasury Secretary Scott Bessent said Sunday that he is “confident” that President Donald Trump’s tariff plan “will win” at the Supreme Court, but warned his agency would be forced to issue massive refunds if the high court rules against it. If the tariffs are struck down, he said, “we would have to give a refund on about half the tariffs, which would be terrible for the Treasury,” according to an interview on NBC’s “Meet the Press.” He added, however, that “if the court says it, we’d have to do it.” The Trump administration last week asked the Supreme Court for...
  • The Recent Dismal New Job Numbers Might Be a Sign of Trump’s Successes, Not Failures

    09/06/2025 8:28:02 PM PDT · by SeekAndFind · 11 replies
    Kansas City Star ^ | 09/06/2025 | David Mastio
    As I write this, the Democratic press releases are still being edited, but the collective scream soon to come is perfectly predictable. Already, Democratic Rep. Ted Lieu said on BlueSky that “Republicans are messing up the economy,” based on private jobs data that came out Thursday. You can see why Democrats might make that argument. It seems the latest numbers from the Bureau of Labor Statistics show a meager job gain in August of 22,000, with technical revisions to recent months data in the negatives by 21,000. Even without that revision, that’s a job growth rate of a tenth what...
  • The Trump Summer Jobs Stall. Most businesses have stopped new hiring as tariffs add costs and uncertainty, the latest jobs report confirms.

    09/06/2025 6:11:50 AM PDT · by karpov · 76 replies
    Wall Street Journal ^ | September 5, 2025 | WSJ Editorial Board
    President Trump fired the Bureau of Labor Statistics commissioner last month because he didn’t like the monthly jobs numbers. He claimed the numbers were “rigged.” But Friday’s monthly report for August confirms that job creation has stalled amid his tariff barrage. Employers added a mere 22,000 jobs last month while the numbers were revised down for the previous two by a combined 21,000. This means only 107,000 new jobs were created in the last four months—an average of 27,000. Monthly job gains averaged 167,000 last year. Nearly all of the new jobs last month were in social assistance and healthcare...
  • Political Junkie’s Advanced AI Review of the Federal Circuit Court’s Rejection of President Trump’s Tariffs

    09/04/2025 3:19:41 PM PDT · by Political Junkie Too · 28 replies
    Perplexity Pro AI and My Questions | September 4, 2025 | Political Junkie Too
    Political Junkie’s Advanced AI Review of the Federal Circuit Court’s Rejection of President Trump’s Tariffs Below is another Perplexity Pro AI discussion about emerging news. This time, I had the AI analyze the decision by the Federal Circuit Court that declared that President Trump had no delegated authority to issue his sweeping tariffs using the International Emergency Economic Powers Act (IEEPA). As has happened before, the AI starts with the mainstream opinion, and then is slowly moved to an opposite opinion once the facts are more deeply explored. As usual, this is a VERY LONG thread, as it explores...
  • Oregon A.G.: If Trump Wins on Tariffs, Dem POTUS Will Declare Climate Emergency, Maybe Have Oil Tariffs

    09/03/2025 7:47:56 AM PDT · by Red Badger · 76 replies
    Breitbart ^ | September 03, 2025 | Ian Hanchett
    On Tuesday’s broadcast of MSNBC’s “11th Hour,” Oregon Attorney General Dan Rayfield (D) stated that if President Donald Trump is successful in his legal battle to use emergency powers to implement tariffs, then when a Democrat becomes president, “we’re going to have an emergency on climate change and maybe we’ll start putting tariffs on oil.” Rayfield said, “I wish that we could sit here and have a real, candid conversation with Republicans who support this and say, listen, we’re going to get a Democratic president in here soon, and what’s good for the goose is good for the gander. And...
  • Levi's Issues Warning Over 'Rising Anti-Americanism'

    09/03/2025 10:28:33 AM PDT · by BFW · 36 replies
    News Week ^ | Sep 03, 2025 | Hugh Cameron
    The iconic denim brand Levi Strauss has warned that growing international backlash against President Donald Trump could negatively affect its sales and those of other U.S. companies. In a recent filing with the United Kingdom's national business registry, the California-based company noted the risk of "rising anti-Americanism as a consequence of the Trump tariffs and governmental policies." Levi's warned that this could increasingly push consumers in the U.K. away from American goods and toward non-American alternatives.
  • Federal Judges Criticize Supreme Court for Overturning Decisions with Emergency Rulings

    09/04/2025 9:40:49 AM PDT · by FlipWilson · 47 replies
    FoxNews ^ | Anders Hagstrom
    A group of anonymous federal judges is criticizing the Supreme Court for overturning lower court rulings and siding with President Donald Trump's administration with little to no explanation, NBC News reported Thursday.