Lets pause for a moment and consider how dumb this situation makes Trump look on the world stage. He’s picks a fight with the entire world over tariffs, and obnoxiously demands that everyone comply with his wishes under the pain of losing trade. Then, a court rules that he never had the power to issue the tariffs in the first instance and voids them. The “deals” he’s supposedly struck now are worthless, and the countries that held out and didn’t bend to Trump’s whim have won. The only country harmed by the tariffs is the United States. It’s like starting a fight by punching yourself in the face.

They’re not in limbo per se, as the court issued a summary judgment to plaintiffs and struck the tariffs down. There are no tariffs now. They were illegal. To get them reinstated, Trump has to appeal, the court has to grant review (which only takes one justice, so review will almost certainly be granted), and then has to reverse the ruling. While the tariffs could be reinstated, I think it’s more likely than not that they won’t.

However, your point about economic stability is well taken. I’ll add to your point that the tariffs have already greatly harmed the U.S. by turning much of the world against us. They’ve forced other countries to look for alternative suppliers, and it is unlikely that they will come back, tariffs or not. They have also triggered boycotts of U.S. products.

Ordinarily, an order from this court would be appealed to the appellate court for the federal circuit, but I’m sure the administration will attempt to leapfrog this and try to immediately appeal to the Supreme Court. Since you only need one justice to grant cert, they’ll probably accept it. The real question is whether they’ll roll over for Trump. I can see Barrett and Roberts joining the liberal wing in upholding the court’s order striking down the tariffs, but I wouldn’t bet the farm on it.

The three judge panel included Reagan, Obama, and Trump appointees. It was a unanimous ruling. Ketchup will be all over the walls of Mar-a-Lago.

Lol. I wonder how quickly the Trump administration will get this before the Supreme Court.

We need to educate the living shit out of all those conservative dipshits so they stop doing so many dumb fucking things.

“You can lead a horse to water by you can’t make them think.” Adapting this adage I come up with “You can lead a conservative to information but you can’t make them think.”

The yield is the interest rate paid on the bonds issued. As the U.S. becomes a worse credit risk, investors demand additional interest to compensate for the risk. Existing bond values tank, because they were issued at a lower rate, and accordingly are paying less than bonds currently issued. Here is an archive link to a recent Economist article discussing the issue.

Spot on. I’ll add that Trump not only wants to see other countries panic and grovel, he wants U.S. CEOs to panic and grovel at his feet. Hence his feud with Tim Apple and threats to ramp up tariffs solely on i-phones.

One good explanation is that Trump is using the tariffs to profit.

• Step 1: Announce a massive tariff, causing the markets to plummet.

• Step 2: With stock prices down, Trump and his minions scoop up cheap stocks.

• Step 3: Announce a temporary roll-back of the tariffs, causing the markets to rally.

• Step 4: Trump and his minions sell stocks and take their profits.

• Step 5: Rinse, repeat.

An alternative explanation is that Trump has poor impulse control and has a deep-seated need for attention, so he throws out massive numbers for tariffs. Then, stocks plummet and bond yields rise, raising grave concerns about the financial stability of the U.S… Anyone in his administration with any inkling about economics panic, warn him of the potential for financial collapse and the end of his regime. Fearing for his own future, he then walks back the tariffs in an effort to attempt to mitigate the harm he has caused.

Honestly, I don’t know which it is, but what I do know is that this tariff merry-go-round is not sustainable, and eventually the U.S. will lose all credibility and the money pulsing through our markets will seek saner grounds elsewhere.

Doesn’t anyone care about the poor CEOs anymore? Lol. Trump said he was going apply tariffs, which always reduce trade. He’s getting exactly what he voted for.

Gold. It’s a real asset that does really well when the dollar does poorly. In addition, it’s a safe haven for geopolitical risk, which is growing.

That may be the case, but Powell’s term as chair ends in May of 2026, and I guarantee Trump will only appoint a lackey that will do whatever Trump wants. The end of the dollar is coming faster than you think.

It’s also likely to lead to a debt crisis that will make the 2008 financial crisis look quaint. Moodys downgraded the US credit rating for a reason.

“He’s not hurting the people he needs to be.”

Israel might have had blackmail on him, but he’s at the stage where nothing can really change anyone’s minds. If it comes out there’s a tape of 20 9 years old peeing on him while he wears an Obama mask; they’ll claim he just cured racism or some shit.

He’d blame it on Biden.

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How will they celebrate it? By starting a fight, getting their ass kicked, and surrendering?

Choose at least one option? I don’t use any of those platforms. My only social media is Lemmy and Reddit.

“Picking fights with major trading partners who also finance your debt becomes especially risky with a wide fiscal deficit and no credible plan to rein it in,” Mr. Eagan said.

Oh, snap!

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