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  1. mustachechap on

    This will likely be a long drawn out back and forth, so we really don’t know what is going to happen in regards to tariffs.

  2. Any-Original-6113 on

    Summary

    Donald Trump’s sweeping global tariffs have been struck down by the US Supreme Court, in a major blow to the president’s economic agenda

    With a 6-3 majority, the Supreme Court rules Trump exceeded his authority when he imposed tariffs via a law reserved for national emergencies

    The court’s decision represents a rare check on this president’s broad use of executive authority – read our North America correspondent’s snap analysis

    The ruling applies to his so-called “Liberation Day” tariffs, but not individual tariffs he’s imposed on specific countries or products

    Trump, a longtime proponent of tariffs, argues the taxes on goods imported into the US will boost American manufacturing

    Many in the business community, as well as Trump’s political adversaries, reject this argument

    Wall Street responds quickly and positively to the court’s ruling in early trading

  3. CarefulEmphasis5464 on

    Very good. This will help Democrats win. This, in turn, is relevant to the EU, as Democrats will be less willing to attack the EU. In turn, 2027, which is an extremely crucial year for the EU (elections in several important EU countries), is more likely to result in the victory of pro-EU forces. That victory will almost certainly mean Capital Markets Union, and CMU is perhaps the most important step toward an increase in competitiveness. Remember, guys, that while we complain about Trump’s tariffs on us, EU countries effectively impose 110% tariffs on each other. It has to end

    This is why, as a side-note, I urge everyone from these countries to vote for pro-EU parties. Even if you don’t ever vote, I can’t overstate just how important 2027 will be. It’ll mean either ascendance of the EU or the beginning of its demise

  4. CommonSenseLib on

    Now let’s see how much money Cantor Fitzgerald makes when companies start trying to get their money back. Likely a lot of deals will be made because most companies wont be able to tie up their money in prolonged court cases so they will make deals with firms like that to get a portion of the tariff rebates while the firm itself will get the majority of it. Of course these firms won’t really have to get tied up in court because of insider deals.

    Everyone wins except the plebs.

  5. Independent-Bug-9352 on

    If you understand the amalgamation of Republican leadership largely being comprised of:

    – Greedy business oligarchs
    – Christian-Fascist Nationalists
    – Russian & Israeli interest

    … Then you can better understand their decisions — Remember this is an extremely stacked conservative Supreme Court (whose majority-appointments were put in by Trump)

    Thus far they have shown to be Christian Nationalists (and thus rule in favor of conservatism on most social issues), and largely catering to business oligarchs; though they may not be entirely compromised by foreign adversaries.

    They know that domestically many apathetic or conservative Americans only care about the stock market and 401k (retirement savings), and this decision is for them. This is damage-control for an inbound disastrous midterm election (should it be legitimate in the first place).

    You wouldn’t believe how many of my fellow Americans go, “yeah… I don’t like Trump, don’t like he tried to overthrow a free and fair election or is murdering ICU nurses and American citizens, or that he’s all over the Epstein files and tried to cover it up… But he’s good for my wallet!”

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