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|    alt.politics.trump    |    The politics of badass Donald Trump    |    145,682 messages    |
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|    Message 145,547 of 145,682    |
|    Rolf to All    |
|    Trump says he has signed order for new g    |
|    22 Feb 26 11:41:04    |
      XPost: alt.politics.republicans, or.politics, sac.politics       XPost: talk.politics.guns       From: rolf@msnbc.com              Hours after signing a proclamation that would implement a global 10%       tariff following the Supreme Court's decision to strike down most of his       levies, President Donald Trump said Saturday that he would raise those       tariffs to 15%.              Trump made his announcement in a social media post Saturday where he       again railed against the high court for what he argued was a       "ridiculous, poorly written, and extraordinarily anti-American       decision."              "During the next short number of months, the Trump Administration will       determine and issue the new and legally permissible Tariffs, which will       continue our extraordinarily successful process of Making America Great       Again -- GREATER THAN EVER BEFORE!!!," he posted without giving more       details.              The 15% rate is the upper limit allowed under Section 122 of the Trade       Act of 1974.              On Friday evening, Trump signed an executive order that raised lowered       tariffs on almost every country outside of the U.S. to 10%.              According to the order, the new tariff on global imports will take       effect Tuesday, however, it is not immediately known if the new 15% rate       would begin on that day.              Earlier Friday, Trump previewed his alternate plan to impose tariffs       under a different legal authority, lambasting the Supreme Court's       decision as "deeply disappointing."              "Other alternatives will now be used to replace the ones that the court       incorrectly rejected," Trump told reporters in the White House briefing       room. "We have alternatives, great alternatives, could be more money.       We'll take in more money and we'll be a lot stronger for it."              But such tariffs can only last for 150 days without congressional       approval. When asked about that limitation, Trump claimed he could "do       pretty much what we want to do."              Pressed more broadly on whether he was going to ask Congress (where       Republicans currently hold a majority in the House and Senate) to take       additional action on tariffs, Trump said he didn't believe he needed to.              Neal Katyal, the lead attorney who challenged the president's tariffs,       responded to the announcement on X and pushed back against Trump relying       on the 15% statute.              "Seems hard for the President to rely on the 15 percent statute (sec       122) when his DOJ in our case told the Court the opposite: 'Nor does       [122] have any obvious application here, where the concerns the       President identified in declaring an emergency arise from trade       deficits, which are conceptually distinct from balance-of-payments       deficits,'" Katyal said.              "If he wants sweeping tariffs, he should do the American thing and go to       Congress. If his tariffs are such a good idea, he should have no problem       persuading Congress. That's what our Constitution requires," he added.              The new global tariff will apply to countries that already struck trade       deals with the U.S., according to a White House official.              The official said that the countries covered under the 10% rate include       the United Kingdom, India, Japan and the European Union -- though the       list was not exhaustive.              This would lower tariffs on many deals he has negotiated; for example,       the trade deals set tariff rates at 15% with Japan and 18% with India.              "This really is a sort of Band-Aid tariff," Erica York, vice president       of federal tax policy at the Tax Foundation, told ABC News. "We know       that these tariffs can't go higher than 15% for the next 150 days, but       we have no idea what's coming after that."              York stresses that even without the IEEPA authority to impose tariffs,       Trump's 15% levies "maintains quite a high rate on US imports compared       to where we were before Trump came into office."              The Tax Foundation estimates that the tax burden on American households       with this new tariff rate will be about $700 in 2026, compared to $1,000       in 2025.              "There's a lot of chaos and uncertainty, and that itself can take a toll       on business decisions and on financial planning. All in all, the policy       environment right now is not one that's conducive to growth," York said.              A fact sheet from the White House laid out a list of exemptions from the       new tariffs, including on foods like beef, pharmaceuticals, cars and       some electronics.              Imports from Canada and Mexico that fall under the U.S.-Mexico-Canada       trade agreement struck during Trump's first term in office also will not       face the new 10% tariff.              Trump also signed another executive order extending a suspension of       what's known as the de minimis exemption, which previously allowed low       value goods under $800 to be shipped the U.S. duty-free. Trump first       suspended the de minimis exemption last year. The new order implements       the 10% tariffs on those goods, which often come from retailers, such as       Shein and Temu.              The Supreme Court's 6-3 ruling marked a major blow to what has been the       cornerstone of Trump's economic agenda in his second term and one of his       longtime political goals. Trump publicly lobbied the court for months to       rule in his favor.              The court's majority deemed that the International Emergency Economic       Powers Act (IEEPA) does not give him the power to unilaterally impose       tariffs. Congress, not the president, has the power to impose tariffs       and taxes, the majority concluded.              "I'm ashamed of certain members of the court, absolutely ashamed, for       not having the courage to do what's right for our country," Trump said.              Three conservative justices joined the liberal justices in invalidating       the IEEPA tariffs, including two justices nominated by Trump: Justices       Amy Coney Barrett and Neil Gorsuch. The opinion was delivered by Chief       Justice John Roberts.              Further attacking the court, Trump said "they're just being fools and       lapdogs for the RINOs and the radical left Democrats." He said that the       families of the conservative justices who ruled against the       administration should be embarrassed, and called the liberal justices on       the court a "disgrace to our nation."              Trump said that because of the ruling, "Foreign countries that have been       ripping us off for years are ecstatic. They're so happy, and they're       dancing in the streets, but they won't be dancing for long that, I can       assure you."              The president also said he will start investigations under Section 301       of the 1974 Trade Act, though he did not specify which countries or       sectors they would target. These investigations can take weeks or       months, and are used in response to an adverse trade policy taken up by       another country.              "We're going forward," Trump said.              Trump congratulated Justices Samuel Alito, Clarence Thomas and Brett       Kavanaugh for their dissents in this case. He specifically praised       Kavanaugh, saying his "stock has gone so up."              >From the White House briefing room podium, Trump read aloud part of       Kavanaugh's dissent in which the justice said the court's decision       "might not substantially constrain a President's ability to order       tariffs going forward."              Kavanaugh also noted in his dissent the silence from the court's              [continued in next message]              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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