Furious Trump signs global 10% duty after supreme court issues tariff blow (www.theguardian.com)
from MicroWave@lemmy.world to world@lemmy.world on 21 Feb 15:58
https://lemmy.world/post/43415502

Trump calls six justices a ‘disgrace to the nation’ while praising three justices who dissented

Donald Trump on Friday railed against the supreme court justices who blocked his use of tariffs, calling them a “disgrace to the nation”, and later signing documents imposing a 10% tariff on all countries.

Trump said he would immediately sign an order increasing tariffs globally by 10% under section 122 of the Trade Act of 1974 and will begin investigations of unfair trade practices allowing further tariffs. He asserted that he had the authority to impose additional tariffs under existing statutes without congressional approval.

By Friday evening, Trump posted on Truth Social: “It is my Great Honor to have just signed, from the Oval Office, a Global 10% Tariff on all Countries, which will be effective almost immediately.”

#world

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ji59@hilariouschaos.com on 21 Feb 16:29 next collapse

I just don’t understand why tariffs issued by Congress isn’t enough for him. Why it must be him who imposes the tariffs?

joekar1990@lemmy.world on 21 Feb 17:00 next collapse

Pretty sure he’s got a power kink and loves to watch others suffer.

venusaur@lemmy.world on 21 Feb 17:19 collapse

He’s dying soon and doesn’t have to deal with the repercussions. Also getting scared the Epstein stuff will get to him. It’s a lose lose. Back him into a corner and he’ll blow it all up.

OwOarchist@pawb.social on 21 Feb 17:08 collapse

Because it’s the bully stick he gets to hit other countries with to get his way … or just to retaliate against those who offend him.

Also because the on-again off-again arbitrary and unpredictable tariffs are a great opportunity for insider trading for those in his inner circle who are given advanced notice of his capricious changes.

Also because doing random bullshit with tariffs occupies the news cycle and helps distract from a lot of the other bullshit he’s doing or has done in the past.

[deleted] on 21 Feb 17:50 collapse
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BeanGoblin@lemmy.blahaj.zone on 21 Feb 16:29 next collapse

He doesn’t even have a reason this time. He’s just doing it to prove he can. He going to tank the economy just to spite us.

25th amendment. Now.

kboos1@lemmy.world on 21 Feb 17:23 next collapse

*Has tanked the economy

Now he’s trying to prove that his supporters can turn against him and they still can’t touch him.

Dragomus@lemmy.world on 21 Feb 17:43 next collapse

I am convinced he hopes something happens that sidelines the judges that he can’t use so he ca install a full court that gives projects 2025 and 2026 a smooth sailing…

Witchfire@lemmy.world on 21 Feb 18:04 collapse

But his rich buddies got 10x wealthier so really the economy is booming /s

BreakerSwitch@lemmy.world on 21 Feb 17:59 collapse

Just wait until the GENIUS act goes into effect next year!

random_character_a@lemmy.world on 21 Feb 16:55 next collapse

Aww. They took little Donnys only tool to feel he actually matters.

vegeta@lemmy.world on 21 Feb 17:01 next collapse

<img alt="" src="https://lemmy.world/pictrs/image/bd974ea8-eaaa-4974-a0f8-67b9429c91bf.png">

madde@feddit.org on 21 Feb 17:18 next collapse

So what about all these “deals” all the other governments like the UK, SK and EU did with the US to bring tarrifs down to 10 or 15 %? I suppose they are now all void as well?

albbi@piefed.ca on 21 Feb 17:46 next collapse

I hope every country with a side deal recinds it and just forgets about trading with the USA for a while.

frongt@lemmy.zip on 21 Feb 18:22 collapse

As an American, yeah me too.

Unfortunately I don’t think the lesson will each the people who need it the most. Republican voters don’t seem to be capable of learning.

FlexibleToast@lemmy.world on 21 Feb 17:53 collapse

They got what the deserved. They got played. You can’t make a deal with Trump.

Mihies@programming.dev on 21 Feb 18:38 collapse

If only somebody could foresee this outcome…

FlexibleToast@lemmy.world on 21 Feb 18:44 collapse

It’s too bad he doesn’t have a long history of dealings that could be referenced.

20cello@lemmy.world on 21 Feb 17:57 next collapse

Fucking lunatic

elgordino@fedia.io on 21 Feb 19:23 next collapse

15% now. He obviously didn’t get enough attention at 10%

bagsy@lemmy.world on 21 Feb 19:37 next collapse

petty tyrant

ChadGPT2@lemmy.world on 21 Feb 20:16 collapse

What exactly is the function of the supreme court if he just does whatever he wants? He just broke the law blatantly. 100%. What will happen to him?

Nothing. No justice. System needs to be rebuilt from the ground up.