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Trump raises tariffs to 15% day after Supreme Court ruling

32 points by rwmj

by 7777777phil

1 subcomments

Section 122 caps at 15% and expires in 150 days without Congress. So I would assume this is a "negotiating position", not a trade regime.
I'm more interested to see how the Fed reads it, since tariffs map directly into cost-push shocks that force a dual mandate tradeoff between inflation and employment. Covered this angle recently: https://philippdubach.com/posts/dual-mandate-tensions/

by JumpCrisscross

2 subcomments

The wild thing is Republicans would probably keep the House if Miller et al let the illegal tariffs expire. The tax cut would probably even give the Fed room to cut rates. Not sure who in the White House is most directly pushing for these. But they're clearly hurting both America and Trump.

by jqpabc123

1 subcomments

Who thought that putting a serial bankruptcy artist in charge of the nation's economy was a good idea?
The whole premise of tariffs leading to US manufacturing is a blatant lie. Raising the cost of raw materials (copper, aluminum, steel, wood, electroncs) while ridding ourselves of cheap labor isn't going to encourage manufacturing in the USA. It does the opposite.
And the stats show this:
https://www.jec.senate.gov/public/index.cfm/democrats/2026/2...
Aside from raw materials, manufacturing in the 21st century will be about two things --- robotics and low cost energy.
Most high pay manufacturing jobs are gone like a '59 Cadillac, they ain't never coming back. Trump is pulling yet another con by claiming otherwise.

by lysace

1 subcomments

This man is not well.