Tariffs are Taxes

Trump wants the cable assets under Paramount/Ellison control before the midterms if they can help it!

Tariffs are “having the exact opposite effect of their intention ..”

(via Vital Knowledge) #ISM

Why hate on the Switch 2?

Strange that this is coming before Pokémon Coliseum.

I think Browt is meant to rhyme with sprout.

For those looking to diversify, try $VSGX for an ETF that is only international with ESG standards.

The problem is the US owners of Tiktok are Trump aligned.

Will it destroy 10 times as many jobs?

Absolutely!

Supreme Court strikes down most of Trump's tariffs in a major blow to the president The decision does not affect all of Trump's tariffs but invalidates those implemented using an emergency law.

BREAKING: The Supreme Court strikes down most of Trump’s tariffs in a major blow to the president's agenda.

BREAKING

In a 6–3 decision, the Supreme Court of the United States ruled that President Trump’s use of emergency tariffs was unlawful.

Justices Clarence Thomas, Samuel Alito, and Brett Kavanaugh dissented.

Chief Justice John G. Roberts authored the majority opinion.

Key issue to bear in mind as you watch today's political response to the Supreme Court tariff decision: The Court didn't say that the US can't issue tariffs, simply that the President has to convince (the Republican-controlled) Congress first. If tariffs are great, that should be easy to do.

Trump brazenly violated the Constitution. An entire political party went along with this. He seized power no president has, and he wielded it arbitrarily to serve his own ego. Finally, a restraint is imposed on the Mad King. Better late than never. But it has taken too long.

Trump will have a plan to reconstruct a lot of his tariffs after this SCOTUS ruling through a combination of other legal authorities (232, 301, 122). But those authorities are more narrow and process-intensive, so he has lost the ability to just rapidly slap tariffs on any country on a day's notice

BREAN:

January core goods prices are now “1.6% higher than January 2025. The pace of increase in these prices is not, in itself, alarming but the trend is unmistakably upwards. Until this measure of price increases stabilizes .., no one can claim that peak tariff pressures have passed ..” #CPI

Who would'a thunk it? Ground coffee prices stabilize, ground beef price growth decelerates after tariff removal... It's like basic trade theory works! #EconSky @taxpolicycenter.bsky.social

If IEEPA tariffs get struck down, I suspect the other countries will simply not follow their side of these not-legally-binding agreements.

All Trump had to do was nothing. Instead he disrupts nearly every market with tariffs.

They should have followed through on the Wendy’s Carvers idea.

Imports of high value chips are going to dampen GDP readings.

If he was an informant then presumably he would be given immunity from any crimes he was involved in.

The only artwork I want to see is on a Switch 2 game case!

I always felt Biden wasn’t necessarily too old to be President during his first term, but definitely too old to run an effective political campaign.

"The Trump tariffs amount to an average tax increase per US household of $1,000 in 2025 and $1,300 in 2026....

"The Trump tariffs are the largest US tax increase as a percent of GDP (0.54 percent for 2026) since 1993."
@taxfoundation.bsky.social
taxfoundation.org/research/all...

The tariff man taketh New research from the nonpartisan Tax Foundation found that the president’s trade policies cost U.S. households about $1,000 on average last year.

"...the nonpartisan Tax Foundation found that the president’s trade policies cost U.S. households about $1,000 on average last year, matching the average refund...touted by administration officials like Treasury Secretary Scott Bessent and top GOP lawmakers..."
 
www.politico.com/newsletters/...

If they’re going to do it, they’re waiting to see which states are going to be pivotal to congressional control in the midterms. Then they’ll ramp up the “fraud” rhetoric in the months leading up as a pretext. Though it’s likely that the ICE overreach is going to backfire and they know it.

These “deals” are not normal. Only Congress ratifies trade agreements. Not one’s that hang on the whims of Trump.

But we can’t build wind farms!

We need more games with this style!

It was fine! There weren’t too many surprises though.