How's it going America,
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Let's get into it:
The Supreme Court on Friday struck down Trump's tariffs on goods from foreign nations, a key component of Trump's foreign policy and America First agenda. The court said that the International Emergency Powers Act does not authorize Trump to impose tariffs.
"IEEPA does not authorize the President to impose tariffs," the ruling stated. "The judgment in No. 24-1287 is vacated, and the case is remanded with instructions to dismiss for lack of jurisdiction; the judgment in No. 25-250 is affirmed."
Trump has used tariffs for so many things: to increase American manufacturing and boost American jobs, to limit foreign competition for American labor and goods, and to get nations to play ball with American dominance on the global stage.
Chief Justice John Roberts wrote for the court, "the Government reads IEEPA to give the President power to unilaterally impose unbounded tariffs and change them at will. That view would represent a transformative expansion of the President’s authority over tariff policy. It is also telling that in IEEPA’s half-century of existence, no President has invoked the statute to impose any tariffs, let alone tariffs of this magnitude and scope."
This opinion from the court is definitely a blow to Trump's leadership. Trump had required that any nation that imposes tariffs on the US should face the same tariffs when sending goods to the US. Industry began to move back into the US to save money, giving Americans jobs and increasing American-made goods.
The hope for the Trump administration here, since appeals have reached their limit, would be that the good that's been done for American jobs has already been done, that the moving of factories is too cumbersome to reverse. My guess is that the administration will come up with something else as a means to say: the United States is not an economic zone, American jobs matter, we're not here just as a global marketplace.
Also, aren't we all sick of being inundated with trash goods all the time? I don't know if tariffs would have gotten us there, but how much I would love to see quality goods at reasonable prices, even if it means saving a little longer to get that sweater, or getting one new shirt instead of two, instead of a bunch of plastic, poorly made things for cheap.
I will be coming up tonight on Timcast IRL, you won't want to miss it!
Libby