#Tag · BT Free Social

#Tag

The challengers argued the “emergency powers” #law doesn’t even mention #tariffs & Trump’s use of it fails several legal tests, including one that doomed President Joe Biden’s $500 billion student loan forgiveness program.

The economic impact of Trump’s tariffs has been estimated at some $3 trillion over the next decade, acc/to the #CBO.

#law #economy #inflation #affordability #CostOfLiving #geopolitics #Trump #SCOTUS

Nonilex

@Nonilex@masto.ai · 4 days ago

#Trump set what he called “reciprocal” #tariffs on most countries in April 2025 to address #trade #deficits that he declared a “national emergency”. Those came after he imposed extra #duties on #Canada, #China & #Mexico, ostensibly to address a “drug trafficking” “emergency”.
A series of lawsuits followed, including a case from a dozen largely Democratic-leaning #states & others from small #businesses selling everything from plumbing supplies to educational toys to women’s cycling apparel.

#law

Nonilex

@Nonilex@masto.ai · 4 days ago

The economic impact of Trump’s tariffs has been estimated at some $3 trillion over the next decade, acc/to the #CBO.

#law #economy #inflation #affordability #CostOfLiving #geopolitics #Trump #SCOTUS

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