Court says Trump doesn't have the authority to set tariffs | Metals Mine

  • Court says Trump doesn't have the authority to set tariffs

    From axios.com

    A federal court on Wednesday ruled President Trump does not have the authority under economic emergency legislation to impose sweeping global tariffs. Why it matters: The U.S. Court of International Trade's ruling could bring the administration's trade war to a screeching halt. • By blocking entirely most categories of tariffs, the court effectively wiped out most of the regime Trump put in place since taking office. Driving the news: The court, ruling in two separate cases, issued a summary judgment throwing out all the tariffs Trump imposed under the International Emergency Economic Powers Act, or IEEPA. • ... (full story)

Comment Options
OutThere
May 28, 2025 9:13pm
Permalink
If it was illegal to begin with, do all the collected tariffs need to be paid back?
Reply
TraderTero
May 30, 2025 1:45am
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Quoting AaronWard
{quote} The law is not so clear, there are a lot of different laws, and emergencies are, by nature, subjective. More significantly, the Supreme Court has already shown its hand on 3 different matters. 1. It supports the expansive powers of the executive 2. Lower courts should not make large, binding rulings that have a blanket effect on the nation. That is the prerogative of the Supreme Court. 3. Domestic courts should not interfere with the foreign policy of the Executive.
"Although the US Constitution grants Congress the sole authority to levy taxes, including tariffs, Congress has passed laws allowing the President to impose tariffs for national security reasons unilaterally." -trade deficits are not a national security or emergency issue.

If lower federal courts cannot rule on any major issues, no cases will be taken to SCOTUS. This would mean unlimited executive powers resulting in separation of powers not existing anymore. https://en.wikipedia.org/wiki/Separa...s_Constitution
The Fool
May 29, 2025 2:42am
Permalink
Quoting Vancarbon
{quote} He and the administration have their agenda, it’s purely based on the application of tariffs and weakening of the dollar . I’m sure the first approach in the appeal would be based on the legitimacy of the introduction of emergency powers . Many decisions are overturned on appeal as we both know , this is the government appealing which adds impetus and leverage. If there’s alternatives to this route for the application they’ll...
The "emergencies" were just a sham. A trade deficit is not an emergency, it's not even a problem. Trump admin has its agenda, but as I've said, patience is wearing thin. The ill-conceived tariff grift is bad for business. Very few business leaders are on the same page with Trump. We'll see how long it takes for this to play out, but it'll probably just mean more of the same, chaos in the markets.
Subdude
May 28, 2025 7:59pm
Permalink
Quoting newschool
{quote} Well they are coming for the whites for 3+ decades now. You gonna do something about it? Or wait until you are a minority and all your kids are trans.
I am very curious how racism and homophobia factor into your trading system. But either way, hopefully more people submit cleanup reports on your posts, like I just did.
Reply
DwnUndrTrdr
May 28, 2025 7:42pm
Permalink
Quoting TheTownCrier
I can't even tell you how hard I'm praying for Trump to suspend Habeas and start arresting the unelected tyrants in black robes. It is loooong overdue that we level the playing field with the rest of the countries in the world who count on us for security, so they are able to finance all their social programs--which they then use as a false predicate to criticize us for our lack thereof. FOOLS, ever think that maybe we don't the STUPID government taking care of us from the cradle to the grave--on one hand, like you collectivist weirdos in other...


First they came for the Communists
And I did not speak out
Because I was not a Communist

Then they came for the Socialists
And I did not speak out
Because I was not a Socialist

Then they came for the trade unionists
And I did not speak out
Because I was not a trade unionist

Then they came for the Jews
And I did not speak out
Because I was not a Jew

Then they came for me
And there was no one left
To speak out for me
The Fool
May 28, 2025 7:57pm
Permalink
Quoting TheTownCrier
I can't even tell you how hard I'm praying for Trump to suspend Habeas and start arresting the unelected tyrants in black robes. ...
thank God the Pwoud Bois have arrived to keep us safe from Justice.
The Fool
May 28, 2025 8:08pm
Permalink
Quoting ebecerra85
So why didn't the Courts say this from the very beginning of the trade wars? Sounds like a game of merry-go-round to only profit from market chaos.
Do you understand anything about how Courts work? Judges don't make rulings when they get the urge to, by tweet....they follow a set process. Due process - ever heard of it?
Jade Gate
May 29, 2025 2:07am
Permalink
Quoting Vancarbon
{quote} The appeal will centre on the use of emergency powers . The interpretation of this will determine the outcome , it will be argued the rationale for their introduction was required .
From the article posted by OutThere

"There's also the question of whether the administration will seek alternative legal paths to implementing tariffs, Shah noted. Does the administration have alternative legal pathways to impose tariffs aside from invoking IEEPA? Could it use Section 232, 301, or 201 to implement tariffs?"

That is quite a critical question, are there other avenues that the administration could use in the meantime? Pretty sure they'd be very busy looking at exactly that.
Reply
Js3mwtRc
May 29, 2025 4:59am
Permalink
Cheatsheet on how Trump could sidestep the US court ruling and implement tariffs

https://www.forexlive.com/news/cheat...mufg-20250529/

He might be coming baaack!
Reply
Vancarbon
May 29, 2025 5:22am
Permalink
Quoting Js3mwtRc
Cheatsheet on how Trump could sidestep the US court ruling and implement tariffs https://www.forexlive.com/news/cheat...mufg-20250529/ He might be coming baaack!
Interesting .

Thank you .
Reply
Subdude
May 28, 2025 8:21pm
Permalink
Quoting gzforex20
{quote}Not really some of the orders gets blocked hours after they are passed. Local and federal judges should be stripped off these powers only Supreme court should have authority to block presidential orders.
Funny how no Trumpsters ever complain about the overreach of lower courts when they get a ruling in their favor. You lose in court - impeach the judge, you win - justice prevailed?
Reply
Foxikus
May 28, 2025 6:29pm
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Quoting Trader#A2E0
This stupid president must all country take action with law because he put take like this world is Us owner .
Even if you were a stupid European, you would know that Trump is just leveling the playing field. When we buy something from the US, it costs us +40% because of customs duties and VAT.
Reply
Foxikus
May 29, 2025 5:56am
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Chinese stocks did not react at all to the court's decision, which says it all; it was just a deliberate manipulation to drive small players out of the market. And the Chinese are happy because they bought cheaper gold again
Reply
TheTownCrier
May 28, 2025 7:18pm
Permalink
I can't even tell you how hard I'm praying for Trump to suspend Habeas and start arresting the unelected tyrants in black robes. It is loooong overdue that we level the playing field with the rest of the countries in the world who count on us for security, so they are able to finance all their social programs--which they then use as a false predicate to criticize us for our lack thereof. FOOLS, ever think that maybe we don't the STUPID government taking care of us from the cradle to the grave--on one hand, like you collectivist weirdos in other countries--while we ourselves are basically taxed into oblivion at every turn in order to fund the defense for your entirely emasculated cultures? Hence my wish that the revolution would get here sooner than later sort we can sort the men from the boys. That's what I call REAL JUSTICE. Not these flimsy flexes from unelected jurists who have NO COMMAND over the entire U.S. Military.
Reply
ffghost
May 28, 2025 6:18pm
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Quoting TimmyBTrades
+/- 8 hours for the appeal and reinstatement
You think it will take THAT long?
Reply
Starcraftmaz
May 28, 2025 6:46pm
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Irrelevant, will be appealed to the Supreme Court.
Reply
newschool
May 28, 2025 7:28pm
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Trump's team appealed 30 mins ago...
Attached Image (click to enlarge)
Click to Enlarge Name: trump appeal.jpg Size: 202 KB
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OutThere
May 29, 2025 12:22am
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Quoting Nala66
{quote} And can all those companies and individuals sue Trump for the billions lost globally.
This is the closest thing I could find but I'm not signed in, so I can't read the full article.
https://www.wired.com/story/tariffs-...und-logistics/
Reply
OutThere
May 29, 2025 1:08am
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Quoting Forgediron
{quote} Good point
Not only that, the tariffs were supposed to bring in approximately $150 billion per year to help his big beautiful bill which is based on that revenue.
Shows you how ill-conceived his ideas are.
Reply
Jade Gate
May 29, 2025 1:48am
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Quoting Vancarbon
I think it’s pretty obvious this will be overturned on appeal . If not, it makes the whole government agenda obsolete. That in itself has consequences and ramifications for the economy . Trump will comment today for certain . He’ll be spitting feathers and threaten to overrule the decision his wrath will be swift.
Fun and games at the Ok Corral. Can hardly wait for the over the top retort.

Not entirely sure it will be overturned. The ruling was pretty clear but what it will do is create further uncertainty and a very unstable investment environment.
Reply
OutThere
May 29, 2025 1:59am
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Good article. Basically says it all depends on the outcome of the appeal.
https://www.morningstar.com/news/mar...and-whats-next
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TudorIoan
May 29, 2025 4:18am
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Quoting OutThere
{quote} Trump has been eerily quiet about this. I think he has been told to shut the f up to not make things worse. That means it's not looking good for him.
It's a huge blow for him. They are about to take away his favorite toy, tariffs. He feels weak and sad for a while. Just give him time... the red color will come back on tweets and charts
Reply
OutThere
May 29, 2025 6:41am
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Quoting Js3mwtRc
Cheatsheet on how Trump could sidestep the US court ruling and implement tariffs https://www.forexlive.com/news/cheat...mufg-20250529/ He might be coming baaack!
Every single one of those options is way below what he is doing now. So at best he will have to take a serious downgrade on his perceived abilities.
He is one F'd TACO boy.
Reply
jblanked
May 29, 2025 6:58am
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Congress passed an act (1962 Trade Expansion Act) that allowed presidents to unilaterally apply tariffs in times of war or emergency (Trump claims immigration was/is an emergency)

There’s also the International Emergency Economic Powers Act (IEEPA) of 1977

And if I remember correctly, there was a Trade Act in 1974 too.

Give Trump a few hours to respond before trading again
Reply
The Fool
May 29, 2025 9:28am
Permalink
Quoting Vancarbon
Does anyone genuinely think ( irrespective of the reasons for the application of tariffs ) that today’s ruling won’t be overturned/bypassed somehow ? If it stands , it opens Pandora’s box for this administration .
Overturned, not so sure. But there are lots of workarounds, so it's probably just a temporary setback.
Vancarbon
May 29, 2025 2:03am
Permalink
Quoting Jade Gate
{quote} Fun and games at the Ok Corral. Can hardly wait for the over the top retort. Not entirely sure it will be overturned. The ruling was pretty clear but what it will do is create further uncertainty and a very unstable investment environment.
The appeal will centre on the use of emergency powers . The interpretation of this will determine the outcome , it will be argued the rationale for their introduction was required .
Reply
Vancarbon
May 29, 2025 2:23am
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Quoting The Fool
{quote}Why is it obvious? POTUS declared emergencies in order to ramrod a stupid tariff agenda down the throat of the American economy at large. Somthing, as noted, no POTUS has ever tried to do before. The whole idea behind the tariffs is just revenue, direly needed because the GOP dare not raise taxes on corporations and the wealthy. IdiotPOTUS says hey we don't need taxes at all! We'll have beaucoup revenue from tariffs, just like couple hundred years ago! It'll be great! We're all gonnabe rich! Duh? Nobody believes this bullshit. The guy who...
I’m not questioning the legitimacy of the courts decision , I’m merely stating we both know the nature of the man . He and the administration have their agenda, it’s purely based on the application of tariffs and weakening of the dollar .

I’m sure the first approach in the appeal would be based on the legitimacy of the introduction of emergency powers . Many decisions are overturned on appeal as we both know , this is the government appealing which adds impetus and leverage. If there’s alternatives to this route for the application they’ll also be explored or might already be in the pipeline . I don’t know the constitution well enough to comment about that .

It does say :

The Constitution delegates the power to set tariffs to Congress. In turn, Congress over the years had specifically delegated authority to the president to set tariffs in certain cases, such as trade-treaty violations. The question before the court, which has nationwide jurisdiction over all tariff and trade issues, was whether the IEEPA gave Trump the power to set unlimited tariffs on goods from nearly every country in the world.
Reply
Vancarbon
May 29, 2025 3:53am
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Does anyone genuinely think ( irrespective of the reasons for the application of tariffs ) that today’s ruling won’t be overturned/bypassed somehow ?

If it stands , it opens Pandora’s box for this administration .
Reply
2be
May 29, 2025 4:06am
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Quoting Vancarbon
Does anyone genuinely think ( irrespective of the reasons for the application of tariffs ) that today’s ruling won’t be overturned/bypassed somehow ? If it stands , it opens Pandora’s box for this administration .
Wander if that same court or any other court has the power to make bankruptcy illegal. Bankruptcy is often caused by treacherously uncontrolled balance sheets, not to mention moral bankruptcy achieved by promoting modern slavery on a scale which has never happened before while all the time shamelessly implementing virtue signalling trusting in the dumbness of crowd.

​​​​​​​
Reply
2be
May 29, 2025 4:22am
Permalink
Quoting OutThere
Are saying Trump is collecting tariffs to pay interest to the owners of it's debt and they should be happy about it? That interest has to be paid regardless of the debtor's source of income. That's why nobody is asking that question.
That is where fiction meets reality. A very ingenious way to create confusion and to endlessly perpetuate it.
The trade balance sheet, or more correctly, trade deficit points to the real money.
Interests pay on debts also points to the real money.
The ingenuity comes when real money is paid as interests on amounts created in the virtual world of ideas, meaning not real money, much of it not even printed.
Confusing the basic things might give a false appearance of correctness, but as usual the payments always are extracted from the wilfully blind, though always complaining and baselessly hoping to achieve harmonious and positive outcome by the confusing nature of reality with the unreality, at times filled with utopian and wishful thinking.
Reply
2be
May 29, 2025 4:46am — Edited
Permalink
Quoting OutThere
{quote} Well, what you wrote is a masterful piece on how to create confusion with a bunch of words virtually spoken.
words virtually spoken - sorry, wrong, these words have been written
To avoid confusion - there is a difference between spoken and written words, it is advantageous to work out the difference.

You are completely entitled to have an opinion.
One might agree or disagree with that, however the consequences or fruits brought about by confusion are there to be seen and experienced.

For thousands of years humanity tried to address the coexistence of reality alongside unreality (that is if unreality can exist), Plato for example postulated that the real world was the existence of ideas, according to that proposition, what we can see and touch is a mere reflection of that real world of ideas, a mere "shadow".
Currently the mere shadow is asked to pay real cash which can bee seen and touched for the virtual sums created in the world of ideas.
The question as to who is the beneficiary of the interest payments on the sum of fiat money has not been answered.

Have a nice day and an ice-cream too, before it is too late, the globe is getting warmer.
Reply
AaronWard
May 29, 2025 10:11am
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The most likely outcome is that the Supreme Court will say it was overreach by the lower court. That is probably 80%. The remaining 20% are pretty ugly and range from Congress approving the tariffs through to Trump defying the courts.
Reply
newschool
May 28, 2025 7:25pm
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NYC court... 5 small business (probably LGBTQ owned)

smells fishy AF
Reply
gzforex20
May 28, 2025 8:13pm
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Quoting The Fool
{quote}Do you understand anything about how Courts work? Judges don't make rulings when they get the urge to, by tweet....they follow a set process. Due process - ever heard of it?
Not really some of the orders gets blocked hours after they are passed. Local and federal judges should be stripped off these powers only Supreme court should have authority to block presidential orders.
Reply
Trader#69B7
May 28, 2025 7:21pm
Permalink
Quoting Trader#1C19
Biden's court
I decided to actually look at the linked article. They state it was 3 judges, appointed by:
1 from Obama.
1 from Reagan (Trump's idol) and
1 from Trump.
Reply
Trader#9D80
May 28, 2025 8:51pm
Permalink
None of this matters, it is all dog and pony as a precursor for when Trump ignores these meaningless “court orders” the legacy tabloids can point and say “see I told you so!”. It’s always “a group of judges” or “top economists” or “courts ruled”. Keep it nice and vague so the baby birds don’t get too curious. It isn’t the Supreme Court.

And the limp-wristed The Fool knows this. He/They was around when the Obama admin set the precedent. Executive orders like a battering ram through the constitution. Or Biden and Karmela who bragged they would ignore the courts and give all young voters free college as part of the campaign strategy. You remember this right The Fool? Just because you’re a little light in the loafers doesn’t mean you have the memory of a goldfish.
Reply
DonFF
May 29, 2025 1:42am
Permalink
Quoting Trader#86C3
Another left wing radical Judge who thinks he has more power than the elected President to set national policy. This will be overturned on appeal very shortly.
He is barely elected, and most Americans didn't support the dismantling of the constitution he swore to protect, not destroy, as he is doing even with this unauthorized takeover of the function of the other branches of Government - namely the Congress and the Courts!

It is ignoramas like you who give the world this despotic criminal/felon/treasonous of a person this highly inappropriate responsibility!

You should be ashamed of yourself and be supporting a recall of This despotic/clueless leader!
Reply
TraderTero
May 29, 2025 2:38am
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The only national emergency is DT himself.
TimmyBTrades
May 28, 2025 6:14pm
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+/- 8 hours for the appeal and reinstatement
Reply
atillaken
May 28, 2025 6:47pm
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Gbpusd crashed, GBPJPY skyrocket... Wtf Japan try to do?
Reply
ww3361
May 28, 2025 8:44pm
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“If you wait by the river long enough, the bodies of your enemies will float by.”
Sun Tzu
Reply
clockwork71
May 28, 2025 6:57pm
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Quoting TimmyBTrades
+/- 8 hours for the appeal and reinstatement
My first thought as well. After all, other presidents have done the same thing. However, if Congress would actually come to work - it could just be law.
Reply
DonFF
May 29, 2025 1:46am
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Quoting newschool
Trump's team appealed 30 mins ago... {image}
Anyone who knows anything about the USA constitution knows this is just a face-saving exercise.

There is nothing to appeal. The President does not have the authority under any circumstances to take over the Tariff-setting function, which is reserved exclusively for Congress.
Reply
DonFF
May 29, 2025 2:15am
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Quoting Jade Gate
{quote} From the article posted by OutThere "There's also the question of whether the administration will seek alternative legal paths to implementing tariffs, Shah noted. Does the administration have alternative legal pathways to impose tariffs aside from invoking IEEPA? Could it use Section 232, 301, or 201 to implement tariffs?" That is quite a critical question, are there other avenues that the administration could use in the meantime? Pretty sure they'd be very busy looking at exactly that.
There are no paths! It's like someone being hired to milk cows and deciding he wants to count cows instead!

The "job" of the President does not include imposing your ambitions at all cost!
It's just a job, why are people starting with Trump seeking to grandstand or worse use the power vested in him to do unacceptable things to others, the country, and indeed the world?

That is despicable regardless of whether it's done in Moscow, North Korea, or Washington!
Reply
DonFF
May 30, 2025 6:22am
Permalink
Quoting AaronWard
{quote} The law is not so clear, there are a lot of different laws, and emergencies are, by nature, subjective. More significantly, the Supreme Court has already shown its hand on 3 different matters. 1. It supports the expansive powers of the executive 2. Lower courts should not make large, binding rulings that have a blanket effect on the nation. That is the prerogative of the Supreme Court. 3. Domestic courts should not interfere with the foreign policy of the Executive.
There is also the issue of States rights and laws which is a significant holding point/guard rail preventing this "racepublican" treasonous Felon from wreaking more havoc on the country and the world!
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The Fool
May 28, 2025 8:28pm
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I posted the NYT article above. The judges ruled in response to lawsuits:

"In two separate lawsuits, a group of businesses and a coalition of state officials argued that Mr. Trump’s strategy had overstepped the authorities of his office, resulting in a global trade war that had saddled them with steep financial losses. The Court of International Trade agreed, finding in a single ruling that the law “does not authorize” the president to use the emergency powers law to issue tariffs."
The Fool
May 28, 2025 8:34pm
Permalink
Another one...

https://reason.com/2025/05/28/a-fede...rumps-tariffs/

The court ruled that Trump had overstepped the authority granted by IEEPA, which had never previously been invoked to impose tariffs.

"The court holds…that IEEPA does not authorize any of the Worldwide, Retaliatory, or Trafficking Tariff Orders," a three-judge panel on the court wrote. Those orders, the judges wrote, "exceed any authority granted to the President by IEEPA to regulate importation by means of tariffs."

The court's ruling is a sweeping one that covers all imports. "There is no question here of narrowly tailored relief," the three judges wrote in their ruling. "If the challenged Tariff Orders are unlawful as to Plaintiffs they are unlawful as to all."

....markets could rally for days on this news, as it apparently obliterates all of Trump's tariffs that were imposed under IEEPA. Appeal could take months.
The Fool
May 28, 2025 9:09pm
Permalink
Quoting Trader#9D80
And the limp-wristed The Fool knows this....
Well, we'll see. If Customs still wants to collect those tariffs, but the Courts say they are null and void..... What will happen when importers stop paying them? Will Trump mobilize the Pwoud Bois to go around and collect that needed revenue?

Personally, I got no skin in the game, either way: I'm not in import/export, and if the price of something that I need goes up, I can pay. ....Except for the fact that all the chaos has made trading dicier. I'd rather trade a more predictable market, any day.
The Fool
May 28, 2025 9:16pm
Permalink
Quoting OutThere
If it was illegal to begin with, do all the collected tariffs need to be paid back?
lol you should be a lawyer. That'd be probably a few hundred Billion $ to fight over....
Inserted Video
Nala66
May 28, 2025 11:30pm
Permalink
Quoting OutThere
If it was illegal to begin with, do all the collected tariffs need to be paid back?
And can all those companies and individuals sue Trump for the billions lost globally.
Reply
The Fool
May 29, 2025 2:09am
Permalink
Quoting Vancarbon
I think it’s pretty obvious this will be overturned on appeal . If not, it makes the whole government agenda obsolete. That in itself has consequences and ramifications for the economy . Trump will comment today for certain . He’ll be spitting feathers and threaten to overrule the decision his wrath will be swift.
Why is it obvious? POTUS declared emergencies in order to ramrod a stupid tariff agenda down the throat of the American economy at large. Somthing, as noted, no POTUS has ever tried to do before. The whole idea behind the tariffs is just revenue, direly needed because the GOP dare not raise taxes on corporations and the wealthy. IdiotPOTUS says hey we don't need taxes at all! We'll have beaucoup revenue from tariffs, just like couple hundred years ago! It'll be great! We're all gonnabe rich! Duh? Nobody believes this bullshit. The guy who bankrupted multiple casinos turns out to be bad for business. Who'd a thunk it? He will try to get this to the SCOTUS that he helped rig, but that's going to take months. SCOTUS in recess from late June through October anyway. Patience is wearing thin for how much damage bonehead will be allowed to do. He's not going to be King, not going to be a third term POTUS, and the GOP will be thrashed in the midterms if he is not reined in. I wouldn't be so sure team Trump can find a court willing to let him off this one.
OutThere
May 29, 2025 3:23am — Edited
Permalink
Are saying Trump is collecting tariffs to pay interest to the owners of it's debt and they should be happy about it?
That interest has to be paid regardless of the debtor's source of income. That's why nobody is asking that question.
Reply
OutThere
May 29, 2025 4:09am
Permalink
Quoting Vancarbon
Does anyone genuinely think ( irrespective of the reasons for the application of tariffs ) that today’s ruling won’t be overturned/bypassed somehow ? If it stands , it opens Pandora’s box for this administration .
Trump has been eerily quiet about this. I think he has been told to shut the f up to not make things worse. That means this is not looking good for him.
Reply
OutThere
May 29, 2025 4:28am
Permalink
Quoting 2be
{quote} That is where fiction meets reality. A very ingenious way to create confusion and to endlessly perpetuate it. The trade balance sheet, or more correctly, trade deficit points to the real money. Interests pay on debts also points to the real money. The ingenuity comes when real money is paid as interests on amounts created in the virtual world of ideas, meaning not real money, much of it not even printed. Confusing the basic things might give a false appearance of correctness, but as usual the payments always are extracted from the wilfully...
Well, what you wrote is a masterful piece on how to create confusion with a bunch of words virtually spoken.
Reply
OutThere
May 29, 2025 6:15am
Permalink
I think the best outcome Trump could hope for is that the decision to impose tariffs will have to be made by the congress as it should to begin with. Then he would need to force, cajole and threaten the congress to side with him which is his style anyway.
Until that happens, no tariffs can be charged other than those already passed by the congress.
Reply
OutThere
May 29, 2025 6:52am
Permalink
Quoting Vancarbon
{quote} He can bypass Congress on a temporary basis to give the administration enough time to do what you’re suggesting . He might not even need to do that if the decision can be overturned within the temporary timeframe .
Even if that option passes, he can do that with 100 countries? In a short time? As a temporary measure? Good luck to him. Trump's fast food TACO stand.
Why not just let the congress handle it while he goes golfing?
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Vancarbon
May 29, 2025 1:39am
Permalink
I think it’s pretty obvious this will be overturned on appeal . If not, it makes the whole government agenda obsolete. That in itself has consequences and ramifications for the economy .

Trump will comment today for certain . He’ll be spitting feathers and threaten to overrule the decision his wrath will be swift.
Reply
Vancarbon
May 29, 2025 4:37am
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Quoting OutThere
{quote} Trump has been eerily quiet about this. I think he has been told to shut the f up to not make things worse. That means this is not looking good for him.
Give it time . I’m expecting a comment on Truth social today , it’ll be timed as usual .
Reply
Vancarbon
May 29, 2025 6:43am
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Quoting OutThere
I think the best outcome Trump could hope for is that the decision to impose tariffs will have to be made by the congress as it should to begin with. Then he would need to force, cajole and threaten the congress to side with him which is his style anyway. Until that happens, no tariffs can be charged other than those already passed by the congress.
He can bypass Congress on a temporary basis to give the administration enough time to do what you’re suggesting . He might not even need to do that if the decision can be overturned within the temporary timeframe .
Reply
axecap
May 29, 2025 12:31am
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Quoting ebecerra85
So why didn't the Courts say this from the very beginning of the trade wars? Sounds like a game of merry-go-round to only profit from market chaos.
Courts dont speak until a case is brought before them and both sides are heard.
2be
May 29, 2025 2:42am — Edited
Permalink
Quoting newschool
Trump's team appealed 30 mins ago... {image}
Who owns the debt?
Who is the beneficiary of the interest payments due for the fiat money?
Nobody seems to be asking that question.
Reply
2be
May 29, 2025 5:27am — Edited
Permalink
Quoting DwnUndrTrdr
{quote} First they came for the Communists And I did not speak out Because I was not a Communist Then they came for the Socialists And I did not speak out Because I was not a Socialist Then they came for the trade unionists And I did not speak out Because I was not a trade unionist Then they came for the Jews And I did not speak out Because I was not a Jew Then they came for me And there was no one left To speak out for me
You are right, freedom of expression is important!
There are obviously different stands and propositions.
Interestingly history and current events clearly displays as to who is limiting that universally given right of the freedom of expression!
What if the communists came to destroy you?
Well documented atrocities. if in doubt read history and possible Solzhenitsyn, "The Gulag Archipelago"
Reply
2be
May 29, 2025 6:10pm — Edited
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Quoting AaronWard
The most likely outcome is that the Supreme Court will say it was overreach by the lower court. That is probably 80%. The remaining 20% are pretty ugly and range from Congress approving the tariffs through to Trump defying the courts.
Balancing trade deficit after decades of abuse is not easy, lots of hard work is required. It has become obvious that common sense approach to trade balance or trade imbalance in this case has been met with opposition from the outside and within the US.
The complexities and difficulties related to trade imbalance have been thus exposed alongside of inherent interests of various entities. IMHO this puts the current administration in a positive light to try to address what has been for variety of reasons ignored for a long time under previous administrations.
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AaronWard
May 29, 2025 7:46pm
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Quoting TraderTero
{quote} The law is quite clear regarding the tariffs. If SCOTUS sides with Trump and agrees that long term trade deficits constitute a national emergency it will mean that US has become a dictatorship. This case will be decisive for the future of USA.
The law is not so clear, there are a lot of different laws, and emergencies are, by nature, subjective.

More significantly, the Supreme Court has already shown its hand on 3 different matters. 1. It supports the expansive powers of the executive 2. Lower courts should not make large, binding rulings that have a blanket effect on the nation. That is the prerogative of the Supreme Court. 3. Domestic courts should not interfere with the foreign policy of the Executive.
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2be
May 30, 2025 7:38am
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Quoting DonFF
{quote} There is also the issue of States rights and laws which is a significant holding point/guard rail preventing this "racepublican" treasonous Felon from wreaking more havoc on the country and the world!
Yes, it is so bad that millions are trying to get in!
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AaronWard
May 30, 2025 8:26am
Permalink
Quoting TraderTero
{quote} "Although the US Constitution grants Congress the sole authority to levy taxes, including tariffs, Congress has passed laws allowing the President to impose tariffs for national security reasons unilaterally." -trade deficits are not a national security or emergency issue. If lower federal courts cannot rule on any major issues, no cases will be taken to SCOTUS. This would mean unlimited executive powers resulting in separation of powers not existing anymore. https://en.wikipedia.org/wiki/Separa...s_Constitution...
I understand your general concern about the consolidation of power of the Executive and that it comes at the unwillingness of Congress and the Supreme Court to stand up. That said, this one single action, one way or the other, will not spell the end of the Republic.

As concerns the legal issues, there is more grey than certainty at this point. One ruling by a lower court does not create an absolute law.
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Foxikus
May 28, 2025 6:43pm
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Quoting Trader#DE9A
{quote} Why are you calling him a "Stupid European"? There was nothing said about the EU... Are you ok? Need some pills?
Even if you were, but maybe he is not, you must read carrfully
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Foxikus
May 28, 2025 6:54pm
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Quoting Trader#DE9A
{quote} Did you skip your meds today?
What about your parents? They are still siblings?
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Trivion
May 28, 2025 7:57pm
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Quoting Trader#47F7
{quote} what is surprising about that ? Stopping tariffs is good for USD and bad for low risk currencies like JPY or CHF and good for high risk currencies like AUD or NZD.
Exactly.
Attached Image (click to enlarge)
Click to Enlarge Name: finviz 2025-05-29.png Size: 22 KB
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newschool
May 28, 2025 7:44pm
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Quoting DwnUndrTrdr
{quote} First they came for the Communists And I did not speak out Because I was not a Communist Then they came for the Socialists And I did not speak out Because I was not a Socialist Then they came for the trade unionists And I did not speak out Because I was not a trade unionist Then they came for the Jews And I did not speak out Because I was not a Jew Then they came for me And there was no one left To speak out for me
Well they are coming for the whites for 3+ decades now.

You gonna do something about it? Or wait until you are a minority and all your kids are trans.
Reply
DwnUndrTrdr
May 28, 2025 6:34pm
Permalink
Quoting Trader#86C3
Another left wing radical Judge who thinks he has more power than the elected President to set national policy. This will be overturned on appeal very shortly.
Okay, as I know it was a typo and you left the s off and didn’t mean singular judge but plural judges. I wouldn’t want everyone to think you were clueless and didn’t know the basics of the process and the ruling.
DwnUndrTrdr
May 28, 2025 6:53pm
Permalink
Quoting Trader#86C3
{quote} Time to increase your meds.
So the addition of s here with med(s) indicates you do understand the difference between plural and singular. So you were just ignorant and unaware of the process and ruling earlier.
Thanks for clearing that up
Trader#8CF4
May 28, 2025 6:13pm
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what a terrible shame
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Trader#A2E0
May 28, 2025 6:20pm
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Shame on u .. idiot president ever didnt know the ruleee ..foool!!!
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Trader#DE9A
May 28, 2025 6:35pm
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Quoting Foxikus
{quote} Even if you were a stupid European, you would know that Trump is just leveling the playing field. When we buy something from the US, it costs us +40% because of customs duties and VAT.
Why are you calling him a "Stupid European"? There was nothing said about the EU... Are you ok? Need some pills?
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Trader#86C3
May 28, 2025 6:39pm
Permalink
Quoting DwnUndrTrdr
{quote} Okay, as I know it was a typo and you left the s off and didn’t mean singular judge but plural judges. I wouldn’t want everyone to think you were clueless and didn’t know the basics of the process and the ruling.
Time to increase your meds.
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Trader#22E0
May 28, 2025 6:40pm
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That's why I love the American system. Here in Africa, you can't oppose the president.
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Trader#86C3
May 28, 2025 7:03pm
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Quoting DwnUndrTrdr
{quote} So the addition of s here with med(s) indicates you do understand the difference between plural and singular. So you were just ignorant and unaware of the process and ruling earlier. Thanks for clearing that up
Instead of troubling yourself if an "s" was omitted or not, just put another shrimp on the barbie mate.
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ebecerra85
May 28, 2025 7:29pm
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So why didn't the Courts say this from the very beginning of the trade wars? Sounds like a game of merry-go-round to only profit from market chaos.
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Trader#29A1
May 29, 2025 2:03am
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I imagine that many Americans will feel they elected a President & not an Emperor, nobody is saying there can't be tariffs - simply that the legal system of the USA should be followed to impose them. Those of us living outside of the USA are only seeing a continuous flow of presidential decrees, hopefully congress etc is still in operation & it's just not making the news headlines.
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The Fool
May 28, 2025 7:59pm
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https://www.nytimes.com/2025/05/28/b...smid=url-share
The Fool
May 28, 2025 8:04pm
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you can have your opinions about Trump's tariffs, but markets have shown time and again, without vacillation that they absolutely hate them. /ES up 95 now; /NQ up 420, etc...
Js3mwtRc
May 29, 2025 2:21am
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Trump exceeded his authority in imposing sweeping tariffs. He must pay back the tarriffs with interest if he lose the appeal!
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Vancarbon
May 29, 2025 5:34am
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That’s one comprehensive list .

Some of them temporary giving breathing space , others look a good workaround the judicial decision .
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BTCmailman
May 28, 2025 6:15pm
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ETH to the moon!!!!
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AaronWard
May 28, 2025 8:46pm
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I think that this is pretty far from one and done. Either we get the tariffs or...who knows what with trump...
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thebigshot
May 29, 2025 12:31am
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To 3150, then to 3050
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Forgediron
May 29, 2025 12:45am
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Quoting OutThere
If it was illegal to begin with, do all the collected tariffs need to be paid back?
Good point
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DracoMalfoy
May 28, 2025 6:14pm
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... pause in the trade war causing my portfolio to have bpd
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DracoMalfoy
May 28, 2025 9:39pm
Permalink
Quoting Trader#707D
{quote} Wingardium Leviosa
wingardium leviosa to everyone but gold.
Reply
Subdude
May 28, 2025 7:08pm
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Oh I bet sweet Karoline is about to shriek into the camera on Fox... grab your popcorn, folks!
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Subdude
May 28, 2025 7:12pm
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And when did not having authority ever stop this guy anyway? Last I checked CECOT was still open for business and accepting new residents, especially those relocating from U.S.
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Foxikus
May 28, 2025 6:22pm
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algos read " Trump doesn't have to set tariffs. Perfect midnight manipulation for bull trap.
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Foxikus
May 28, 2025 6:40pm
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The Court of International Trade issued its ruling in a case brought by a group of five small businesses who argued that Trump's tariffs are an "unprecedented power grab."

five small businesses?
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Foxikus
May 28, 2025 6:51pm
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I would start investigating judges suspected of market manipulation.

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Foxikus
May 28, 2025 7:18pm
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Quoting Trader#5989
Loss 4k because of this shit news
It's good to have sufficient margin for these midnight manipulations, the DAX is back from its trip, the French index, so
Reply
moonvalley
May 28, 2025 7:51pm
Permalink
Quoting newschool
Trump's team appealed 30 mins ago... {image}
Wake up, Americans. What caused the US debt was excessive military expenditures and the reluctance to switch to green energy.

245% tariffs on a country were indeed 'nonreciprocal'. All Trump can do now is to appeal. Meanwhile, I am betting on NAS100 rising above 22000.
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Trivion
May 28, 2025 7:11pm
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What... an interesting turn of events in this never ending saga.
I wouldn't hold my breath though.
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newschool
May 28, 2025 7:17pm
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Quoting atillaken
Gbpusd crashed, GBPJPY skyrocket... Wtf Japan try to do?
exactly

welcome to the BS world of forex
Reply
magicgate
May 29, 2025 1:18am
Permalink
common sense is in favor of a dollar decline till the trade balance alignment, other fluctuations are not significant
Reply
jjoohhnnyy13
May 28, 2025 6:57pm
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Quoting Trader#5989
Loss 4k because of this shit news
I got 3k bcs of this, but closed earlier
Reply
Ko.capital
May 28, 2025 9:20pm
Permalink
90 days of speculation
Reply
Trader#86C3
May 28, 2025 6:27pm
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Another left wing radical Judge who thinks he has more power than the elected President to set national policy. This will be overturned on appeal very shortly.
Reply
Trader#7847
May 28, 2025 6:43pm
Permalink
fuck
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Trader#2CA4
May 28, 2025 6:44pm
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TACO! YAY
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donroyalfx
May 29, 2025 2:27am
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That's why I love the American system. Here in Africa, you can't oppose the president.
I like this man ...this 4years will be good for day traders like me ....just position yourself and make little CASH OUT from MR PRESDENT
Reply
PXDTrader
May 29, 2025 4:08am
Permalink
Now it is clear for me why USA is with 36trillions in debt, and maybe if a war will not happen, will go bankrupt like in 1913 when the FOMC have been created. The President can only declare a war. Than he will have all the power and will be able to do his job. On the other hand, if the justice can do whatever their bias is, why do we elect a president? Just to show how big democracy we are? Who is interested in a democracy that will keep my pockets empty?
Reply
TraderTero
May 29, 2025 1:00pm
Permalink
Quoting AaronWard
The most likely outcome is that the Supreme Court will say it was overreach by the lower court. That is probably 80%. The remaining 20% are pretty ugly and range from Congress approving the tariffs through to Trump defying the courts.
The law is quite clear regarding the tariffs. If SCOTUS sides with Trump and agrees that long term trade deficits constitute a national emergency it will mean that US has become a dictatorship. This case will be decisive for the future of USA.
DonFF
May 30, 2025 6:18am
Permalink
Quoting OutThere
{quote} Trump has been eerily quiet about this. I think he has been told to shut the f up to not make things worse. That means this is not looking good for him.
Yes He could declare a war similar to his emergency declaration but This is the fastest way to accelerate the weekly growing Protests which will seal his fate to exit office to the delight of the whole world!
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Trader#1C19
May 28, 2025 6:14pm
Permalink
Biden's court
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Orbit7194
May 28, 2025 6:25pm
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Waiting for trump tweet
Reply
Trader#2017
May 28, 2025 6:27pm
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Ok, if this sticks why are bond yields not going up with stocks screaming to new all time highs?
Increased spending, lower taxes, and no income from tariffs.
Yet bond yields are just sitting doing nothing in the same range for quite awhile.
Reply
Sympson
May 28, 2025 6:36pm
Permalink
Gold sell it is
Tp 2902
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Sympson
May 28, 2025 6:41pm
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Gold sell TP 3202* There was a gap that wasn't filled.
Reply
Trader#DE9A
May 28, 2025 6:50pm
Permalink
Quoting Foxikus
{quote} Even if you were, but maybe he is not, you must read carrfully
Did you skip your meds today?
Reply
WisanTrades
May 28, 2025 6:59pm
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Gold went down crazy, if only I knew, exited the trad at +90 only...
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Mbsforex
May 28, 2025 7:07pm
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Shame
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Pablo209
May 28, 2025 7:28pm
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well said
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Trader#47F7
May 28, 2025 7:42pm
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Quoting newschool
{quote} exactly welcome to the BS world of forex
what is surprising about that ? Stopping tariffs is good for USD and bad for low risk currencies like JPY or CHF and good for high risk currencies like AUD or NZD.
Reply
Trader#47F7
May 28, 2025 7:48pm
Permalink
Quoting TheTownCrier
I can't even tell you how hard I'm praying for Trump to suspend Habeas and start arresting the unelected tyrants in black robes. It is loooong overdue that we level the playing field with the rest of the countries in the world who count on us for security, so they are able to finance all their social programs--which they then use as a false predicate to criticize us for our lack thereof. FOOLS, ever think that maybe we don't the STUPID government taking care of us from the cradle to the grave--on one hand, like you collectivist weirdos in other...
nobody need your security and your country was the only one actually force NATO to help itelf, nobody will hopefuly need your currency soon, USA is the one profiting of the world and I hope you will feel it yourself pretty soon.
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Trader#E757
May 28, 2025 8:14pm
Permalink
Quoting The Fool
{quote}Do you understand anything about how Courts work? Judges don't make rulings when they get the urge to, by tweet....they follow a set process. Due process - ever heard of it?
Someone with standing must bring suit to the court in order for them to rule. Gov actions could be illegal for years before someone is injured and brings suit. Just being illegal is not enough; someone must have standing (ie injury).
Reply
sakshi
May 28, 2025 9:16pm
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Without the tariffs, the US government goes back to being broke. I guess that's why US bonds are continuing to tumble
Reply
vickhie
May 29, 2025 2:40am
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What a shame
Reply
Trader#FDAB
May 29, 2025 5:29am
Permalink
Quoting OutThere
{quote} This is the closest thing I could find but I'm not signed in, so I can't read the full article. https://www.wired.com/story/tariffs-...und-logistics/
Try reading the article using the web archive: https://web.archive.org/web/20250527...und-logistics/
Reply
Trader#24F7
May 29, 2025 9:31am
Permalink
Quoting newschool
Trump's team appealed 30 mins ago... {image}
No country can buy this statement, as Us has a very long history of high budget deficit and this is because of many factors such as the globalization of world economy where US was among the biggest beneficial countries, tremendous military expenditures and so on.
It was quite obvious since in the beginning of this process that Tariffs were and still are unlawful, unjustice that would hurt first American household & US Economy as well as the entire world and this is proven day by day where the life of the ordinary American is getting harder and unbearable.
The decision of this court prove that once and for all.
Reply
Trader#50C7
May 30, 2025 6:59am
Permalink
Quoting Trader#86C3
Another left wing radical Judge who thinks he has more power than the elected President to set national policy. This will be overturned on appeal very shortly.
Not likely. You are mistaking the judge for the law. Neither the judge or the president make the laws. I am betting dollars to doughnuts that judges know a helluva lot more about the law than trump.
Reply
DonFF
May 30, 2025 4:05pm
Permalink
Quoting 2be
{quote} Yes, it is so bad that millions are trying to get in!
Millions are also staying out waiting for Responsible leadership!
Reply
Trader#69B7
Jun 1, 2025 3:08pm
Permalink
Quoting Trader#69B7
{quote} I decided to actually look at the linked article. They state it was 3 judges, appointed by: 1 from Obama. 1 from Reagan (Trump's idol) and 1 from Trump.
I'm stupid.
Maybe Reagan is a Trump idol, with his trickle-down economics and whatever else, but I mixed Reagan with Nixon.
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Trader#BD57
May 28, 2025 6:18pm
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🔥🔥
Reply
Trader#A524
May 28, 2025 6:23pm
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Free bias
Reply
Trader#A2E0
May 28, 2025 6:23pm
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This stupid president must all country take action with law because he put take like this world is Us owner .
Reply
Trader#E561
May 28, 2025 6:36pm
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Nice way of dumping GOLD!!!!!!
Reply
Trader#538A
May 28, 2025 6:39pm
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se vrai ça
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Trader#EBE5
May 28, 2025 6:39pm
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Thank you Trump 😢😢
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Trader#77D0
May 28, 2025 6:41pm
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Is this why the market is pumping
Reply
Trader#E757
May 28, 2025 6:48pm
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Now the fed has no excuse not to normalize rates as they planned.
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Trader#9717
May 28, 2025 6:51pm
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btc subira a los 125
Reply
Trader#5989
May 28, 2025 6:53pm
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Loss 4k because of this shit news
Reply
Trader#F139
May 28, 2025 6:55pm
Permalink
fkkk
Reply
Trader#B6F7
May 28, 2025 7:06pm
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You guy really thing the guy will say nothing bad about this
Reply
Trader#5B31
May 28, 2025 7:13pm
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HAHAHAHAHAHA.. Just when you think the world couldnt laugh harder at the good Ol U S of A... Boom. hahahahahaha
Reply
Trader#CD21
May 28, 2025 7:22pm
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USD rally is shortlived
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Trader#329A
May 28, 2025 7:30pm
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viva la libertad carajo !!!
Reply
Trader#707D
May 28, 2025 9:37pm
Permalink
Quoting DracoMalfoy
... pause in the trade war causing my portfolio to have bpd
Wingardium Leviosa
Reply
Trader#7E31
May 28, 2025 11:25pm
Permalink
Judges who arrived at this decision were appointed by Reagan and Trump.
Reply
Trader#FE1A
May 29, 2025 1:30am
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Finally rule of law has been restored in the great USA!!!
Reply
Trader#8657
May 29, 2025 2:13am
Permalink
Quoting Foxikus
{quote} What about your parents? They are still siblings?
Typical trumpster. Why are you such a loser?
Reply
Trader#D285
May 29, 2025 3:12am
Permalink
Quoting Trader#DE9A
{quote} Why are you calling him a "Stupid European"? There was nothing said about the EU... Are you ok? Need some pills?
Just stop buying anything from EU, you fool
Reply
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