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Shock court ruling on Trump tariffs

(86 Posts)
Wyllow3 Thu 29-May-25 13:20:02

This is mind blowing stuff.

A US federal court blocks President Donald Trump's sweeping tariffs, in a major blow to his economic policies

Three judges rule that Trump overstepped his authority when he used an emergency law to impose tariffs on nearly every country.

BBC verify an hour ago.

"US government raked in billions after Trump tariffs
The US has collected more than $40 billion in border duties since tariffs took effect, according to the Department of the Treasury - a record amount.

If the White House's appeal against the ruling blocking many tariffs is not successful, a big chunk of that will need to be refunded.

As the chart below shows, April and May saw the level of duties collected hit at least more than double the average since 2020.

Duties on cars, aluminium and steel are not impacted by the ruling, but the sweeping so-called reciprocal tariffs unveiled by Trump - 10% across the board for most countries and 30% for China - have been rendered legally void.
If higher courts do uphold Wednesday’s ruling after the White House appeals, that could be a hefty bill for the US government.

Whats more - just look at this report from the timeline

*
The chart below shows how US investors have reacted positively so far to the court ruling on Trump’s tariffs*
Futures are agreements to buy or sell stocks at a set price in the future, so these movements provide an indication of what could happen when US markets open later today.

The Nasdaq-100, S&P 500 and the Dow Jones all rose after the announcement.

Trumps reaction

But moments after the ruling, the Trump administration said it is appealing because it is "not for unelected judges to decide how to properly address a national emergency" - and some tariffs levied under other laws are not impacted by the decision

The US is currently negotiating individual trade deals with dozens of countries - those talks have now been thrown into chaos.

www.bbc.co.uk/news/live/c2dekzjg6gzt

Wyllow3 Thu 29-May-25 13:42:04

NB - thanks to our recent negotiations with the US, it won't affect the UK greatly

"This latest twist in the Trump trade tariff drama has many people asking what it means for the UK's deal with the US.

The answer is actually not as much as you might think.
For a start, the tariffs that the US court has ruled illegal do not include those on cars, which make up the bulk of what the UK exports to the US, and steel and aluminium, which are the other UK industries most affected.

UK exports of cars are currently attracting 27.5% tariffs while steel and aluminium are hit with 25% tariffs - the same as every other country. Wednesday's ruling has not changed that.

AuntieE Thu 29-May-25 13:51:22

Hardly, a shock, surely?

The court seems very rightly to have said that the President cannot just issue decrees, but has to go through the usual parliamentary channels when he wants to impose tariffs.

President Trump is supposed to be the president of a democracy, not the dictator of a tolitarian state, he obviously believes he either is, or should be.

The sooner the USA stops his dangerous behaviour the better, otherwise we, that is the rest of the world will need to if things get any worse.

By which I mean if he really thinks he can annex Canada or Greenland and tries to do so.

Wyllow3 Thu 29-May-25 14:08:30

I must admit I was shocked by this one.

He doesn't consult the relevant laws before he acts, seek legal and financial advice, above all, consider consequences.

He didn't even listen to large chunks of the business and financial community before his dramatic presentation in the rose garden when he put tariffs on penguins and had to climb down.

Its heartening however the judiciary are challenging him, and this time they seem to have substantial backing from Wall Street.

eazybee Thu 29-May-25 14:33:16

The sinister phrase is: it is "not for unelected judges to decide how to properly address a national emergency"

I believe in America Judges are appointed by a different system, and I wonder if these Judges will be summarily removed.

Chocolatelovinggran Thu 29-May-25 14:44:14

I feel that the " National Emergency " is that an idiot is in the White House..
On a serious note, I share eazybee's conviction that these judges will find themselves summarily dismissed.
Mr Trump has a taste for revenge- taking.

Wyllow3 Thu 29-May-25 14:51:27

Then the judges take it to the Supreme Court.....how much this is all costing the administration who promised cost cutting must be mind boggling.

Wyllow3 Thu 29-May-25 14:57:07

I turned to Fox News to get what is usually a pro Trump POV.

The judges weren't all "lefties"

"The case was heard by three judges: Timothy Reif, who was appointed by Trump, Jane Restani, named to the bench by President Ronald Reagan and Gary Katzman, an appointee of President Barack Obama."

Anyway, the Fox article gives clear indications of a "both sides" POV, showing substantial concern on tariff policies.

www.livenowfox.com/news/federal-court-blocks-trump-tariffs-under-emergency-powers-law

AGAA4 Thu 29-May-25 15:36:32

If the court the appeal goes to is probably Trump, which it well may be, then he will get away with it.
I feel sorry for all those small businesses in the US who will lose out due to the tariffs. Well done to them for bringing this up.

AGAA4 Thu 29-May-25 15:37:14

Pro Trump! Not probably.

Wyllow3 Thu 29-May-25 15:43:02

Ah, its not the Supreme Court.

"Federal judges can only be removed from office through the impeachment process. The House of Representatives initiates impeachment, and the Senate tries the impeachment"

Whitewavemark2 Thu 29-May-25 15:45:15

I reckon what will happen is that it will go to the Supreme Court and as they have been put into place by Trump, will overturn the judgement.

Sarnia Thu 29-May-25 15:55:39

The Donald is not having a good day. The US trade court blocking his tariffs and Elon Musk jumping ship. I know Musk was there temporarily but he made it plain in his interview what he thinks of Trumps' grasp on economics.

Wyllow3 Thu 29-May-25 16:01:37

Whitewavemark2

I reckon what will happen is that it will go to the Supreme Court and as they have been put into place by Trump, will overturn the judgement.

Well, appointed over time by different POTUS so its currently a 5/4 majority but its one to watch not just because of tariffs but the claim that the USA needs to be under emergency as in wartime measures. My guess is it could go either way....

Whitewavemark2 Thu 29-May-25 16:06:25

Yes I do know really - it is me being pessimistic 😞.

Ladyleftfieldlover Thu 29-May-25 16:16:54

Didn’t one of trump’s appointees to the Supreme Court (young woman) abstain from a trump related thing recently? I can’t remember the whole story. Basically trump can’t expect the Supreme Court to back him every time, even though the majority are right wingers.

Whitewavemark2 Thu 29-May-25 16:22:35

Yes I can’t remember exactly, but he didn’t get his way then. I bet wyllow will know.

Whitewavemark2 Thu 29-May-25 16:49:50

Mind you there is a veritable tsunami of court cases trundling along. Trump is going to be very busy defending them all.

Smileless2012 Thu 29-May-25 17:17:12

Maybe a good thing Whitewavemark if he's too busy to interfere in other countries affairs, which he only seem to make worse anyway.

Norah Thu 29-May-25 17:20:18

Sarnia

The Donald is not having a good day. The US trade court blocking his tariffs and Elon Musk jumping ship. I know Musk was there temporarily but he made it plain in his interview what he thinks of Trumps' grasp on economics.

Quite amusing, really. TACO on tariffs (Trump Always Chickens Out) bit is particlarly humourous, in my opinion.

Kari4 Thu 29-May-25 17:24:13

Well it’s about time someone reigned him in!

Wyllow3 Thu 29-May-25 18:58:21

Whitewavemark2

Yes I can’t remember exactly, but he didn’t get his way then. I bet wyllow will know.

I don't.

The cost of all these cases and challenges to the government must be mounting exponentially when tax cuts promised. Never thought through, is it.

Wyllow3 Thu 29-May-25 19:24:08

Sarnia

The Donald is not having a good day. The US trade court blocking his tariffs and Elon Musk jumping ship. I know Musk was there temporarily but he made it plain in his interview what he thinks of Trumps' grasp on economics.

Yes - its not just that foreign buyers of Tesla products are pulling out in order to object to tariff policy,

but at home, given that Trumps regime are climate change deniers, why buy an electric car?

Hoist by own petard, etc.

"The Elon Musk–led automaker’s sales continue to decline in the continent, dropping by 49 percent since April 2024 across 32 countries, according to a report by the European Automobile Manufacturers’ Association released Tuesday.

In the background of the company’s terrible tumble, sales for all other electric car companies rose by 28 percent in April."

Grandmabatty Thu 29-May-25 21:01:26

Apparently a federal court has reinstated most of his tariffs. Just announced by Peter Stefanovich on Twitter

Wyllow3 Fri 30-May-25 00:16:18

Not quite as bad as that,

BBC timeline

"Trump's tariff plan is temporarily reinstated while a court considers a White House appeal one day after a federal court blocked the US's trade levies

White House advisor Peter Navarro says the Trump administration is ready to take its appeal to the Supreme Court, adding: "even if we lose, we will do it another way"

so the battle still on.........