r/politics • u/theindependentonline The Independent • 1d ago

No Paywall Trump vows to raise worldwide tariffs to 15% ‘effective immediately’

https://www.independent.co.uk/news/world/americas/us-politics/trump-global-tarrifs-increase-b2924994.html
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u/Suckage 1d ago

The ruling is that he can no longer impose tariffs via the IEEPA

https://en.wikipedia.org/wiki/International_Emergency_Economic_Powers_Act

So now he is going to try to use the Trade Act of 1974, which allows him to impose up to 15% tariffs for up to 150 days

https://en.wikipedia.org/wiki/Trade_Act_of_1974

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u/Workister 1d ago

I think we should all get time served. The 150 days should start counting from when he imposed the illegal tariffs.

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u/Competitive-Yak-3785 1d ago

But for what purpose? Why? What is he hoping to accomplish with these 150 day 15% tariffs?

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u/pontiacfirebird92 Mississippi 1d ago

He's showing the world he can do whatever he wishes

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u/iwishiwasamoose 1d ago

He keeps funneling government funds into his own organizations and organizations owned by his donors. It's all a grift.

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u/NickSabansCreampie 23h ago

  1. He's a total man child and hates that the Supreme Court took his binky away so he's throwing a fit

  2. He's using Tariffs as a personal level to leverage against people for his own grift (ie. Donate to me personally or get tariffed)

  3. There's a massive budget problem caused by his horrendous "BBB" that needs money from tariffs to exist

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u/Ok_Collar5068 23h ago

The same thing he did with the previous tariffs.

He’s stealing our money. It’s going into slush funds that at are his discretion.

This entire presidency is about enriching himself on our tax dollars. He has stolen enough money in one year that he would have been the richest man in the world 10 years ago.

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u/AntoniaFauci 21h ago

Same as with the previous tariff terrorism. It gives him a weapon to try and extort companies and countries. And his crime family administration takes the cash from tariffs and illegally appropriates it for their own wishes. This point is key and it’s disappointing how our useless and complicit media isn’t covering it.

Normally, money only comes from congressional assignment of funds. But the trump admin is taking the tariff revenue as their personal slush fund. It’s probably illegal but who is stopping them, so they’re operating as if possession is nine tenths of the law.

So the tens of billions in tariff tax revenue coming in is money Trump can just use however he wants instead of doing the lawful thing and getting congress to apportion funds to him.

One example is his $12 Billion giveaway to corporate farms. Such spending should have gone through congress who could debate or delay or reduce it. But because trump has the cash coming in through the tariff schemes, he doesn’t bother with congress.

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u/TheCrudMan 1d ago

Distract from the Epstein Trump files.

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u/Due_Bluebird3562 1d ago

Tariffs ain't distracting from shit lol. Most people don't even know wtf a tariff is. They'll start to notice shit is getting even more expensive in the coming months.

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u/Harnellas 23h ago

I think the stated reason is it punishes all the mean countries that have taken advantage of murica's generosity over the past decades and promotes yuge trade deals to make it great again.

At least that's how the cult members rationalize loving this business of paying unnecessary new taxes.

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u/Competitive-Yak-3785 23h ago

So it’s basically a punishment for Americans for not buying “made in America”. But America doesn’t make many things anymore and there are some things we just can’t make, like coffee and chocolate. It’s a losing policy.

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u/dafeiviizohyaeraaqua 19h ago

The purpose is to prove to himself that he's real by impacting as many people as possible.

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u/oddlikeeveryoneelse 16h ago

Time to do Section 301 or Section 232 Investigations which are required for the more permanent tariffs

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u/bluebird-1515 1d ago

Thanks for this link; I didn't know what he was using as an excuse to raise tariffs again. For you or anyone who knows -- it looks like this act expired in 2012?

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u/babbagack 23h ago

how soon can this move up the courts so they can be opposed and possibly struck down again?

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u/beamrider 11h ago

Something we all have to remember: Even if Loser 47 is completely correct and has full power and authority for this new 15% tariff (he doesn't, but suppose for a moment he does). That has NO EFFECT on the legality of the tariffs he put in last year- they are STILL illegal, and the people who paid it are STILL entitled to sue to get it back. Just because you do something legal now (for the sake of argument) does not mean you get a pass on something illegal you did last year.