Randahl FinkFeb 20

#BREAKING In the ultimate defeat of Donald Trump’s regime, the US Suppreme Court has ruled the Trump tariffs illegal (6 to 3 ruling).

This means Trump has illegally taxed the American people 150 billion dollars.

Instead of buying more marble armrests and golden sculptures, it is time to pay back what you owe the people, Donnie.

Show threadBauke KramerFeb 20
@randahl
According to the NYT, the U.S. Treasury has collected roughly $240 billion in tariff revenue since April 2, 2025, a date President Trump labeled “Liberation Day” as he imposed his sweeping tariffs. The research firm Capital Economics estimated that if the Treasury is forced to issue refunds, the cost would run to about $120 billion, or 0.5 percent of gross domestic product.
Show threadRandahl FinkFeb 20
@bmk correct, there are several numbers floating around. The 150 billion is CNN’s number. Some say 130 billion. And the 240 billion could be ALL tariffs collected, which includes more than the 1 year old Trump tariffs.
Show threadBauke KramerFeb 20
@randahl
The most important thing is that it will have a huge impact, economically in both the US and globally.
Show threadRandahl FinkFeb 20
@bmk certainly. And it is a huge political defeat to Trump which I expect will weaken his standing in the Republican party.
Show threadBauke Kramer
@randahl
I'm afraid we stand corrected. Trump is lashing out at the court's judges.
This shows that we can have little confidence that he will allow himself to be restricted by anyone.
His reaction highlighted his lack of deference to the constitutional separation of powers.
Also not a good outlook for what he'll do after losing the midterms.
Feb 21 at 8:04amWeb