Furious Trump signs global 10% duty after supreme court issues tariff blow

https://lemmy.world/post/43415502

Furious Trump signs global 10% duty after supreme court issues tariff blow - Lemmy.World

Trump calls six justices a ‘disgrace to the nation’ while praising three justices who dissented Donald Trump on Friday railed against the supreme court justices who blocked his use of tariffs, calling them a “disgrace to the nation”, and later signing documents imposing a 10% tariff on all countries. Trump said he would immediately sign an order increasing tariffs globally by 10% under section 122 of the Trade Act of 1974 and will begin investigations of unfair trade practices allowing further tariffs. He asserted that he had the authority to impose additional tariffs under existing statutes without congressional approval. By Friday evening, Trump posted on Truth Social: “It is my Great Honor to have just signed, from the Oval Office, a Global 10% Tariff on all Countries, which will be effective almost immediately.”

I just don’t understand why tariffs issued by Congress isn’t enough for him. Why it must be him who imposes the tariffs?
Pretty sure he’s got a power kink and loves to watch others suffer.
He’s dying soon and doesn’t have to deal with the repercussions. Also getting scared the Epstein stuff will get to him. It’s a lose lose. Back him into a corner and he’ll blow it all up.

Because it’s the bully stick he gets to hit other countries with to get his way … or just to retaliate against those who offend him.

Also because the on-again off-again arbitrary and unpredictable tariffs are a great opportunity for insider trading for those in his inner circle who are given advanced notice of his capricious changes.

Also because doing random bullshit with tariffs occupies the news cycle and helps distract from a lot of the other bullshit he’s doing or has done in the past.

He doesn’t even have a reason this time. He’s just doing it to prove he can. He going to tank the economy just to spite us.

25th amendment. Now.

*Has tanked the economy

Now he’s trying to prove that his supporters can turn against him and they still can’t touch him.

But his rich buddies got 10x wealthier so really the economy is booming /s