New vehicle tariffs

[customboss]

3 minutes ago, KARNUT said:

Of course they’re going to say that. If I was in their shoes I’d say the same. People were paying over sticker during Covid and the chip shortage. I’m not seeing anything selling for sticker. I’m seeing discounts and low interest rates here so far. I saw Apple claiming iPhone was going to increase in price. Fine, stop buying. My IPhone 13 mini just went through an update. It’s working as new. All Apple has to do is say we’re bringing manufacturing to the US and their tariffs will pause. People are testing and jockeying for positions. 

I hear you. 

[customboss]

https://www.caranddriver.com/auto-tariffs/

[KARNUT]

7 minutes ago, customboss said:

https://www.caranddriver.com/auto-tariffs/

I just watched a YouTube video on why certain cars don’t sell. Evidently people are thinking my way. This car was number 3 of the worst. The G-4 was number 2. People are discovering CPO. You get an upscale car for less. I’m seeing my local Honda dealer certifying vehicles with as much as 100K miles. Why buy new. Trump just put the EU on notice. Of the stock market starting its usual. So predictable. I’ve been playing a make believe game on paper buying selling stocks. I’d be a multi millionaire if I did it for real. I got enough, don’t need the stress.

[customboss]

Were President Trump's "Liberation Day" tariffs legal? Apparently not, according to a three-judge panel at the U.S. Court of International Trade. It means that most of Trump's hefty levies - including fentanyl-based ones on Canada, Mexico and China - cannot go into effect, taking away one of his quickest negotiating tools to govern trade. While stocks continue to applaud the latest pause in tariffs (TACO trade?), the White House submitted an immediate appeal to the ruling and was given 10 days to issue new orders based on the permanent injunction.

Backdrop: In April, Trump cited a 1977 law - the International Emergency Economic Powers Act (IEEPA) - to set 10% duties on all imports, with even higher percentages for countries that had higher trade deficits with the U.S. IEEPA has been used in recent decades to implement sanctions or commerce controls for threats that can constitute a national emergency, while trade authority continued to be relinquished by Congress. Trump has argued that trade deficits constitute a "national emergency," which is at the root of all international trade talks currently taking place with the U.S.

"An unlimited delegation of tariff authority would constitute an improper abdication of legislative power to another branch of government... That use is impermissible not because it is unwise or ineffective, but because [federal law] does not allow it," the judges wrote in response to lawsuits filed by the Liberty Justice Center and a group of 12 attorneys general from Democratic states. "The judicial coup is out of control," responded White House Deputy Chief of Staff Stephen Miller, while Deputy Press Secretary Kush Desai declared, "It is not for unelected judges to decide how to properly address a national emergency."

What's next: Industry-specific tariffs on cars, steel and aluminum will remain in place given that those were instituted under Section 232 of the Trade Expansion Act of 1962. For the other tariffs, the White House will likely continue appealing the case to the Supreme Court, or could impose more "restricted" tariffs in the meantime. The administration might also pursue the levies under other legal frameworks like Section 301 of the Trade Act of 1974, which was the basis of China-based tariffs during Trump's first term in office.

[KARNUT]

8 minutes ago, customboss said:

Were President Trump's "Liberation Day" tariffs legal? Apparently not, according to a three-judge panel at the U.S. Court of International Trade. It means that most of Trump's hefty levies - including fentanyl-based ones on Canada, Mexico and China - cannot go into effect, taking away one of his quickest negotiating tools to govern trade. While stocks continue to applaud the latest pause in tariffs (TACO trade?), the White House submitted an immediate appeal to the ruling and was given 10 days to issue new orders based on the permanent injunction.

Backdrop: In April, Trump cited a 1977 law - the International Emergency Economic Powers Act (IEEPA) - to set 10% duties on all imports, with even higher percentages for countries that had higher trade deficits with the U.S. IEEPA has been used in recent decades to implement sanctions or commerce controls for threats that can constitute a national emergency, while trade authority continued to be relinquished by Congress. Trump has argued that trade deficits constitute a "national emergency," which is at the root of all international trade talks currently taking place with the U.S.

"An unlimited delegation of tariff authority would constitute an improper abdication of legislative power to another branch of government... That use is impermissible not because it is unwise or ineffective, but because [federal law] does not allow it," the judges wrote in response to lawsuits filed by the Liberty Justice Center and a group of 12 attorneys general from Democratic states. "The judicial coup is out of control," responded White House Deputy Chief of Staff Stephen Miller, while Deputy Press Secretary Kush Desai declared, "It is not for unelected judges to decide how to properly address a national emergency."

What's next: Industry-specific tariffs on cars, steel and aluminum will remain in place given that those were instituted under Section 232 of the Trade Expansion Act of 1962. For the other tariffs, the White House will likely continue appealing the case to the Supreme Court, or could impose more "restricted" tariffs in the meantime. The administration might also pursue the levies under other legal frameworks like Section 301 of the Trade Act of 1974, which was the basis of China-based tariffs during Trump's first term in office.

It’s just starting to get fun. Waiting for the next move. 

[customboss]

4 minutes ago, KARNUT said:

It’s just starting to get fun. Waiting for the next move. 

TACO ? What's that?  Stan and readers,  you know this is not just you that can answer or comment. Others please comment. Stan and I don't know everything. 

[KARNUT]

1 hour ago, customboss said:

TACO ? What's that?  Stan and readers,  you know this is not just you that can answer or comment. Others please comment. Stan and I don't know everything. 

It’s the lefts new slang. The art of the deal is Trumps game plan. You get it if you want. Taco if you don’t. Nothing new.

[customboss]

Not a Tariff but it will affect those of us on Medicaid and CAN'T work. Looks like KIDS will be most affected. This will affect a young family or single parents ability to care for the CHILDREN.  POTUS and BUFFET wanted a higher max tax rate for the ultra rich, GOP and rich pushed back so hard it stayed in the bill.  

 

[customboss]

2 minutes ago, KARNUT said:

It’s the lefts new slang. The art of the deal is Trumps game plan. You get it if you want. Taco if you don’t. Nothing new.

Well,  he has been slammed by PUTIN publicly and done NOTHING.  Keeps  acting like he just woke up to the travesty happening in Ukraine. 

[KARNUT]

Tariffs back on.

[KARNUT]

7 hours ago, customboss said:

Not a Tariff but it will affect those of us on Medicaid and CAN'T work. Looks like KIDS will be most affected. This will affect a young family or single parents ability to care for the CHILDREN.  POTUS and BUFFET wanted a higher max tax rate for the ultra rich, GOP and rich pushed back so hard it stayed in the bill.  

 

There is nothing set in stone yet. And of course it’s all being over stated like usual. Of course children can’t work as well as the disabled. Let’s be real.

[customboss]

45 minutes ago, KARNUT said:

There is nothing set in stone yet. And of course it’s all being over stated like usual. Of course children can’t work as well as the disabled. Let’s be real.

No one is arguing what you stated. Classic distraction. Big ugly bill being redo in senate but house will Pass that $880billion to pay for tax cuts to rich. It’s sick. 

[customboss]

TACO = Trump Always Chickens Out. 
 

Has anyone noted he negotiates against himself? All blow NO SHOW except attack the weak. Truth Social and X is not formal comm pieces for US GOV. 

Pack of lies. 

[KARNUT]

6 minutes ago, customboss said:

TACO = Trump Always Chickens Out. 
 

Has anyone noted he negotiates against himself? All blow NO SHOW except attack the weak. Truth Social and X is not formal comm pieces for US GOV. 

Pack of lies. 

Just when I think there’s hope for an open mind you go msmbc again. I just let you blabber unanswered for the night. Have fun.

[customboss]

29 minutes ago, KARNUT said:

Just when I think there’s hope for an open mind you go msmbc again. I just let you blabber unanswered for the night. Have fun.

I look at what is done. I despise MAGA and Dems