Mumbles
Philosopher
- Joined
- Dec 9, 2008
- Messages
- 8,726
Trump could easily change his mind again. He seems to have the executive power to announce any tariff against anybody, but also the power to waive whatever tariff he wants at will. I don't know if he'll stick to this one or just use the announcement to keep even our allies in some state of uncertainty. He'll use them to get headlines and punish countries that he thinks are out of line. Now I wonder where the tariff money goes.
I need to learn more about the economics of it but it seems at a glance to be a shakedown of countries that have crossed him.
Domestic companies know they can just shift the cost of tariffs to customers.
Over the past 200 years an authority that clearly rests with Congress has migrated to the executive branch.
For a little history I checked out a National Review for conservative point of view:
Congress Handed the President the Power to Level Tariffs
They may be a bunch of RINOs over there, I don't know but essentially Trump is making policy by the seat of his pants because he doesn't know how to do it properly and because Congress has rolled over and played dead on this whole issue.
I look forward to when congress retakes this power - as I've noted for years (including during the Obama Era) that they've conceded entirely too much power to the presidency, to the point where they often just look like idiots (eg. demanding that Obama attack Syria, then insisting that he get congressional approval to do so, and then refusing to approve any such thing - also another case of republicans being against themselves just to spite Obama).
I mean, this flock of jellyfish, or whatever the word is, aren't going to do it...