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Trump says he'll place 25% tariff on autos from the EU, accusing it of not complying with trade deal (apnews.com)
submitted 6 months ago by to c/world
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cross-posted from : https://lemmy.zip/post/63568513

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[–] 67 points 6 months ago (8 children)

Did he forget about that lawsuit he lost where his tariffs were determined to be illegal?

Who am I kidding? He doesn't give a shit.

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  • [–] 25 points 6 months ago (1 child)

    Supreme Court ruling was against tariffs under IEEPA. He is still able to use industry specific tariffs under Trade Expansion Act, that's how tariffs on Canadian auto, lumber, steel, aluminum sectors continue dispute Supreme Court ruling

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  • [–] 3 points 6 months ago

    is it then not possible for him to circumvent the ruling entirely by simply taxing the industries that account for like 99% of the trade with a given country? like it probably wouldn't be possible to list all the industries but surely listing 10 most popular ones would essentially equate to a blanket tariff

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  • [–] 17 points 6 months ago (4 children)

    It's effectively a bailout with extra steps

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  • [–] 4 points 6 months ago (3 children)

    Huh?

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  • [–] 21 points 6 months ago (2 children)

    The car manufacturers will charge the customer any tariffs and then when they sue to get there money back they will not only keep the price at the higher level butv will then get the tariff money back. Same thing the last lawsuit did.

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