Tariffs Catch-All

  • Thread starter Thread starter BubbaOtis
  • Start date Start date
  • Replies: 4K
  • Views: 149K
  • Politics 
By the way, I learned something today. There is an active judge on the Federal Circuit who was born in 1927. That's right, she's 98. Not senior status, but active.

In 2023, the chief judge of the circuit suspended her from active duty because of evidence of severe mental decline and the judge's failure to participate properly in an investigation. I'm not sure if this procedure has any validity to it, but I'm guessing the CJ is just hoping she will croak

98 years old for a federal circuit court judge is strong evidence that we really, really need to revisit life tenure.
 
nycfan said:
IMG_9245.jpeg
IMG_9246.jpeg
Click to expand...
“… The court said the “‘unheralded’ and ‘transformative’” nature of the tariff policy triggered the major questions doctrine—a term the Supreme Court coined when striking down Biden administration policies, such as student debt relief, the justices saw as reaching far beyond the regulatory authority Congress had granted the executive branch….”
 
nycfan said:
Click to expand...

“… Pretariff inventories are running low, forcing companies to confront difficult pricing decisions they can no longer delay.

… Repricing, though, isn’t as easy as changing a tag—in part because suppliers and big-box stores are engaged in an epic tussle over who will pay what.

Retailers, including Lowe’s and Home Depot, buy Thompson Traders’ wares and set the retail price themselves. And they have been reluctant to pay Thompson Traders more.

…
By July, he was still awaiting a decision, so he nudged the retailer. Then, in late July, Trump hiked the tariff on Turkish goods to 15%.

Lowe’s, which declined to comment, last week finally agreed to a 4% to 5% increase on some sinks, but not all, DeVillers said. He hasn’t gone back to ask for more in the wake of the increased tariff, in part because he is not sure that 15% is the final levy. Thompson Traders may “have to eat it,” he said. “I’m not sure.”

Thompson Traders says Home Depot has agreed to price increases on some items but not all. The company hasn’t approached the retailer again about the increased tariff on Turkey.…”

🎁 —> https://www.wsj.com/business/retail...8?st=rj7xhd&reflink=desktopwebshare_permalink
 
Trump: You want to avoid tariffs, build your products in America; build your factories in America. Of course, my other tariffs fluctuating daily means you can't lock down your material costs, also the workers who would do the construction might be rounded up at any point, but also the ones who are here legally are not going to show up because they are afraid their legal status will be thrown out or they will be disappeared before they can prove their status, which will bankrupt them. So um yeah invest in America for an unknown amount over an unknown amount of construction time due to worker shortages then when you are done hire Americans to make your things at a price of labor so high the profit point on the items will be too high for consumers to bear, in fact it will be higher than the tariffed rate. MAGA!
 
altmin said:
Trump: You want to avoid tariffs, build your products in America; build your factories in America. Of course, my other tariffs fluctuating daily means you can't lock down your material costs, also the workers who would do the construction might be rounded up at any point, but also the ones who are here legally are not going to show up because they are afraid their legal status will be thrown out or they will be disappeared before they can prove their status, which will bankrupt them. So um yeah invest in America for an unknown amount over an unknown amount of construction time due to worker shortages then when you are done hire Americans to make your things at a price of labor so high the profit point on the items will be too high for consumers to bear, in fact it will be higher than the tariffed rate. MAGA!
Click to expand...
And lower your prices while you’re at it!
 
Really what this ia abpuit if you want to avoid tariffs. We are becoming an authorican 3rd wor;d country where to get anything done you have to go see the supreme leader bearing gold, flattery and other "gifts."
Tariffs like Trump is doing are antiquted, long scorned merantilist policies which kill economies and hurt everuone byt the super wealthy and a fewq large corps.
The best way to bring back manuf is by using contracts, grants, subsidies and various tax poliocies Quot slashing tax rates for the rich an d large corps and raise them slightly. Trump always talks about how great teh 1950s were for middle class and the economy. Well back then, rhe tax rates for rich and large ciros were much higher and inequality was much less.

Tariffs like Trump's are the worst form of industrial policu, and championed by delusional, egotistical, mostly incompetent (DEI) folks with failed ideas like Peter Navarro who think you can turn the clock back to 1895, get rid of income tax and run thge govt off tariffs, All that does is lead to another Gilded Age of Robber Barons and rampant ineqialuty, with frequent recessions and boom/byst cycles.
 
nycfan said:
IMG_9366.jpeg
Click to expand...
A great illustration of how absolutely stupid Trump is on economic policy. Both sides of any sale are required to “do business,” and, in almost all cases, the sale would not happen if both sides did not think they were benefiting. Trump’s insane view of “business” as only selling and not consuming is threatening to destroy the global economy. Idiot.
 
You must log in or register to reply here.
Back
Top