https://www.theguardian.com/us-news/2026/may/07/trump-global-tariffs-trade-court-

Trump also issues new deadline for EU to implement trade deal terms before raising tariffs to ‘much higher levels’

orthoclad

(4,814 posts)

3. This is the desired result

Reply to malaise (Original post)

Thu May 7, 2026, 06:16 PM

14 hrs ago

It's a back-door tax.

Place tariffs
Collect money paid by the people for expensive products
Somebody sues.
The Trumpian Court says oopsie.
Taxpayers pay corporations.
The people get caught holding the bag.

Meanwhile, everybody celebrates Trump's defeat.
Corporations sneak off to the bank.

This is PERFECT rodeo clown kayfabe.

erronis

(24,410 posts)

5. Sounds like the system is rigged in favor of corporations. Wonder how that happened.

Reply to orthoclad (Reply #3)

Thu May 7, 2026, 06:50 PM

14 hrs ago

I don't remember anything in the Constitution, Bill of Rights - even in the papers and letters of the founding fathers that gave these things called "corporations" rights that transcend any citizen's (well, except for those annointed by the corporatists in the government.

orthoclad

(4,814 posts)

17. We conflate "free enterprise" with democracy

Reply to erronis (Reply #5)

Fri May 8, 2026, 12:15 AM

8 hrs ago

I don't know when that started. Maybe in the first robber baron era. But capitalism is economic feudalism, nothing democratic about it.

Capitalism, which is based on stolen labor, and slavery are fraternal twins, born together to exploit the resources of the "new" world. 1500s?

LetMyPeopleVote

(181,598 posts)

7. Trade court rules against Trump's global tariff

Reply to malaise (Original post)

Thu May 7, 2026, 07:10 PM

13 hrs ago

The U.S. Court of International Trade dealt a blow to the 10 percent global import tax that President Donald Trump imposed after losing on tariffs at the Supreme Court.

Trade court rules against Trumpâ€™s global tariff

www.washingtonpost.com/business/202...
— Brooklynwatch (@brooklynwatch.bsky.social) 2026-05-07T22:13:50.375Z

https://www.washingtonpost.com/business/2026/05/07/tariffs-trade-court-ruling-trump

A specialized federal court in New York delivered a new blow to President Donald Trump’s effort to impose widespread tariffs, ruling against the levies the president imposed after the February Supreme Court decision that eliminated most of his emergency import taxes.

Thursday’s ruling by a two-judge panel of the U.S. Court of International Trade held that the president’s order imposing a 10 percent global tariff under Section 122 of a 1974 trade law was invalid. Trump cited the nation’s trade deficit as justification for his latest tariffs. But under the law the president cited, the United States must be suffering “large and serious” balance-of-payments deficits, which the court said was not the case.

The court granted a summary judgment in favor of the plaintiffs, Burlap & Barrel, a New York-based online spice retailer, and Basic Fun!, a toy company in Florida, as well as Washington state.

The Section 122 tariffs were scheduled to expire in late July. The Trump administration has said it planned to replace them with permanent import taxes using different legal authorities.

This was not a close decision. These tariffs only apply with there is a balance payment deficit which can not happen since the US went off the gold standard

Escurumbele

(4,106 posts)

8. I know about regimes like the one trump and ilk want to set in the USA. THEY DID NOT MISREAD anything, they knew what

Reply to malaise (Original post)

Thu May 7, 2026, 07:11 PM

13 hrs ago

they were doing, the goal has always been to break the USA, these people have an agenda that doesn't include USA citizens, this is treason all the way.

The new media and the judges, need to stop giving these people the benefit of the doubt, everything they do is intentional, there is a purpose on everything they do, and that is to break their own country.

People tend to think these thugs are incompetent, and that is part of the problem, they continue to think so while the thugs continue to destroy, to break the system, the people and the institutions, they are not incompetent, not at all, they are just evil.

orthoclad

(4,814 posts)

18. Our eyes are on the antics of the rodeo clown

Reply to Escurumbele (Reply #8)

Fri May 8, 2026, 12:35 AM

8 hrs ago

while the billionaires manipulate in the background.

From the Congressional Budget Office document Trends in the Distribution of Family Wealth, 1989 to 2022. https://www.cbo.gov/publication/60807

(Damn, I can't get the image of the graph to display. Something has changed; I've posted it half a dozen times before. It's at the top of the document.)