Discussion about this post

User's avatar
Polly Walker Blakemore's avatar

Ready for more madness? From Heather Cox Richardson today:

Meanwhile, Trump continues to insist that he must have the powers of a dictator to make the country prosperous again. When a court found his use of the International Emergency Economic Powers Act to justify his sweeping tariffs was illegal, he said, “If you took away tariffs, we could end up being a third-world country,” although the U.S. was not a third-world country before Trump launched his tariff war in April. He has said he will take the case before the Supreme Court.

If he loses there, as Elisabeth Buchwald wrote for CNN, the U.S. might have to pay back more than $210 billion to the American businesses that have paid the tariffs. On Monday, Josh Marshall at Talking Points Memo pointed to a story Louise Matsakis and Zoë Schiffer of Wired reported in late July: Wall Street companies, including Cantor Fitzgerald, a financial services company run by the sons of billionaire commerce secretary Howard Lutnick since Lutnick joined the Trump administration, have been buying up the rights to collect tariff refunds if the tariffs are struck down.

Jane Duval's avatar

Where are outraged U.S. consumers and politicians who are supposed to be representing them --- senators,congressmen, etc. As a Canadian, I can't for the life of me figure out how/why these American reps just seem to be MIA!

63 more comments...

No posts

Ready for more?