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Trump's Speech To Congress: Tariffs are NOT about Border. "It's About Making America Rich"
(lemmy.ca)
I thought the reason for trashing trade agreements and taking a wrecking ball to the Canadian economy with extreme tariffs was because of fentanyl coming from Canada at the border?
Apparently not, says Trump, from his speech at Congress tonight: “... Tariffs are about making America rich again and making America great again”.
By his own words, he has just shown his big lie.
So they're illegal then?
Trump was only able to enact these tariffs without sign off from Congress (which he would absolutely not get) because they were enacted under the International Emergency Economic Powers Act. The act allows the president to apply certain controls over the economy so long as they're in response to a national emergency. At some point a while back either Trump or Biden, I forget which, declared a state of emergency over fentanyl. Trump is now using the tiny trickle of fentanyl coming from Canada as his justification for these tariffs because has to connect them to a state of emergency to enforce them.
If they're actually about making America richer (no matter how wrong he is about how that works) then they need approval by congress to go into force. Every single affected business in America should have standing to sue over that.
Who's gonna do anything about it anyway ? They're all in on it.
Who is they? American business owners? Because while you might see the big public players on a stage with Trump, the private sector of business is a an extremely diverse group. They don’t support Trump by virtue of their existence, just because they’re businesses.
And they're definitely not a fan of his obsession with tariffs. Just look what's happening to the stock market.
They == Congress