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Tag Archives: International Emergency Economic Powers Act
Trump Tariff Chaos Continues Despite Court Ruling
The U.S. Court of International Trade ruling Wednesday against Trump Administration tariffs is just a bump in the road. Although it was widely and loudly hailed as a defeat for President Trump and his whimsical, constantly changing tariff executive orders it is actually just a continuation of the economically damaging Administration policies, irrelevant to the misleading Wall Street TACO moniker – Trump Always Chickens Outs.
By late Thursday, the Administration had swiftly obtained an emergency stay. Tariffs on steel aluminum, automobiles and auto parts and remain in place.
“The CIT’s ruling affects the tariffs that Trump imposed under the International Emergency Economic Powers Act (IEEPA), which gives the president some power to regulate commerce after declaring a national emergency. It does not affect other, more specific tariffs he has imposed on commodities such as steel,” said Inu Manak, a fellow for trade policy at the Council on Foreign Relations. Continue reading
Posted in AutoInformed Editorial, economy, fools 'n frauds, litigation, news, news analysis, Trump Truth Tests
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, IEEPA tariffs, International Emergency Economic Powers Act, Inu Manak, Ken Zino, The Council on Foreign Relations, U.S. Court of International Trade, Wall Street TACO moniker, X @KenAutoinformed
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Legal Tariffs – Detroit Diesel to Add Third Shift, Recall Laid Off Workers
“Strategic, targeted tariffs are an important tool in the toolbox to undo the damage of our free trade disaster and bring back good union jobs to the U.S.,” said UAW President Shawn Fain. “Companies like Detroit Diesel, and their parent company Daimler Truck North America, need to step up to reinvest in the workers who make the product and stop laying off American workers while making billions in profit. We applaud this first step in the right direction.” Continue reading →