Tag Archives: Inu Manak

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 →