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Tag Archives: The Council on Foreign Relations
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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Trump Tariff Flops – December Goods Trade Deficit Up $15.7B
“The U.S. trade deficit for goods hit a record in 2025 despite Trump’s claim his signature tariffs would reduce it, new data shows. Trump declared the country’s goods trade deficit a national emergency last year and pledged to shrink it as part of efforts to revive U.S. manufacturing. Yesterday’s numbers add to previous data suggesting U.S. companies have generally not brought production back home—all while Trump’s tariff policy is being challenged in a Supreme Court case,” The Council on Foreign Relations (CFR) said. [The U.S. Supreme Court today in a 6-3 ruling said tariffs that Trump imposed under an emergency powers law were unconstitutional. This also covers so-called “reciprocal” tariffs that he levied. – AutoCrat] Continue reading →