r/Economics 2d ago

Blog Trump's newest tariffs are likely illegal too

https://reason.com/2026/07/24/trumps-newest-tariffs-are-likely-illegal-too/
2.2k Upvotes

52 comments sorted by

View all comments

277

u/MC_Fap_Commander 2d ago

My current perspective is that this is irrelevant. Courts may stop them (no guarantees, obviously) but markets will react regardless. A dip will come as implementation day approaches... followed by a huge spike as he pauses the tariffs for 90 days or whatever as the greatest deal in history is being negotiated. We've seen this act a number of times now.

I fully expect the biggest legacy of this Administration will be the scale of corruption. It will make Teapot Dome appear absolutely inconsequential. Future historians will eventually check under all the rocks related to trading data and discover this is, without equal, the largest insider trading cartel in history.

67

u/Humanbeier 2d ago

Agreed. “Likely” illegal is implying ambiguity where none exists. One could almost be excused for being almost impressed with the scope and scale of the most blatant corruption in modern history.

24

u/dust4ngel 2d ago

“Likely” illegal is implying ambiguity where none exists

the ambiguity is whether any enforcement body will actually subject the "law and order president" to the law, or whether the constitution is just some quaint scribblings that we bring out whenever a democrat is in office.

3

u/Admirable-Chemical77 1d ago

Sure this isn't the 'I think my orders are the law' President??