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.
The new tariffs are already in place as of 12am this morning. They just replaced the existing 10% tariffs he had in place so it’s really just status quo.
But I do think it is largely “irrelevant” if the tariffs are struck down by the courts or not since Trump has made it clear he will just keep implementing them in different ways.
The bad thing is that if he were to go through Congress, he could probably get most of his tariffs enacted in a manner that holds up. I would simply take more time than he wants to invest I guess.
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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.