Trump's got a plan B up his sleeve despite his loss in the Supreme Court today, declaring that Trump did not have the power to impose reciprocal tariffs. (Those are the tariffs, like the 15% on all imports from the EU). How Trump plans to get around the ruling is to abuse another law: Trump orders temporary 10% global tariff to replace duties struck down by US Supreme Court. (and upped it to 15% 2/21/2026, and that may also be challenged as illegal on the basis that there are conditions attached he my have violated) He could ask his loyal Congress to just rubber-stamp his tariffs, also.. "Tariffs are taxes," declared a 6-3 Supreme Court, and Congress has that power, not the president, to levy them.
What was carved out in the SCOTUS ruling were aluminum and steel, and those tariffs remain because they were connected to national security interests. What is absurd about those is that beverages and cosmetics, mostly in aluminum containers, will still get hit by high tariffs based on the percentage and value of aluminum or steel container part of the item (50% for those smelt and cast in the EU and 200% if it comes from designated countries like Russia)...and those costs will still just be passed on to the consumers. Automobiles and steel tariffs were not affected by the relief, either. They remain, it appears. SCOTUS did not rule if consumers get a refund of some sort for the illegally imposed tariffs. So, consumers consider the price increases caused by tariffs as your donation to the federal treasury, legal or not. Supreme Court strikes down most of Trump's tariffs in a major blow to the president
What did change today with the ending of Trump's reciprocal tariffs may be that import shipments valued at below $800 will be exempted from the Trump tariff requirements, that they all had to go through US customs. CNBC addressed the issue this morning, and further verification is needed. This deminimus exemption caused such a mess in such giants as UPS, that these small package shipments that did not meet the requirements of US customs paperwork were simply destroyed, estimated by some to total worth in billions of dollars.Update: 2/32/2026: no, nothing changed. Deminimus is still verboten.
Full disclosure: Felicia Muftic is president of a small business importing cosmetics from the European Union, some of which come in aluminum containers and others in plastic containers. MelemUSA,LLC
So here is Trump's plan B, to put a 10% tariff on every import relieved from the 15% plus tariff by the Supreme Court decision today. He is clear he sees tariffs as a fundraiser for the treasury. What is clear to everyone else, he wants to raise money on the backs of all consumers. Tariffs are going to be paid by consumers. Per a study of 2025 by the Federal Reserve, 90% of tariffs were paid by consumers and businesses.
- Product Line: Focuses on the original hypoallergenic Melem balm, which is formulated with lanolin and beeswax for deep moisture.
- Business Operations: An accredited member of the Northern Colorado and Wyoming Better Business Bureau.
- Availability: Products are sold via melemorder.com and Amazon.com.
- Background: The product originates from Neva d.o.o. in Croatia, founded in 1918.
No comments:
Post a Comment