(03-06-2018 06:05 PM)Kaplony Wrote:  Maybe this is what gets Trump impeached.

(03-06-2018 06:12 PM)DavidSt Wrote:  

(03-06-2018 06:05 PM)Kaplony Wrote:  Maybe this is what gets Trump impeached.

The House and Senate could overrule him on this issue. Trump just can't do this on his own.He have to do it with the House and Senate to past a law to have tariffs. There is no movement on doing a tariff's war, so it is a dead issue before Trump could do anything.

Quote: The House speaker says he's "extremely worried about the consequences of a trade war." On Tuesday, he urged Trump to take a "surgical" approach rather than imposing penalties on all imported steel and aluminum.

Urging is pretty much all he can do.

Now wait: You might recall from high school history class that the Constitution clearly gives Congress the power "to lay and collect taxes, duties," and so on. A tariff is the modern word for a duty.

So can Congress legally stop Trump from starting a trade war? Well, no.


Laws enacted by Congress over the past century authorize the president to impose tariffs, the Peterson Institute for International Economics, a research firm in Washington, noted in a report in September 2016.

Quote: For the steel and aluminum tariffs, Trump chose a law that allows him to go around Congress. He invoked the Trade Expansion Act of 1962 — Section 232, to be specific. President Richard Nixon used it in 1971 to justify a 10% tariff on all imports. It only lasted four months.

The law says the president can impose tariffs on all other countries if imports pose a risk to US national security. In this case, Trump is arguing that steel and aluminum imported from Canada, Mexico and all other countries meets that standard. That justification baffles many foreign leaders and US business owners.

What's more, in the name of national security, the president doesn't have to get the approval of Congress, nor the independent US International Trade Commission. In other tariff investigations, the ITC gets to weigh in. Not here.

(03-06-2018 06:26 PM)Kaplony Wrote:  

(03-06-2018 06:12 PM)DavidSt Wrote:  

(03-06-2018 06:05 PM)Kaplony Wrote:  Maybe this is what gets Trump impeached.

The House and Senate could overrule him on this issue. Trump just can't do this on his own.He have to do it with the House and Senate to past a law to have tariffs. There is no movement on doing a tariff's war, so it is a dead issue before Trump could do anything.

http://money.cnn.com/2018/03/06/news/economy/trump-trade-power/index.html

Quote: The House speaker says he's "extremely worried about the consequences of a trade war." On Tuesday, he urged Trump to take a "surgical" approach rather than imposing penalties on all imported steel and aluminum.

Urging is pretty much all he can do.

Now wait: You might recall from high school history class that the Constitution clearly gives Congress the power "to lay and collect taxes, duties," and so on. A tariff is the modern word for a duty.

So can Congress legally stop Trump from starting a trade war? Well, no.


Laws enacted by Congress over the past century authorize the president to impose tariffs, the Peterson Institute for International Economics, a research firm in Washington, noted in a report in September 2016.

Quote: For the steel and aluminum tariffs, Trump chose a law that allows him to go around Congress. He invoked the Trade Expansion Act of 1962 — Section 232, to be specific. President Richard Nixon used it in 1971 to justify a 10% tariff on all imports. It only lasted four months.

The law says the president can impose tariffs on all other countries if imports pose a risk to US national security. In this case, Trump is arguing that steel and aluminum imported from Canada, Mexico and all other countries meets that standard. That justification baffles many foreign leaders and US business owners.

What's more, in the name of national security, the president doesn't have to get the approval of Congress, nor the independent US International Trade Commission. In other tariff investigations, the ITC gets to weigh in. Not here.

The law in question:
https://www.law.cornell.edu/uscode/text/19/1862


Do you ever get tired of being wrong on here?

Quote:Mr. Cohn had warned last week that he might resign if Mr. Trump followed through with the tariffs, which Mr. Cohn had lobbied against internally.

(03-06-2018 09:31 PM)DavidSt Wrote:  we should fire Trump. He is destroying this country.

(03-06-2018 09:47 PM)SuperFlyBCat Wrote:  Was he a Goldman Sachs guy?

(03-06-2018 09:51 PM)Owl 69/70/75 Wrote:  

(03-06-2018 09:47 PM)SuperFlyBCat Wrote:  Was he a Goldman Sachs guy?

Former president and CEO.

(03-06-2018 09:53 PM)SuperFlyBCat Wrote:  

(03-06-2018 09:51 PM)Owl 69/70/75 Wrote:  

(03-06-2018 09:47 PM)SuperFlyBCat Wrote:  Was he a Goldman Sachs guy?

Former president and CEO.

Well would not the left be happy he is gone?

(03-06-2018 09:42 PM)Owl 69/70/75 Wrote:  The tariffs are a stupid idea. The chance they will do much good is remote. The chance they will do great harm isn't.

(03-07-2018 06:53 AM)Fo Shizzle Wrote:  

(03-06-2018 09:42 PM)Owl 69/70/75 Wrote:  The tariffs are a stupid idea. The chance they will do much good is remote. The chance they will do great harm isn't.

If applied as punishment for being a bad actor in the marketplace?...Im fine with them. Not so much otherwise.

I still like the idea I heard recently. Simply make all importers adhere to US environmental and worker safety regulations. That would create lots of problems for importers without having to use tariffs and help level the playing field. Look at what California has done in regard to its CARB standards. California basically created a world wide standard due to its giant market. We could do the same thing on a national level.