Wednesday, August 13, 2025

Trump’s Doomsday Tariff Letter

 https://www.wsj.com/opinion/trumps-doomsday-tariff-letter-e8e38bb1?mod=hp_opin_pos_4

He says judges must bless his ‘emergency’ or we’ll have a depression.

And here you thought the lesson of the Smoot-Hawley tariff era was that a trade war can be destructive. Think again, folks, because President Trump’s lawyers say the courts must uphold the legality of his tariffs or there could be “a 1929-style result.”

That’s the out-of-this-world argument that Solicitor General John Sauer and Assistant Attorney General Brett Shumate made this week in a letter to the Court of Appeals for the Federal Circuit. The judges must give the President unilateral power to impose tariffs on any country at any time, or the end is nigh. Better buy gold and put your cash in a mattress.

1 comment :

  1. Here's one for you to look up. The Toronto International Film Festival (TIFF), the 2nd biggest in the world after Cannes, I think, is refusing to show a film about October 7. Apparently the film contains clips that Hamas posted on line during the attack and TIFF is worried about ownership and copyright violations.

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