This ruling impacts tariffs imposed by way of the International Emergency Economic Powers Act, which includes the reciprocal tariffs announced on April 2’s so-called “Liberation Day.” Bloomberg Intelligence estimates that roughly $170 billion in tariff revenues have been generated through February 20 via these policies. However, this ruling has no bearing on section 232 tariffs, which have been used to justify levies on the likes of steel and aluminum.
Trump administration officials had indicated that they developed contingency plans to attempt to reinstate levies in the event of this outcome. CNN reported that Trump called this ruling a “disgrace” and said he had a backup plan for tariffs.
The important thing is that Trump can't do the tariffs beyond 15% on a whim anymore though. Like imposing tariffs on Canada because of an ad displayed in Toronto.
That's just bluster. The IEEPA nonsense was already the creative trickery deployed in defense of a novel and prima facia unconstitutional policy. If they had a better argument, they would have made it.
And we know in practice that Trump TACOs out rather than pick real fights with established powers. Markets don't like it when regulatory agencies go rogue vs. the rule of law. They'll just shift gears to something else.
Trump Always Chickens Out (TACO) is a term that gained prominence in May 2025 after many threats and reversals during the trade war U.S. president Donald Trump initiated with his administration's "Liberation Day" tariffs.
The charitable explanation is that he chickens out when confronted with real backlash.The less charitable explanation is that he 'chickens' out after the appropriate bribe has been paid to him.
I think that the tariffs are what he said they were... a starting point for pushing (re)negotiation, and that has largely been successful. This ruling doesn't roll back all those trade deals.
1. That's transparently NOT what the white house said the tariffs were for.
2. There has been NO significant change (via negotiation or not) in non-tariff trade policy under this administration. Essentially all those "announcements" of "deals" were, were just the acts of rolling back the tariffs themselves. No one caved. We didn't get any advantage.
It's just absolutely amazing to me the degree of epistemological isolation the right has created for it in the modern US.
Joe Rogan is attempting to explain both sides to the ICE raid debate, but the media keeps clipping his full quote so it sounds like he’s calling ICE “the Gestapo.”
That's the magic of the free market. Even with no direct rival yet, Starlink innovates like crazy because the threat of competition is always there and consumers demand excellence. Unlike state-granted monopolies, those parasitic structures stagnate and plunder the people.
Not fair - Google Search is under constant and escalating attack. If we replaced current Google Search with the 2000s implementation it would be immediately dominated by spam and SEO hacks. Simple PageRank doesn't work anymore.
It currently is dominated by spam and SEO hacks. Unless you're trying to find Amazon or Home Depot. They've done fuck all to make it better in the last few years.
Boycott noted, meanwhile, I’ll be enjoying double the roaming data while you wait for that legendary ‘neutral’ competitor to beam down from the heavens.
I live and work from a van part of the year and am perfectly fine with a 4g router almost anywhere save some mountain climbing spot, so there's really no need for me.
I pay about 30€ and get about 250GB when in France and 30GB whenever I enter a new country so I'm not lacking considering my usage, but thank you
Trump administration officials had indicated that they developed contingency plans to attempt to reinstate levies in the event of this outcome. CNN reported that Trump called this ruling a “disgrace” and said he had a backup plan for tariffs.
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