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the real shame -- and the central part of the cons utional crisis other than Trump's illegal and tyrannical actions -- is that the US Congress didn't stand up for itself
The court holds for the foregoing reasons that IEEPA does not authorize any of the Worldwide, Retaliatory, or Trafficking Tariff Orders. The Worldwide and Retaliatory Tariff Orders exceed any authority granted to the President by IEEPA to regulate importation by means of tariffs. The Trafficking Tariffs fail because they do not deal with the threats set forth in those orders. This conclusion en les Plaintiffs to judgment as a matter of law; as the court further finds no genuine dispute as to any material fact, summary judgment will enter against the United States. See USCIT R. 56. The challenged Tariff Orders will be vacated and their operation permanently enjoined. There is no question here of narrowly tailored relief; if the challenged Tariff Orders are unlawful as to Plaintiffs they are unlawful as to all.
the real shame -- and the central part of the cons utional crisis other than Trump's illegal and tyrannical actions -- is that the US Congress didn't stand up for itself
https://www.business-standard.com/wo...2902017_1.htmlUS economy contracts 0.2% in Q1 on weak spending, record trade drag
The US economy shrank at the start of the year, restrained by weaker consumer spending and an even bigger impact from trade than initially reported.
Gross domestic product decreased at a 0.2 per cent annualized pace in the first quarter, the second estimate from the Bureau of Economic Analysis showed Thursday. That compared with an initially reported 0.3 per cent decline.
The economy’s primary growth engine — consumer spending — advanced 1.2 per cent, down from an initial estimate of 1.8 per cent and the weakest pace in almost two years. Meantime, net exports subtracted nearly 5 percentage points from the GDP calculation, slightly more than the first projection and the largest on record.
The slight upward revision in GDP reflected stronger business investment and a greater ac ulation of inventories. Federal government spending wasn’t as much of a drag as originally reported.
GDP figures are revised multiple times as more data become available, enabling the government to fine-tune its estimate. The first projection, released in late April, showed the economy contracted for the first time since 2022. The final estimate is due next month.
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Well, its a CULT!
The REAL-REAL shame...
is that dear leader has yet to order the massive kool-aid order to guzzle the poison- to his cultists -so we can have mass funerals for 33 percent of the country and then - and only then....can we;
MAGA!
You want a majority of the country to die. Nice
What school learned you that 33% was a majority?
The 67% of us left will send thoughts and prayers…no worries!
I was hoping for a zombie apocalypse that only targeted red hats. But if the zombies only were the type that ate brains I guess they’d all starve.
Trump negs the guys who shepherded his Supreme Court supermajority, because one of his own appointees ruled against his bull tariffs
Trump is relentlessly petty and whining
I MUST BE ALLOWED TO DO WHATEVER I WANT OR THE COUNTRY IS LOST
https://www.cnbc.com/2025/05/30/trum...ppon-deal.htmlTrump says U.S. will double steel tariffs to 50%
President Donald Trump told U.S. steelworkers on Friday that he will double tariffs on steel imports to 50%.
“We’re going to bring it from 25% to 50%, the tariffs on steel into the United States of America,” Trump said during remarks at U.S. Steel’s Irvin Works in West Mifflin, Pennsylvania. The president said the steep tariffs would “further secure the steel industry.”
“At 25%, they can sort of get over that fence,” Trump said. “At 50%, they can no longer get over the fence.”
The new import duties will start June 4, the president posted on Truth Social.
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Make Japan Great Again
https://www.cnbc.com/2025/05/31/opec...il-output.htmlOPEC+ oil producers stick to their guns with another big hike for July
The world’s largest group of oil producers, OPEC+, stuck to its guns on Saturday with another big increase of 411,000 barrels per day for July as it looks to wrestle back market share and punish over-producers.
Having spent years curbing production — more than 5 million barrels a day (bpd) or 5% of world demand — eight OPEC+ countries made a modest output increase in April before tripling it for May, June, and now July.
U.S. crude futures fell Friday due to fears that OPEC+ would boost oil output for July beyond previous forecasts.
Brent crude futures were down by 22 cents, or 0.34%, at $63.93 a barrel. U.S. West Texas Intermediate crude was last down 21 cents, or 0.34%, at $60.73 a barrel, having earlier dropped more than $1 a barrel.
OPEC+ members are spurring production despite the extra supply weighing on crude prices as group leaders Saudi Arabia and Russia seek to win back market share as well as punish over-producing allies such as Iraq and Kazakhstan.
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I just keep getting wealthier. Ho hum
Black pilled Darrin is content to watch the world burn as long as he has a pool to talk about. Ho hum.
Also Darrin during covid deaths
Is this what tariffs are for?
What is the point of all this?
Putting off importing at higher prices after stockpiling the out of goods for a month?
US retail giants pushing Chinese suppliers to shoulder up to 66% of tariff costs
American retailers – under pressure at home to ‘eat the tariffs’ – are now demanding that Chinese producers split the cost of the levies
https://www.scmp.com/economy/china-e...6-tariff-costs
It's good to demand things.
Sure, maybe they Chinese companies will start paying US firms, so they can sell them stuff. That's how trade works. right? The sellers pays the buyer, otherwise they're ripping them off.
No, but some will simply charge less to supply US firms. You can't be serious.
Lol "some will simply charge less to supply to US firms".
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