"Within hours of SCOTUS' decision ruling Trump's tariffs illegal, Trump imposed new 10% tariffs under a different authority, ranting at Neil Gorsuch and Amy Coney Barrett for betraying him all the while, and promising to take in more money than before. I think I've got a pretty good record on the import of Trump's stupid tariff decisions and how they would play out: February 3, 2025: "Tariffs will put your jobs at risk:" The Make-Believe Justification for Trump's Trade War"
"And I think Trump may really live to regret this quick imposition of new tariffs. It's a colossally stupid policy, for the US, for the rest of the world, but even for Trump. Trump could have taken the rebuke from SCOTUS as an opportunity to reverse a policy that is not having what Trump claims is the desired effect, to shrink the US trade deficit in goods."
SCOTUS invalidated prior tariffs and Trump quickly imposed new 10% tariffs under a different legal authority while publicly attacking Justices Gorsuch and Barrett and promising greater revenue. A sequence of posts documented concerns about the tariffs' effects on jobs, trade deficits, and global markets. The tariffs are described as a colossally stupid policy that harms the United States, damages other economies, and undermines even the originator's interests. The immediate re-imposition foreclosed an opportunity to reverse an ineffective policy that has failed to shrink the goods trade deficit and risks broader economic and political fallout.
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