See here and here. Every morning I wake up, think I can’t see anything more crazy than what occurred yesterday, and then I check the news.
Figure 1: Top panel, EPU-trade; Middle panel: Trade Policy Uncertainty; Bottom panel: EPU. Orange shading denotes second Trump administration. Orange dashed line denotes election. Source: policyuncertainty.com, Iacoviello et al.
Addendum: If the Rosie O’Donnell reference was unclear, here’s article from The Hill:
President Trump on Saturday lashed out against comedian Rosie O’Donnell, calling her a “threat to humanity” and noting that he is “seriously considering” revoking her citizenship.
“Because of the fact that Rosie O’Donnell is not in the best interests of our Great Country, I am giving serious consideration to taking away her Citizenship,” Trump wrote in a Saturday morning Truth Social post.
Rosie?
James H McClure Jr: See addendum.
We can forgive you if you forget some basics about international tax law, but if you can’t remember B-celebrity Rosie O we’re going to have to get out the bull whip and adjust your behavior. Next you’ll be telling us you don’t know who Kathy Griffin is. Watch it mister.
Article 1, Section 8: “The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises”
Congress has delegated to the president some of its power regarding tariffs under limited circumstances.
Section 201: Market disruption
Section 232: National security
Section 301: Unfair practices
IEEPA: International Economic Emergency
Trump has imposed tariffs on Brazil because they have put Trump’s best friend Bolsonaro on trial for instigating a coup after he lost an election — a case Trump has some sympathy for. It has nothing to do with the items above.,
How is this tariff legal? I guess if Congress does nothing, then the Supreme Court takes it as a tacit okay.
Who has grounds to sue? Presumably the importers who have to pay the tax. But will they, fearing even more draconian government sanctions?
Well, I guess the digital services tax is back on? And the weeks of negotiation were just for practice?
What’s in the news that has the felon-in-chief feeling neglected? That’s the usual pattern – do something extraordinarily harmful to the general welfare whenever the felon isn’t the center of attention. ‘Cause time on weekend new programs is the most important factor in policy making.
We should start a pool on whose citizenship is threatened by the felon. I got Beshear!