Gavin Bade

I think it's a be careful what you wish for thing.

These Chinese companies, well, first of all, they are just really, really good at manufacturing.

They are very efficient.

They work their people really hard.

They pay them less than the US does in many cases.

And if you let that economic model in, that model is going to clash with the model of the vitro plant, which is more unionized, higher wages, more benefits.

And the other thing is, is just that the Chinese companies are operating under a different economic model.

This non-market economy that they come from, it's not as important for them to show profitability as quickly, right?

They are not going to have the same financing hiccups that other people do.

That's how the argument from the China hawks goes.

He has used emergency economic authority under a novel use of an emergency law to institute most of his tariffs.

And today, the Supreme Court said that he overstepped his bounds, that this should be a congressional authority, and that most of his tariffs were illegal.

So, raises a lot of questions for both the administration and, you know, the law firms here in Washington.

And for the U.S.

economy, quite frankly.

Yes, absolutely.

You know, there are many, many answers that still, you know, in the hours after this decision are still unknown.

But what we know now is that he overstepped his bounds in instituting a lot of these levies and is going to have to go back to the drawing board on many of them.

When you see him threatening tariffs at the drop of a hat, this is the legal authority he's using because it's the most flexible and it allows him to just instantaneously, with a presidential proclamation, change the tariff code.

The Supreme Court today said, you can't do that.