Let's talk about Trump doubling down on Tariffs even if SCOTUS strikes them down....
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What is the main topic discussed in this episode?
Well, howdy there internet people it spell again. So today, we're going to talk about Trump planning to double down on tariffs, even if SCOTIS strikes them down.
What is Trump’s plan to double‑down on tariffs even if the Supreme Court blocks them?
At this point, the only thing showing more signs of distress than the average person's economy are Trump's approval ratings. And there's probably a connection there. But Trump shows no signs of admitting he's wrong about the economy. Or acknowledging that the uncertainty caused by his tariffs are dragging down the economic engines of the country. To the contrary. He's got Treasury Secretary and soybean farmer Scott Bessent out there promising to continue the tariffs. Even if the Supreme Court strikes them down. How could they do that? Are they just going to ignore the courts? Not really.
How does Treasury Secretary Scott Bessent justify the tariffs using the 1962 Trade Act?
On Wednesday, Bessent referenced the nineteen sixty two Trade Act. That act is far more robust than the law Trump actually used to institute his tariff plan. Citing sections of the law, Bessent said quote. We can recreate the exact tariff structure with three hundred one, with two hundred thirty two, with one hundred twenty two. I think he got carried away, or maybe they still haven't figured out what they're going to use. Because section one hundred and twenty two isn't like the other two. It has limitations on how long the tariffs can be imposed. And it's pretty short. Less than six months. Це
Why might the specific tariff sections (301, 232, 122) be problematic for Trump’s strategy?
To be clear. Even though his tariffs are unpopular, and economic indicators suggest it's truly hurting the American economy and people, And even though the Supreme Court might give him an easy out, where he doesn't have to admit he's wrong. And that he hurt the economy. He apparently plans on doubling down and reinstituting them. It's like he's trying to make Republicans lose the midterms. Any politically savvy person would take thee out. say that it would have worked, and he would have got away with making America great, and bringing back jobs or whatever. But those meddling judges got in the way. Instead, it looks like he's going full steam ahead into the iceberg. In related news, the Besson also went out of his way to remind people that the chair of the Federal Reserve
How are Trump’s tariff moves linked to his slipping approval ratings and the upcoming midterms?
has the ability to move and start the discussion. But at the end of the day, he or she is one vote. Yeah. Saying that before Trump picks the new chair doesn't give me warm and fuzzy feelings. It's like he knows Trump is going to make a bad pick. And he's trying to preemptively calm people down. In what may or may not be unrelated news, Trump's approval ratings are circling the drain. The last economist UgovPole has him with a net negative nineteen approval rating. This is his seventh straight week below negative fifteenth. In his first term, he was never below negative fifteen for more than three weeks.
What role does the Federal Reserve chair play in this tariff debate and why does it matter?
Biden was at negative nine at this point in his presidency. It's the economy, stupid. Anyway. It's just a thought y'all have a good day.
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:01–0:15
2
What is Trump’s plan to double‑down on tariffs even if the Supreme Court blocks them?
0:15–1:00
3
How does Treasury Secretary Scott Bessent justify the tariffs using the 1962 Trade Act?
1:00–1:44
4
Why might the specific tariff sections (301, 232, 122) be problematic for Trump’s strategy?
1:44–2:43
5
How are Trump’s tariff moves linked to his slipping approval ratings and the upcoming midterms?
2:43–3:31
6
What role does the Federal Reserve chair play in this tariff debate and why does it matter?
3:31–3:43
Speakers
1 identifiedMore from Belle of the Ranch
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