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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: OrmontUS   😊 😞
Number: of 4460 
Subject: Re: When smacked with a hand, the game is a foot
Date: 05/29/25 4:12 PM
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Well, that was quick"

A federal appeals court has paused Wednesday night’s ruling from the Court of International Trade that blocked President Donald Trump’s tariffs.

The United States Court of Appeals for the Federal Circuit’s ruling restores Trump’s ability to levy tariffs using the emergency powers he declared earlier this year. The appeals court also ordered that both sides provide written arguments on the question of the blocking of Trump’s tariffs, to be filed by early next month. The appeals court set a deadline of June 5 for the plaintiffs to respond and June 9 for the government to reply.

Press secretary Karoline Leavitt defended Trump’s imposition of tariffs under a national emergency, saying the matter was already “adjudicated by Congress.” She called the three-judge panel “activist judges,” though it includes a judge appointed by Trump during his first term, and said that they “are threatening to undermine the credibility of the United States on the world stage.”

Leavitt railed against what she said was an effort to “brazenly (abuse) their judicial power to usurp Trump’s authority.”

I guess the question at-hand (or a foot) is whether the president has the authority to impose the tariffs.

Jeff
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