Lone Candle
Champion of Truth
Tariffs’ effects on costs and shipping have a multi-month delay due the time it takes to ship and businesses stocking up on goods before the tariffs.
The tariffs are very costly, and the unpredictability causes chaos and inefficiencies.
https://www.youtube.com/watch?v=33kfpNiiAmo
“While trying to escape from a Yemeni missile and drone attack, the U.S.S. Harry Truman veered so hard that a F/A-18E Super Hornet fighter jet fell from the aircraft carrier into the Red Sea, the U.S. Navy informed CNN. None of the crew were harmed, except for a sailor who suffered “minor injuries,” according to the Navy’s statement.”
https://reason.com/2025/04/29/u-s-navy-accidentally-throws-64-million-jet-overboard-off-the-coast-of-yemen/
“Trump’s trade war has also damped the market outlook for nuclear power. While not an energy source that has received as much attention from the president as coal, oil, and natural gas, the Trump administration has dispersed federal financing to a nuclear power plant restart in Michigan. Looming tariffs are forcing Hyundai, one of the project’s construction partners, to look to domestic manufacturers. “Tariffs will have an influence on the total price,” a spokesperson for Hyundai told Bloomberg.
Nearly $8 billion worth of other clean energy projects were canceled or downsized in the first quarter of 2025 because of Trump’s tariffs and federal funding freezes. The Commerce Department recently slapped duties as high as 3,521 percent on Asian solar imports after a yearslong trade investigation. While the announcement may benefit domestic manufacturers, it is sure to slow down the deployment of solar panels in the United States.
Trump promised to unleash American energy. However, the president’s heavy-handed, protectionist approach to trade and domestic production in his first 100 days could end up setting American energy back.”
https://reason.com/2025/04/29/trumps-100-day-energy-policy-scorecard-disrupted-markets-and-slowed-investment/
“The Constitution vests Congress, not the president, with the power to “lay and collect taxes, duties, imposts and excises.” Yet Trump has announced a dizzying array of “duties,” including punitive tariffs on Mexican and Canadian goods, a 25 percent tax on imported cars and car parts, tariffs on Chinese goods as high as 145 percent, and a 10 percent general tax on imports that may rise further based on supposedly “reciprocal” rates that make no sense.
These levies amount to the largest tax hike since 1993 and raise tariffs more than the notorious Smoot-Hawley Act of 1930, which deepened the Great Depression by setting off a trade war. The main authority that Trump cites for these far-reaching, commerce-disrupting, price-boosting tariffs is the International Emergency Economic Powers Act (IEEPA), a 1977 law that says nothing about tariffs.
The IEEPA—which was designed to constrain, not expand, the president’s powers—authorizes economic sanctions in response to “any unusual and extraordinary threat” to “the national security, foreign policy, or economy of the United States” after the president “declares a national emergency.” Although the law has been on the books for nearly half a century, no president until Trump has ever invoked it to impose a general tariff.
There are good reasons for that. The IEEPA mentions restrictions on transactions involving foreign-owned assets, but it never refers to taxes, tariffs, or any of their synonyms.”
…
“The shortcut that Trump chose is inconsistent with the IEEPA in another crucial way. To justify his tariffs, he has cited two supposed “emergencies”: the influx of illicit fentanyl, which goes back a decade or more, and ongoing bilateral trade deficits, which Trump himself has been decrying since the 1980s.
Neither of those constitutes the sort of “unusual and extraordinary threat” that Congress contemplated. “A statute grounded in emergency cannot be stretched to support open-ended policymaking,” Calabresi et al. say, “especially where the alleged threat is neither imminent nor novel.”
Trump’s interpretation of the IEEPA amounts to an assault on the separation of powers. “If decades-old trade deficits now qualify as an ’emergency,'” Calabresi et al. warn, “then any President could invoke IEEPA at will to bypass Congress on matters of taxation, commerce, and industrial policy.”
That result, the brief argues, violates the “major questions” doctrine, which says any assertion of executive power involving matters of “vast political and economic consequence” must be based on “unmistakable legislative authority.” It also violates the “nondelegation” doctrine, which says Congress cannot surrender its legislative powers.”
https://reason.com/2025/04/30/trumps-tariffs-usurp-the-legislatures-tax-power/
“”Trivium Packaging, a manufacturer of steel and aluminum containers…has shelved any expansion plans in the US for now, and the only hiring happening at its five US plants is to fill in staff losses due to attrition” because of the increased cost of the imported metal on which it relies, according to an April 17 Bloomberg report. Trivium was just one of the companies profiled in the article that “are putting hiring and expansion plans on hold while they come up with short-term plans to cope with the tariffs.”
Consumers are also changing their behavior in response to the trade war. Americans initially flocked to buy cars to beat anticipated price hikes. Purchases slowed as the expected price increases materialized, spurring the Trump administration this week to carve out some tariff relief for automakers.
But the same factors driving concerns about prices and availability regarding cars affect every other industry. According to the Federal Reserve’s latest Beige Book report on economic conditions, “uncertainty around international trade policy was pervasive” and “non-auto consumer spending was lower overall.”
Additionally, “several Districts reported that firms were taking a wait-and-see approach to employment, pausing or slowing hiring until there is more clarity on economic conditions” and “there were scattered reports of firms preparing for layoffs.”
Importantly, added the Beige Book analysis, “firms reported adding tariff surcharges or shortening pricing horizons to account for uncertain trade policy. Most businesses expected to pass through additional costs to customers.”
Basically, businesses and consumers alike are slowing spending and taking a wait-and-see attitude as they anticipate higher prices and economic disruption from the Trump administration’s protectionist policies. Americans expect the tariffs to be painful and they’re not happy about it.”
https://reason.com/2025/04/30/americans-doubt-trumps-trade-war-will-benefit-them/
“”Well, they did sign up for it, actually. And this is what I campaigned on,” Trump said of the tariffs during an interview with ABC News that aired Tuesday.”
https://www.msn.com/en-us/money/markets/trump-says-voters-unhappy-about-the-economy-and-his-china-trade-war-should-deal-with-it-because-they-did-sign-up-for-it-actually/ar-AA1DT0jh?ocid=msedgntp&pc=NMTS&cvid=b8851a238f384a6bb573752bf60cc090&ei=17
American Manufacturing Returns?! | The Weekly Show with Jon Stewart
https://www.youtube.com/watch?v=LSK8xRbnH6k
Comedian makes fun of Trump’s obvious incompetence and false promises.
https://www.youtube.com/watch?v=wYS70hxsPME
Tariffs are hurting the Chinese economy.
https://www.youtube.com/watch?v=WP3hpt8YAS0
“Even in the relatively short term, developers will respond to higher demand by building more units, so long as land-use policy is permissive enough to allow additional supply.
Vance acknowledges this point himself in his speech in referencing Austin, Texas.
Said Vance, “In Austin, you saw this massive increase of people moving in. The cost of housing skyrocketed. But then, Austin implemented some pretty smart policies, and that brought down the cost of housing, and it’s one of the few major American cities where you see the cost of housing leveling off or even coming down.”
If new supply can mitigate the upward housing cost pressure created by population growth in Austin, it can do the same for the country as a whole. That’s true even if it’s immigrants creating the population growth.”
https://reason.com/2025/03/11/j-d-vance-blames-zoning-immigrants-for-high-housing-costs/