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Autos are heavy and expensive to transport. That is why the Japanese (and Volkswagen) assemble cars in the US? The countries listed are not closed to American autos, US cars generally too expensive or too big for them. Note that until recently they bought lots of American planes.

Trump invoked IEEPA rather than section 232 probably due to the procedural requirements of section 232, which would have delayed things. Section 232 is unconstitutionally vague and broad and lacks a "discernible principle" as required under previous decisions. As a tax case, there would...

All true, except that the case was Loper Bright. But these same arguments apply even more so to Trump's actions. The very same law firm that won Loper Bright is leading the case against Trump's tariffs. The case involving the fishing boat inspector is effectively the same, only Congress can...

They are used to benefit specific groups at the expense of the population overall. A good example was when Biden put a 100% tariff on Chinese EV's to benefit the UAW which was a big backer of Biden. While the American people were deprived a high quality, low cost EV's.

The separation of powers vests the law-making power in the Congress, not the President. The President does not have the authority to rewrite a law. The statement that "The President alone is one of the three branches" was a serious constitutional error by the Supreme Court. The whole process...

If China or some other country tries to lower their standard of living with trade barriers, they are cheating themselves. Why should the US government lower America's standard of living in return? In practice, China takes huge amounts of American exports. If China makes things more cheaply, we...

I am still trying to figure out how getting stuff at low prices is being cheated?

Where in the Constitution does a provide for "a huge amount and trust into the commander in chief"? The idea of the Constitution was not have a king. IEEPA does not authorize tariffs. The President must execute the laws faithfully. Are you saying the President can rewrite laws? Did Biden have...

There are few factory workers in New York City, but it is a wealthy place because it has many high-paying service jobs. Moving low value-added manufacturing work to other countries has improved America's standard of living by allowing Americans to work in services and high value-added...

My company makes stuff in the US. It is normal economic development to move labor intensive production to poorer countries with lower labor costs. The richer country benefits from cheaper products and the poorer country gets richer. I remember when the cheap stuff came from Japan. This process...

I moved my 401K from stocks to bonds. I will go back into the market when things calm down.

I sold the first day Trump actually put tariffs into effect and avoided losing money. Why "Trump fails, America fails". America's economy was growing before Trump took office and the growth should resume.

Is there any evidence you could accept that Trump wants higher tariffs? His actions, words and appointments indicate he wants higher tariffs. Pat, you seem to always come up with an excuse for him. Stocks are down about 20%. What we be your excuse for a recession? For that matter, have you...

So I should ignore Trump's rejection of tariff elimination with the EU. "Fair trade" is just a code word for tariffs. I take Trump's numerous pro-tariff words and actions literally.

Donald Trump has said the contrary many times. Are you calling Trump a liar.

Yes, we actually do buy bottles from China and make the stuff which goes into the bottles. That is smart business. And we sell to China. If the Chinese government is making Chinese products too cheap, how are Americans being taken advantage of? It sounds like Americans are taking advantage of...

My company does business with China (in both directions). They do not have high tariffs and they are a fairly easy country to do business with. If you want to stop buying from China, that is your decision, why do you think you a right to impose your choices on others.

The sort of grand bargain Reagan negotiated on Social Security, reducing benefits (through higher retirement age) and increasing taxes, which made Social Security fiscally sound for almost 40 years. Or stop paying hospitals & medical specialists extra amounts on Medicare compared to GP's.

Notice that the people putting their money on the line see I bad outcome, not a good outcome. And what is the good situation you are expecting to happen? Trump has justified the tariffs as allowing America to rebuild its manufacturing base and a way of getting to 0/0 tariffs. These are...

This site https://www.gurufocus.com/economic_indicators/4534/inflation-adjusted-gold-price-adjusted-to-todays-dollar shows the price of gold more clearly. Note that prices start going up with the election and spike further with the trade war. Here is the Biden administration. Note that prices...