- Reaction score
- 2,603
India to cut Russian oil purchases, U.S. to slash tariffs as they near trade deal: Indian media report
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The Tariff Talk
- Thread starter tsptalk
- Start date
Boghie
Market Veteran
- Reaction score
- 399
The Russkies ain't going to like that. Not at all...
India is/was their second largest buyer of energy products.
- Reaction score
- 2,603
The Supreme Court WILL NOT rule on tariffs today.
www.cnbc.com
Supreme Court holds off on Trump tariff ruling for now — what's at stake for economy
The decision is poised to have far-reaching impacts on not only trade policy but also the U.S. fiscal situation.
James48843
TSP Talk Royalty
- Reaction score
- 956
New Tariff threats tank pre-markets
Stock futures pointed to a downbeat session on Wall Street on Tuesday morning as President Donald Trump intensified his rhetoric on Greenland, threatening to impose new tariffs on countries opposing the sale of the Danish territory to the United States.
Futures data last pointed to an implied open of a 630-point decline for the Dow Jones Industrial Average. The S&P 500 is poised to shed 93 points, or around 1.3%, while the implied open for the Nasdaq was last pointing to a drop of 405 points, or 1.6%.
Trump announced in a Truth Social post on Saturday that eight NATO members' U.S. imports will face escalating tariffs "until such time as a Deal is reached for the Complete and Total purchase of Greenland." The tariffs will start at 10% on Feb. 1 and rise to 25% on June 1, Trump said.
Stock futures pointed to a downbeat session on Wall Street on Tuesday morning as President Donald Trump intensified his rhetoric on Greenland, threatening to impose new tariffs on countries opposing the sale of the Danish territory to the United States.
Futures data last pointed to an implied open of a 630-point decline for the Dow Jones Industrial Average. The S&P 500 is poised to shed 93 points, or around 1.3%, while the implied open for the Nasdaq was last pointing to a drop of 405 points, or 1.6%.
Trump announced in a Truth Social post on Saturday that eight NATO members' U.S. imports will face escalating tariffs "until such time as a Deal is reached for the Complete and Total purchase of Greenland." The tariffs will start at 10% on Feb. 1 and rise to 25% on June 1, Trump said.
JTH
TSP Legend
- Reaction score
- 1,189
I've never seen one man destroy so much good will so quickly both at home and abroad.
weatherweenie
TSP Legend
- Reaction score
- 187
- Reaction score
- 585
US Supreme Court does not issue ruling on Trump's tariffs
A decision may take a while, but a ruling that the tariffs are illegal could have flipped the morning market script quickly. However, the market will have to sit with the tariffs for now.
- Reaction score
- 2,603
Supreme Court strikes down Trump tariffs
www.cnbc.com
Supreme Court strikes down Trump tariffs
Trump and his administration have talked up the consequences of the Supreme Court striking down his tariffs prior to the seismic ruling.
James48843
TSP Talk Royalty
- Reaction score
- 956
Good.
Now prices will go down by 500%, right?
Now prices will go down by 500%, right?
James48843
TSP Talk Royalty
- Reaction score
- 956
Who profits? (talking points memo)
More at link:
https://talkingpointsmemo.com/edblo...ke-astronomical-sums-off-court-nixing-tariffs
More at link:
https://talkingpointsmemo.com/edblo...ke-astronomical-sums-off-court-nixing-tariffs
Last edited by a moderator:
- Reaction score
- 868
Not surprised. I always thought of Lutnick as a snake oil salesman.
James48843
TSP Talk Royalty
- Reaction score
- 956
I think all of them are snake oil salesmen.
So…. Will prices at the grocery store go down? Does this mean tariffs imposed are now automatically turned off? Or will they just say they can’t easily undo them and continue taking?
So…. Will prices at the grocery store go down? Does this mean tariffs imposed are now automatically turned off? Or will they just say they can’t easily undo them and continue taking?
James48843
TSP Talk Royalty
- Reaction score
- 956
The President not happy, vows revenge
“Trump called the decision “a disgrace” after he was handed a note informing him of the Supreme Court decision during a private meeting with several governors, according to two people with knowledge of the president’s reaction who spoke on the condition of anonymity. Another person, who was briefed on the conversation, disclosed that Trump said he has “to do something about these courts.”
More:
apnews.com
“Trump called the decision “a disgrace” after he was handed a note informing him of the Supreme Court decision during a private meeting with several governors, according to two people with knowledge of the president’s reaction who spoke on the condition of anonymity. Another person, who was briefed on the conversation, disclosed that Trump said he has “to do something about these courts.”
More:
Trump's made tariffs central to his presidency. Chaos may come next
President Donald Trump suffered a rare rebuke when the Supreme Court ruled against his tariff agenda. The decision Friday throws U.S. trade policy back into uncertainty.
apnews.com
- Reaction score
- 868
The same Supreme Court that gave him almost unlimited power.The President not happy, vows revenge
“Trump called the decision “a disgrace” after he was handed a note informing him of the Supreme Court decision during a private meeting with several governors, according to two people with knowledge of the president’s reaction who spoke on the condition of anonymity. Another person, who was briefed on the conversation, disclosed that Trump said he has “to do something about these courts.”
More:
Trump's made tariffs central to his presidency. Chaos may come next
President Donald Trump suffered a rare rebuke when the Supreme Court ruled against his tariff agenda. The decision Friday throws U.S. trade policy back into uncertainty.
James48843
TSP Talk Royalty
- Reaction score
- 956
Here is the 170 page opinion ruling:
Better hide the ketchup
Better hide the ketchup
SteelSaving
TSP Strategist
- Reaction score
- 55
He could just go to the two chambers of Congress his party controls and work with them to get this done.
James48843
TSP Talk Royalty
- Reaction score
- 956
He could, but he won’t. He can’t work with anybody.
Now he says he’s going to issue an executive order to impose globally 10% tariffs across everything. News conference
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