Donald Trump said Saturday that he wants a global tariff of 15%, up from 10% he had announced a day earlier after the U.S. Supreme Court struck down many of the far-reaching taxes on imports that he had imposed over the last year.
Trump’s announcement on social media was the latest sign that despite the court’s check on his powers, the Republican president still intends to ratchet up tariffs in an unpredictable way. Tariffs have been his favorite tool for rewriting the rules of global commerce and applying international pressure.
The court’s decision on Friday struck down tariffs that Trump had imposed on nearly every country using an emergency powers law. Trump now said he will use a different, albeit more limited, legal authority.
It is kind of ironic that the ruling came in nearly at the same time that we see that Dummkopf stupid trade war did almost zilch in regards to trade deficits, something which he is apparently obsessed with.
And what does Dummkopf do? Doubles down. The moron had a chance to shake his fist at the “woke courts” or whatever the fuck and back off and people might breathe a sigh of relief at the idea they might get a reprieve from this nonsense. Instead, Grandpa Klanrobe is doubling down…Friday he was screaming 10%, Saturday it’s 15%.
He is just so fucking stupid.