There’s no reason to explain why Trump’s reaction to the Supreme Court’s decision in Learning Resources v. Trump was, as Ed Whelan called it, “stupid and vile.” The left lunatic Wall Street Journal characterized his rant as “arguably the worst moment of his Presidency,” which is hard to say given how many moments vie for the title.
But as Trump’s now favorite justice explained in his dissent, there are other statutes that permit a president to impose tariffs, and Trump immediately seized upon Section 122 of the Trade Act of 1974 (19 U.S.C. § 2132) to impose a universal tariff of 10%, upped the next day to the maximum 15%, which can last 150 days, after which he will require congressional approval. While it’s true that § 122 is a mechanism for the imposition of ad valorem taxes, that does not mean that the statute authorized Trump to impose them at will. Continue reading
